New Records for New Jersey Online Gambling
The New Jersey Division of Gaming Enforcement, or DGE, has just released the gaming numbers for July 2018, and, surprisingly, there was no decline in revenue over the summer months. In fact, the state raked in US$25.9 million, US$5.3 million more than the industry brought in over the same month last year, and US$300 000 more than the previous record for New Jersey, which was set as recently as March 2018.
Online Poker Falls Behind
What isn’t surprising is that the strongest numbers for the state came from its online casino and gambling industry, not from the world of web-based Poker. Revenue for casino games operating on the Internet rose by almost 30%, reaching slightly over US$24 million. In comparison, income from web-based Poker dropped by 8%, bringing in roughly US$1.85 million. Still, even the slower pace of this wildly popular card game seems to be unable to stop the machine that is Internet gambling in New Jersey!
Casinos on a Winning Streak
The Golden Nugget casino hit its own record-high in July as well, earning more than US$9.3 million from its web-based real money entertainment, breaking the previous record it had set in March this year of US$8.65 million.
Borgata came in 2nd, albeit a far 2nd, with a total income of almost US$5 million, which includes takings from its online casinos and its Poker offerings. Resorts Digital Gaming took the 3rd position, recording almost US$4 million in proceeds from both industries. Caesars was in 4th place, with returns of just under US$3.8 million, but its Poker industry did remarkably well, earning more than US$700 000 for the operators. The gaming rooms at Caesars are the only ones sharing player pools with Nevada and Delaware at the moment, which explains why their intake is so much higher. The Tropicana took 5th place, turning a total profit of US$3.35 million.
Garden State On A Roll
July marked the 17th successive month in which the online gambling income for New Jersey exceeded US$20 million. The state’s success comes at just the right time, too: Pennsylvania is getting its web-based betting underway, and many other states are also looking to legalization of Internet gambling as a very necessary solution to their budgetary woes as well. As the Garden State rides a wave of success month after month, others can look to it as a model as they investigate how to move forward with expanding industries of their own.