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New Jersey Online Gambling Market Grows 9%

The New Jersey online betting industry continued to grow in February, as revenues jumped 9% according to a report by the New Jersey Division of Gaming Enforcement.

The numbers reveal the third straight month of growth, although the rate is slower than the month of January. There are now more than 250,000 registrations reported within the Garden State, while the Borgata and Caesars Entertainment have a stranglehold on the market.

For the month, Boyd Gaming owned resort Borgata brought in a little more than $4 million, while Caesars brought in $3.3 million. The Tropicana Atlantic City and Virgin Casino both brought in $1.3 million, while the Taj Mahal brought in $587,323. Trump Plaza, who is working with Betfair brought in $493,590, and the Golden Nugget rounded out the casino hauls, with $460,121 in revenue.

Commenting on the results 888 CEO Brian Mattingley (who is working with Caesars) said, "We are delighted with the way it has started. All of us got into a good rhythm and started some good marketing. Overall, I'm delighted with where we're at."

Boyd Gaming CEO Keith Smith spoke about the Borgata's success, noting: "We were particularly encouraged by the performance of Borgata's online casino site, which achieved month-over-month revenue growth of 36 percent, and more than 50 percent on a per-day basis. Looking ahead, we continue to see significant opportunities for future growth in New Jersey as we refine and enhance our online product."

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