New Jersey Online Numbers up 30% in November

This week the New Jersey Division of Gaming Enforcement revealed the state's November 2016 online gaming revenue numbers, noting that there was 30% growth when compared to the same period last year.

The state's online casinos brought in $17.2 million in November, which is up 30% compared to the same time in 2015. The numbers come in just shy of an all-time record, which was set in July of this year. Casino games brought in $15.1 million, which was up 34%, while poker brought in $2.1 million, up 6.4%. For the year, online betting has generated $178.3 million, up 32.3% from last year.

The Borgata led the way in terms of revenues, totaling $3.8 million, narrowly beating the Golden Nugget, which took second. Caesars brought in $3.36 million for third, while Resorts/PokerStars had $3.2 million for fourth place. The Tropicana rounded out the top five, bringing in $3 million in online revenues.

The online gaming industry has been a godsend for the struggling Atlantic City casino industry, whose revenues have dipped significantly in recent years. Last month land casinos brought in $180.1 million, down 6% from 2015. Year to date numbers for land casinos were at $2.22 billion, down 1% from last year.

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15 December 2016 - 11:22pm

By any measures 30% is just a huge growth in revenues for the online business and despite land based business is slightly behind from last year it looks like the future looks bright right now.