Online gambling in New Jersey on the rise

new jersey

Online gambling in NJ experienced a 40 percent increase in total online gaming revenue.

New Jersey revealed that March has been an historic month for the online gambling sector as it increased more than 40 percent.

US.- The New Jersey Division of Gaming Enforcement released the online gambling results from March, where it is revealed that online gaming operators earned more than US$21 million, up from the US$18 million reported in January, the best-ever month for the state.

Online casino revenue collected US$19.5 million, which is a 40 percent increase in total online gaming revenue from the same period a year before, another historic record. New Jersey’s online gambling market has been growing increasingly over the years, with month-over-month and year-over-year double digit increases. According to Poker News, the east coast state has totaled US$536 million in revenue ever since it decided to legalise the online casino games and poker industry in 2013.

Golden Nugget Atlantic City was the top scorer in March as it collected more than US$6 million in online gaming revenue. The result is considered a new high for the facility. Earlier this year, research firm Eilers & Krejcik Gaming released a report where they established that the online gaming industry in New Jersey will grow 17 percent in 2017. Last year, online casinos experienced a 32 percent growth over 2015.

To be able to run an online gaming site in the state, the operator needs a partnership with a licensee, and there are currently five in the state: Golden Nugget, Caesars, Resorts, Borgata and Tropicana.