Online gambling sets new record in New Jersey
The online industry in the Garden State managed to achieve an historic performance in October.
US.- Online gambling keeps growing in New Jersey and achieved a new record in October: with two months to spare in 2017, it hit the US$200 million mark in gross revenue for the year and broke the annual revenue record.
New Jersey’s regulated online casinos totaled US$20.6 million in October and set an eight consecutive month over the US$20 million mark. Online casinos generated US$204.2 million in gross revenue through October 31 and surpassed the US$196.7 million that was accomplished in the 12 months of 2016.
According to analyst from PlayNJ.com, Steve Ruddock, topping 2016’s revenue tally two months before the end of the year is the clearest signal yet that demand for the legal online gambling industry’s products has not yet peaked.
Pennsylvania’s recent gambling legalisation brings more hope to New Jersey as it is estimated that it will boost the online industry in the United States, which also has Delaware and Nevada in the list.
“After Pennsylvania’s online casinos go live, a total of 26 million U.S. residents will have access to legal, regulated online gaming sites,” Ruddock said. “That rising tide will positively affect every state where online gambling is legal. The interstate compact between Nevada, Delaware, and New Jersey will serve to stabilise and grow the online poker market in all three states. Throw Pennsylvania into the mix, and the U.S. online poker market is poised to double in size by the end of 2018.”
