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New Jersey Online Gambling Revenues Soar 22%

The New Jersey Division of Gaming Enforcement has seen its online gambling revenues for January soar by 22% when compared to the same period last year.

The Garden State's online casino revenues were $11.6 million in January, and is an 8% jump from December 2014. Casino games made up $9.3 million of that revenue total (up 8% from December, 54% from January 2014), while online poker made up $2.3 million of the remainder.

The top casinos for online betting were the Tropicana with $2.6 million, Borgata with $2.5 million, the Golden Nugget/Betfair with $2.5 million, and Caesars with $1.4 million.

Land casinos in Atlantic City brought in $186 million in win revenue last month, which was down just 0.2% from last January. Revenues for the eight casinos were actually up 19% compared to a year ago, when more casinos were eating away at individual market share.

Commenting on the results New Jersey Casino Control Commission Chairman Matt Levinson said, "Seven out of them were up, and six reported double-digit increases. Even when you include the now-closed casinos in last year's results, the total gaming win is still up. While it is always risky to say we've turned a corner or that there is light at the end of the proverbial tunnel, let me say that January's results are very encouraging."

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