New Jersey Online Gaming Revenues Continue To Rise But Revenues As A Whole Continue To Fall

Posted by: CasinosOnline in Casino News

Since online gaming became legal in the state of New Jersey last year many people have been keeping a close eye on the monthly figures. Today the figures for March have been released and they have jumped an impressive 15%, but land based casinos revenues continue to fall with a 7% decrease in monthly revenues announced this morning.

Online revenues in New Jersey for March 2013 have been reported at $11.9million, an increase of 15% on the previous months figures. The online casino market accounted for $8.6million, up $1.5million on the previous month, with poker recording revenues of $3.2million, up from the $3.1million that was reported in February.

The leading business in New Jersey for online gaming is the Borgata Hotel Casino & Spa as they accounted for more than a third of all revenues for March with $4.4million being reported, a figure that is equal to a 37% share of the market. Revenues as a whole though continue to decline in New Jersey with $221million being recorded, a figure that is 7% down, with state revenues showing a 2% decreases compared to the same period as last year.

New Jersey state governors will be pleased with their online revenues as they continue to head in the right direction, but the figures for their land based casinos will no doubt be causing them concern today as they are continuing to fall at an alarming rate.