Atlantic City Online Revenues Up 28.6%

This week the New Jersey Division of Gaming Enforcement announced the online betting numbers for New Jersey, noting that revenues were up 28.6% to $18.8 million from the gaming sites.

The regulator revealed that online casino games generated $16.4 million in revenues, while online poker accounted for $2.3 million (up 8.7% from December). The Golden Nugget brought in the most revenues from internet betting, with $4.77 million coming in, while Caesars' online venture generated $4.03 million. The Borgata rounded out the top three with $3.77 million in revenues.

Land revenues were up as well, with the remaining casinos bringing in $185.9 million, which was up 5.9% from last year. The state of New Jersey's tax revenues off the winnings were also up, as they hauled in $16.5 million. Land and online revenues combined were up 7.7% from last year, bringing in $204.7 million total.

Online betting has proven to be a profitable venture for New Jersey, as it's brought in millions of dollars in revenues since it launched, offsetting some of the losses that Atlantic City's casinos were sustaining. Now that the land spots are seeing revenues increase again, the online gaming portion is an added bonus for all involved, serving as a model as to what online gaming could provide for other US states.

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bgsharpe
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21 February 2017 - 9:57pm
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....serving as a model as to what online gaming could provide for other US states.

Yes agreed with that, NJ should really serve as a model in the regulation of the business in the other states when and if that happen. It's quite winning formula and I think despite just being taken as a pleasant bonus now the online gambling has a great potential to become even the primary way of gambling.