New Jersey casinos set record-breaking results

New Jersey casinos have shown strong results during November’s online gambling operations.

US.- New Jersey authorities have revealed that the legal online casinos in the state managed “an array of achievements” in November. Casino operators reported that last month’s financial results have surpassed US$700 million in lifetime revenue since the legalisation in November 2013. With growth predicted for the year ahead, even more impressive milestones are within reach, according to analysts from PlayNJ.

“New Jersey could see lifetime revenue hit the $1 billion mark by the end of 2018,” said PlayNJ lead analyst Steve Ruddock. “There’s the potential for super-sized growth in the year ahead. New Jersey is already in the process of linking up with Nevada and Delaware, and is exploring even more liquidity sharing options with Pennsylvania and international markets. This player pooling could be a key driver of growth as the market enters its fifth year.”

Meanwhile, the online industry has reached US$20.6 million in November, according to the New Jersey Division of Gaming Enforcement’s Monthly Internet Gross Revenue Report. The ninth consecutive month that online casinos have posted more than US$20 million in gross revenue, November’s tally was essentially even with US$20.6 million October and up 20 percent from US$17.2 million in November 2016.