Nj iGaming is struggling, despite initially projections that are dazzling the state’s Governor Chris Christie.
Is brand New Jersey iGaming in big trouble? That’s the worrying concern many folks are now asking following the latest round of financial reports.
The first piece of news to rock the video gaming industry in the Garden State had been that Atlantic City’s brick-and-mortar venues had experienced a profit drop that is year-on-year.
Comparing 2014’s October take to 2015’s figures, the resort town’s system of live casinos made $197.7 million within the former, contrasted to $191.6 million in the latter.
This disparity represented a 3.1 per cent decrease and a potential indication that the city isn’t that great regeneration many had envisioned.
Poker’s Poor Performance
Incorporating to this disappointment was the revelation that online poker additionally hit a stumbling block in October.
Looking particularly at those numbers, 2015 was a month that returned 8 percent more money than the state’s operators generated in September 2015 ($1,913,403 vs. $1,771,123) october.
Nonetheless, while this news was a positive, it absolutely was tinged with another wave of disappointment after it became clear that the latest month of operation represented a 2.8 percent year-on-year drop.
In October 2014, nj’s collective of online poker sites banked $1,967,905. In contrast, October 2015’s c