New Jersey Online Gaming Revenues Are Rising Steadily
Online poker and online gaming returned to the state of New Jersey in November, and though the number of accounts and amounts of revenue are not as encouraging as first thought they are starting to increase, with February showing the greatest increase yet.
The New Jersey Department of Gaming Enforcement (DGE) has today revealed the figures for February, with iGaming revenues reported at $10.3million, which is a 8.9% increase on the previous months figures. These figures may not seem great at first, but when you consider that the regions land based casinos reported a decrease of 6.2% for the same period the iGaming figures are more than holding their own.
The Borgata are leading the way in the iGaming stakes with $4.09million in revenue for February, closely followed by Caesars who reported revenues of £3.34million for the same period. Also the DGE reported that the region of New Jersey now has 250,000 active internet gambling accounts, with these figures being correct to the end of February.
The figures may not be spectacular or breaking any records as yet, but they are extremely encouraging and ones that state officials will no doubt be pleased with given the slow start at the end of last year., though they are still some way short of the predicted $1billion that was forecast back in November.