New Jersey Online Gaming Revenues Up In August
The progress of online gambling in the Garden State is still nothing to get excited about and still generates a fraction of what supporters of legalizing online gambling claimed it would be.
However it is still important to follow as much of the future expansion of online gambling will be determined by the success or lack of in New Jersey which is the only one of three U.S. states who have a viable market.
The New Jersey Division of Gaming Enforcement (NJDGE) have released the August figures which show a 15.8 % rise on the $10.5 million posted in August last year to reach $12.2 million. This brings the total online gaming state revenues to around $96.7 million for the year to end of August.
While there are positive signs for the online market in New Jersey, the land based sector is still struggling as total casino wins in August were down 16.3% at $246.4 million from the $294.5 million from the same period last year. Total gaming wins were also down 15.2 % to $258.6 million from the $305 million last year. This figure however is a bit misleading as many of the state casinos have closed so overall revenues were affected.