New Jersey has provided further data on the gross turnover of regulated online casinos and poker rooms. As the report shows, the profitability of Internet portals continues to increase. The total income of the company exceeds $20 million.
Online gambling business in new Jersey received $20.6 million
The rates of return gambling companies in November 2017
Experts note several significant indicators on the results of activities in November 2017:
gross turnover exceeds $20 million. This is the maximum achieved figure for the current year, but not limiting, according to analysts.
Golden Nugget online casino has reached the highest level of profitability among competitors. The profit of the portal amounted to more than $ 6 million.
low rates are observed in the activities of online poker rooms. For the third consecutive month profit poker portals does not reach the level of $2 million Since the beginning of 2015 this is the worst results. The drop in revenue is noted on all sites of the leading poker networks.
Performance indicators of gambling portals are expressed as follows:
online casino. Brought in revenues of $18.8 million Increase in profit was 20% for the year, about 3.5% monthly.
poker room. Made a profit of $1.8 million Decrease in turnover was 13.1% for the year, about 3.3% each month.
Online gambling business received $20.6 million, or 20% growth compared to last year and about 3.5% rise in turnover on a monthly basis.
Analysts have noted an alarming decline in the industry of online poker games. The level of profitability in November 2017 decreased in comparison with rates in November 2016, when the profit of the poker rooms has exceeded $2.1 million in an Online casino, on the contrary, steadily increasing speed, increasing monthly income.
The profitability of individual operators
In General, the profitability indicators of different operators differ significantly:
Borgata – owner of the four gambling sites (Borgata Casino, Borgata Poker, Party Poker PalaCasino). This year, the provider has achieved good results. The level of profitability both for the last month and for the year has increased by about 2 times. The company holds the second place after Golden Nugget.
Caesars is the owner of four portals (CaesarsCasino, HarrahsCasino, WSOP, 888). He also achieved an increase in profits in November-6% and 4% in poker rooms and online casinos, respectively. The total yield for the year increased by 3%.
Golden Nugget-leading three sites (Golden Nugget, Betfair, SugarHouse) – the leader in profitability. The growth of the operator's profit was 63%. The company received more than $ 6 million in November.
Resorts AC-the owner of the portals Resorts, Mohegan Sun, PokerStar NG). This operator experienced difficulties. In the field of poker, the provider has seen a decline - a decrease in revenues by 16%. Drawdown compensated for the profits from the online casino 9% for the month. Taking into account the total performance of Resorts AC managed to earn income, taking third place among competitors.
Tropicana is leading the Tropicana casino and Virgin was the only carrier, in which a is declining profit. Compared with November last year, the provider's income decreased by 10%.
New Jersey monthly publishes official data on the income of online gaming portals. Reports are issued on average 2 weeks after the closing of the month. Statistics are formed on the basis of data submitted by operators.
It should be noted that since the legalization of the online gambling industry in 2013, the revenue of online casinos exceeded $600 million.the level of profitability for the last six months increased by almost 27% compared to the previous similar period.