Online Gambling Living Up To Its Promise In New Jersey

new-jersery-online-gamblingGovernor Chris Christie is starting to look like a prophet. It’s only been a few years since he was twisting arms and strongly pushing to bring online gambling to New Jersey. Promises of a huge bonanza for state revenue coffers didn’t exactly materialize right away. But now, after three months of successive revenue records for New Jerseys gambling online industry, redemption is sweet for the Governor.

February, 2016 brought a new revenue record for the states online gambling market. As reported by the Division of Gaming Enforcement for New Jersey, revenue from online casinos generated $14.7 million in February, which was 42 percent higher than February, 2015. It also surpassed January 2016’s total by $100 thousand. This total was accomplished without contributions from Amaya Gaming’s, which was launched this past Monday, March 21, 2016. Revenue from the online poker giant should push the March online gambling totals to another new record.

Despite the fact that Atlantic City still seems to be struggling after shuttering four of its twelve casinos, the year-on-year brick and mortar casino gambling totals were up an impressive 52.6 percent to $12.75 million. Online poker’s contribution to the casinos total was slightly less that a paltry $2 million. The trifecta of the Borgata Casino and its two online casinos, and Pala Interactive, were the top gainers with $4.24 million. Caesars Interactive Entertainment had total revenue of just over $3 million. New Jersey’s three casino-only operators contributed $7.49 million, led by the Golden Nugget with $3.12 million, the Tropicana at $3.05 million and Resorts Digital Gaming at $1.32 million.

Neighboring state Delaware also reported close to record revenue amounts for its three online casinos. February revenue totals were $230k, just short of the record amount of $241k for April, 2014. Online poker was pretty anemic, bringing in only $28k, down eighteen percent year-on-year.

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