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New Jersey Online Betting Revenue Reaches $17 Million in April

This week the New Jersey Division of Gaming Enforcement released the Garden State's online betting numbers for the month of April 2016, noting that revenues soared 33.8% when compared to the same period last year.

The DGE revealed that casino revenues in April were $17 million, which was up 33.8% from the same period last year, and beat an all-time record that was set in March ($15.5 million). Thus far, online casinos have brought in $61.9 million in revenue for the year, which is up nearly 30% from the same time last year.

Online betting has grown steadily in the past year, becoming an integral part of New Jersey's gaming industry, which had an overall win number of $198 million last month, up 6.3% from the same period last year.

New Jersey currently has the largest online betting industry in the United States, easily eclipsing the revenues brought in through Delaware and Nevada. The state's success has led to other states introducing online betting legislation, with the state of Michigan recently citing New Jersey as a case study as to why online betting regulation is a good thing.

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Fortune HunterFortune Hunter
sharpe's picture
Location: Sofia, Bulgaria
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18 May 2016 - 7:33pm

Obviously New Jersey has a leading role in US online gambling industry at the moment and it's not a miracle after the gambling is still not regulated and legal in most of the states. I think there will will be a move forward in most of the states toward legalization of the gambling in future.

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