New Jersey Online Gaming Revenues Up 19 Percent In May
The disappointing growth of online gambling in the U.S. has got many needing to answer questions regarding the optimistic forecast that were made prior to the launch in 2013. New Jersey is currently the “largest” online gaming market but the numbers tell a sorry story.
The New Jersey Division of Gaming Enforcement (NJDGE) have just released the numbers for May this year. Overall online gaming in the Garden State amounted to $12.5 million in May which is up 19.1 % from the $10.5 million posted the same period last year. While this is a positive sign the revenues for the year until now only amount to $60 million which is a long way off front he $1 billion mark Gov. Chris Christie was throwing around prior to the launch.
The top performer again was the Borgata interactive gaming license which recorded revenues of about $4 million for the month of May. This includes Pal Interactive, PartyPoker and Borgata online gaming.
While the online gaming sector performed pretty well the gambling markets did not do so well. Slot machine revenues were down 10.9 % on a year-on-year basis to $157 million while table game wins were also down by 8.1% to $51.6 million. The overall casino win were down 10.2% from $232.4 million last year in May to $208.6 million this year.