New Jersey I-Gaming Win Up 19 Percent In MayOverall Online Gambling Revenue Stays Strong |
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As neighboring Pennsylvania moves toward legalizing and regulating online gaming within its borders, New Jersey keeps on recording big months for its roughly 18-month-old web gambling industry. New Jersey’s growth could motivate wait-and-see states.
According to figures released by New Jersey gaming regulators, web gaming revenue in the Garden State was $12,474,586 in May, an increase of 19.1 percent from last May’s $10,469,933.
Year-to-date online gaming revenue in New Jersey is $60,305,510, up 12.6 percent from the same period in 2014.
While overall web gaming revenue is growing steadily in the Garden State, Internet poker play is not. Revenue from online poker was $1,928,106 last month, down from $2,273,657 in May 2014.
The 15.2-percent drop has a silver lining though. It’s the smallest online poker decrease so far this year. All previous months had greater than 20-percent declines year-over-year for I-poker revenue.
From January to May of this year, online poker revenue was $10,486,105, down more than 28 percent from last year’s $14,627,633.
Despite strong Internet gaming revenue, lawmakers in New Jersey are considering allowing casinos outside of Atlantic City.
New Jersey began regulated online gaming in late 2013 in hopes of helping Atlantic City.
Amaya Gaming, the owner of Full Tilt and PokerStars, said recently that it is still on track to be licensed in New Jersey this fall. PokerStars has more traffic than any other poker site in the world, though New Jersey residents couldn’t play against players located in other jurisdictions. Regulators could eventually make that happen, however.
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