New Jersey Online Casinos Breaking Records

Published Friday, April 14, 2017 -
New Jersey Online Casinos Breaking Records

Considering the online gambling industry has been around for a relatively short time it has had a tremendous impact on economies all over the world. Not only is the internet gambling industry a high tech and in many ways a clean business it employs thousands and contributes greatly too many social programs that without betting proceeds would not exist.  

One jurisdiction in the USA that introduced online gambling a while ago was the Garden State of New Jersey which has recently announced it has been doing very well with the offering.

The month of March 2017 has set new revenue records for the state with The New Jersey Division of Gaming Enforcement announcing that $21.7 million (€20.3 million) in online gambling revenue was realized in the last month. It appears that online gambling has matured in New Jersey with these numbers surpassing the previous record of $18.8 million established in January 2017. The calculation is a 40.2% year-on-year increase on the $15.5 million posted in March of the previous year. This is very encouraging for the coffers of the State.

New Jersey has been trying to have legalized sports betting included in the offering but has been unsuccessful thus far. Internet gambling first quarter revenues were up 32.1 percent to $59.3 million USD since the same time last year in 2016.

Offline casino revenue in March was around $200.1 million, up 6.7% on the $187.5 million posted in the corresponding month from last year. The total gambling win in the jurisdiction for March came to $221.9 million, up 9.3% on last year, while in terms of year-to-date, the total stands at $631.9 million, an increase of 5.7% over the previous year. While stats are improving in New Jersey the prospect of a possible prohibition of all legal online betting in America is present with the new Trump administration in charge.



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