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New Jersey Online Casino Revenues Grow 15.2 Percent
Tuesday April 15,2014 : ENCOURAGING GROWTH IN NEW JERSEY ONLINE GAMBLING SECTOR
Land casinos continue to languish, but online operations revenues grow 15.2 percent.
March statistics from the New Jersey Division of Gaming Enforcement show that whilst land casino revenues continue to decline in Atlantic City, the nascent online sector grew 15.2 percent to its highest revenue levels yet.
The gambling enclave's casino operators reported online and mobile gaming win of $11.9 million in March, a 15.2 percent increase compared to the $10.3 million in February, and a continuation of a trend that has seen revenues headed upwards since the games launched in November last year.
$3.2 million of the revenues came from online poker, which remained largely flat in performance; online casino came in at $8.6 million - up on February 2014's $7.2 million.
The Borgata continued to be the online gambling leader in New Jersey, generating around a third of all business at $4.39 million, with Caesars chasing on $3.7 million.
Eilers Research posted an assessment noting that the New Jersey market is on track to reach revenues of around $142.5 million this year, considerably lower than political estimates published last year, but growing.
The New Jersey regulator reports that by the end of March, the number of online gambling players who have registered with New Jersey operators had reached 292,000, another indicator of continuing growth.
The land casino sector's numbers for March showed an overall 2.2 percent decline compared with the same period last year, reaching $233.4 million (2013 March: $238.5 million). The overall numbers include online gambling, indicating that the decline could have been marginally worse but for the internet contribution.
The Associated Press news agency reports that Atlantic City's 11 brick-and-mortar casinos [without the internet component added] won $221 million in March - down 7 percent from March 2013.
Last [February] month the Atlantic City year-on-year decline was a modest 1.4 percent .
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