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Nj iGaming: Do Falling Profits Give Cause for Pause for Online’s Future within the Garden State?

Nj iGaming: Do Falling Profits Give Cause for Pause for Online's Future within the Garden State?

Nj iGaming is struggling, despite initially dazzling projections from hawaii's Governor Chris Christie.

Is New Jersey iGaming in some trouble? That's the worrying concern many people are now asking following the latest round of financial reports.

The very first piece of news to rock the gaming industry in the Garden State was that Atlantic City's brick-and-mortar venues had experienced a year-on-year profit drop.

Comparing 2014's October take to 2015's figures, the resort town's network of live casinos made $197.7 million in the former, contrasted to $191.6 million in the latter.

This disparity represented a 3.1 per cent decrease and a sign that is potential the city isn't that great regeneration many had envisioned.

Poker's Poor Performance

Including to this disappointment ended up being the revelation that online poker also hit a block that is stumbling October.

Looking especially at those numbers, October 2015 had been a month that returned 8 percent additional money than their state's operators generated in September 2015 ($1,913,403 vs. $1,771,123).

However, while this news was a confident, it had been 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 2014, New Jersey's collective of online poker sites banked $1,967,905 october. In contrast, October 2015's combined revenue amounted