NJ experiences online gambling growth

NJ

Assemblyman Ralph Caputo is currently considering the video lottery terminals.

The US state went through further growth in October.

US.- New Jersey experienced an important increase in its revenue with almost a 30 percent growth year-on-year to US$16.7 million in October. The numbers also show an increase from the US$16.2 recorded in September.

New Jersey is still the most successful state in the country that has legalised online gambling. On the other hand, the land-based casinos continue to suffer with only US$197 million recorded in September, revenue down 2.7 percent compared to the same period in 2015. Total win for last month amounted to US$218 million, 0.7 lower than 2015.

Earlier this month, the state Department of Community Affairs rejected the plan that aimed to set Atlantic City back on track towards a financial recovery. The proposal would have cut spending and sell the largest tract of empty land to the water utility, and laid off 100 workers. Atlantic City currently faces a debt of US$500 million, and the city debt grew to almost US$100 million over the last couple of years.