New Jersey Releases October Online Gambling Numbers

upward-graphThe Garden State’s gambling authorities posted numbers that pertained to New Jersey’s online gambling industry for the month of October. The bottom line is that casinos in New Jersey won $16.7 million from online players last month – an impressive 30% increase year on year. In October 2015, casinos won $12.9 million from players, it was reported.

Turning to online poker numbers, New Jersey’s gaming regulators said that revenue from the game increased 25% compared to the same month last year to a total of $2.4 million. Authorized online casino games saw a 30% increase to $14.3 million.

Other interesting online gambling numbers posted by New Jersey’s gaming regulators were as follows:

• In 2015, online gaming revenue in New Jersey totaled $149 million. This year, in the 10 months alone from the beginning of 2016, online gaming revenue has already reached $161.2 million.
• In 2015, poker revenue amounted to $22.3 million, a 12% increase compared to the previous year.

Not all the numbers posted referred to online gambling of course. When looking at the overall casino industry in New Jersey, it was shown that total gaming win for Atlantic City casinos reached $2.2 billion through to the month of October, 2016 – a 1.4% increase year on year. This was good news for Atlantic City which has been struggling in the past few years to report on increasing revenues.

Interesting facts about the Garden State’s casino industry are as follows:

• The biggest live casino and online casino winner is undoubtedly the Borgata Casino in Atlantic City, which has won $650 million from January to October 2016. This was a 4% increase compared to the same months in 2015. Even more interesting was the fact that nearly $40 million of that total came from the casino’s online gambling platform.
• The Trump Taj Mahal casino shut its doors to the public for good on October 10th. Because of this, numbers for October gaming win dipped slightly by about 1% in comparison to the same month last year.
• New Jersey’s casino industry also made news after voters rejected the idea to allow casinos to be established elsewhere in the state, following a November 8th referendum. As such, casinos will continue to run in Atlantic City only which should prove to be a boost for the strip.

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