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Online Gambling In New Jersey Shows Growth In July

Online revenues in the Garden State have been improving in the last few months. According to figures released by the New Jersey Division of Gaming Enforcement (NJDGE) online gaming revenues were up in July to $12.5 million which is an increase of the 24.4% on the $10.1 million posted in July 2014. This is also an increase from the $11.7 million from June this year.

As it stands the total revenues from online gambling in New Jersey stand at around $84.5 million to date which is an increase of 15.6% from the $73.1 million recorded in the same period in 2014.

In terms of star performers for July, PartyPoker, Borgata and Pala Interactive performed best with online revenues of $3.8 million in July which was up from the $3.2 million in 2014.The combined online and land based gaming revenues in July amounted to $257.5 million in July which is an increase of 8.1 percent from the $238.3m last year.

Total state gaming wins are $1.5 billion for the year to date which is down 9.4% from the $1.6 billion in 2014. However these revenues included properties that were shutdown since last July. The Borgata, Golden Nugget and Resorts who launched online gambling earlier this year saw the largest increases in revenues while the Taj Mahal saw gaming revenues fall by nearly 12 percent in July for the same period last year.

Author: Victor

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