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New Jersey Online Revenues Drop in May

The New Jersey Divison of Gaming Enforcement has reported their May 2015 online financial results, noting that online casino games dropped 1.5% to $10.54 million, while online poker dropped 2.5% to $1.93 million.

Total revenues were down 1.5% to $12.47 million. Part Poker and Borgata's alliance held 31.7% market share, while Golden Nugget and Betfair held 24.6% of the market. Caesars and 888 were third with 21% of the market, while Resorts casino lagged with just 2.5% market share.

While the numbers are down from the month before, they are up 19.1% when compared to the same time last year, with casino game revenue surging 28.7% during that period. Land casinos also are doing better, with revenues climbing 5.3% to $208.6 million.

Commenting on the results New Jersey Casino Control Commission Chairman Matt Levinson said, “That’s a strong showing for what our detractors say is a weak market. Whether you look at the results for the one month or for the first five months of this year, total gaming revenue is up for the current operators. The size of the market may be smaller, but the health of the current operators is getting stronger.”

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