It was only about seven years ago when the poker neighborhood became aware of the perils of on-line poker platforms not holding bankrolls in segregated company bank accounts. Nowadays in New Jersey’s regulated landscape, online poker players are much better protected.
According to monetary reports made public this week by the New Jersey Division of Gaming Enforcement, the state’s 3 on-line poker operators collectively have about $14.5 million worth of patron deposits in separate accounts.
Within the Borgata’s 19-page quarterly financial report, the casino said that it held about $5.1 million in on-line gambling player cash as of June 30.
“We preserve separate New Jersey bank accounts to primarily make sure the security of funds held in patrons’ web gaming accounts,” the MGM Resorts-owned casino said in its report.
Caesars Interactive Entertainment, owner from the famed WSOP brand, said it held about $5.4 million worth of player cash within the Garden State. Resorts Digital, PokerStars’ web gaming partner, said it had about $4 million in on-line casino deposits.
Via June, Borgata had $25.7 million in web gaming revenue; Caesars had $21.eight million; and Resorts had $22.five million, according to state figures.
The Golden Nugget, which doesn’t provide on-line poker but is the state’s largest online casino in terms of revenue, stated it held about $1.six million. The Golden Nugget had $48.9 million in web gaming revenue via June. Tropicana, which had $20.5 million in internet gaming income, held about $500,000 in deposits in the end of June.