Tri-state titans, New York and New Jersey experienced contrasting periods of casino prosperity in February. Whilst The Big Apple marked encouraging wins, the Garden State saw a continued desertion of land-based operations for online gambling.
Results show that New York’s three commercial properties have generated the total amount of $39.6m in gross gaming revenue in the period between 4 December 2016 and 26 February 2017, also, with very few exceptions, weekly revenue has been on the rise since Tioga Downs Casino welcomed its first patrons.
In contrast, figures released by the New Jersey Division of Gaming Enforcement have revealed that casinos in the state have seen a fall in landbased revenue of nearly 2 percent on the same month last year. Although the state saw an overall increase of 0.3 percent, this was only due to the success of online gambling in the region.
In related news, at an online gambling hearing in Pennsylvania, two representatives from Rush Street Gaming, provided testimony touting the benefits of online gambling utilising data gathered in New Jersey.
During their prepared remarks, Rush Street Interactive president Richard Schwartz and SugarHouse Casino general manager Wendy Hamilton, cited figures from the Golden Nugget in Atlantic City, where the company operates an online casino, PlaySugar- House.com, through the Golden Nugget’s interactive licence. Their data debunks the argument that online gambling will cannibalise landbased casinos, showing that eighty nine percent of the players who registered at Golden Nugget’s online casino were new customers, wholly unknown to the landbased casino.
The first point of contact between these players and Golden Nugget occurred when they registered their online accounts. The eight percent of online registrants who were existing customers at Golden Nugget did not decrease their landbased casino spend; to the contrary increasing it by an average of 15 percent.