iGaming revenue up 24% in New Jersey

The online gambling industry reported a 24.9 per cent increase in revenue during 2017 as it reached US$245.6 million.

US.- Gambling experts agree on the future of the online industry, with New Jersey’s revenue during 2017 proof of its growth, with an increase of 24.9 per cent year-on-year to US$245.6 million.

The amount recorded during 2017 is considerably higher than 2016’s US$196.7 million and, according to a report by DGS Media, was driven by Golden Nugget’s US$68.5 million. Said revenue is 62.3 per cent higher than the amount it took during the previous year.

“To say that Golden Nugget had a dominant year easily qualifies as an understatement,” the report said, adding: “What the operator managed in 2017 would serve well as the blueprint for existing and yet-to-be launched online casino sites in the U.S. regulated space.”

According to DGS Media, the decision to accept PayPal as a cashiering method was key to Golden Nugget’s improvement, so the industry may take a further look into that possibility in the near future to enhance its overall performance.