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New Jersey Online Betting Market Grew 15.2% In March

The New Jersey Division of Gaming Enforcement has released its latest March financial results for the state's gambling industry, noting that online gambling grew 15.2% during the month.

For the month, New Jersey online casinos won $11.9 million from punters, which is up from $10.3 million in February.

Of that total, $3.2 million came from online poker, while casino slots and table games brought in $8.6 million in revenue. The Borgata continues to set the pace for online casinos in New Jersey, with 33% of the market ($4.39 million), while Caesars is second with 31% ($3.7 million).

Thus far, 292,000 people have registered accounts to gamble in New Jersey, making it the largest legalized online gambling market in the United States.

While the online betting market is looking up in New Jersey, the land based market is still stagnating, as land casino revenues were down 2.2% when compared with March 2013 revenues, as casinos won $233.4 million for the month.