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New Jersey Gaming Revenues Surge in July

In July the state of New Jersey saw its gambling revenues surge by 7% when compared to the same period last year, with online and land revenues both performing well.

Online gambling revenues were up 39% when compared to the same period last year, with $17.4 million coming in via desktop and mobile devices. Brick and mortar establishments were up 5% with $257.9 million brought in for the month.

The largest performer in terms of combined revenues was The Borgata, which had just under $88 million in revenues, $4 million of which came from online revenues. Caesars was second in revenues with $31.2 million brought in for the month, up 8% from last year. Online revenues were up 27% to $3.4 million, while the Golden Nugget brought in $25.1 million, up 9.7% from last year.

For years, Atlantic City has struggled in terms of gambling revenues, as competition from other states has ended up sapping money from the brick and mortar establishments. Online gambling has been sought as somewhat as a savior for the nearly bankrupt city, as it has opened gambling to punters within the Garden State's borders.

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bgsharpe
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21 August 2016 - 11:07pm
#1

Well I guess that's great news for the gambling industry in NJ and if it's not surprising that the online sector doing well, the fact that brick and mortar casinos numbers are also up is impressive. Obviously Atlantic City doing fine at the moment.

caactmyname
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22 August 2016 - 12:17am
#2

With this revenue boom, I think the casinos would try to build a higher quality for their consumers. Perhaps if it was going in the same direction as before online gambling came around, they would have resorted to adjusting house edge to higher and higher levels? (With rule changes)

I'm glad to see this, though, for I have some friends in NJ and this could potentially make their experiences more entertaining.

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