New Jersey Online Gambling Financials Rise in January

The state of New Jersey revealed their January land and online gambling numbers, revealing that online numbers rose 16.7%, while land numbers slipped 12.6%.

The state's online gambling industry brought in $22 million in revenues in January, up from $18.8 million the year before. The land casino industry slipped though, as revenues were $162.4 million, down from $185.9 million last year. Slot machines hauled in $109.6 million, while table games brought in $52.8 million.

Gambling as a whole in the state was $184.3 million, which was down 9.9% from January 2017. The state hauled in tax revenues of $15.2 million for the period.

New Jersey's online gambling market is considered a template for other states looking to legalize online betting. It's brought in a bunch of revenue to the struggling land casinos, often mitigating the losses in revenue that the resorts are seeing.

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bgsharpe
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24 February 2018 - 2:44pm
#1

Yes, not a surprising figures I believe, these a global tendencies and of course and it's valid for the NJ gambling too that there is a drop in revenues for the land based business and continuing growth in the online aspect of it.

idbossulo
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24 February 2018 - 3:44pm
#2

I think users from NJ got some better promotional offers from other users, I see some sites gamble NJ and compare it with COM platform very different on bonuses and other interesting promotions.