New Jersey Internet Casino Win Grows 17 PercentOnline Casinos Generate $22M In Revenue Last Month |
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The New Jersey-controlled online casinos have started out this year with a bang.
According to figures from state regulators, the internet betting industry in the Garden State generated $22 million during February, an increase of 17.5 percent compared to the $18.7 million won from the gamblers in February 2017. Through the first two months of 2018, internet gaming revenue of $44 million was up 17.1 percent compared to the $37.5 million won during the same period a year earlier.
As has been the trend for many, many months, the house-banked online casino games carried the industry. More than $40 million of the $44 million in early 2018 revenue came from games other than peer-to-peer, traditional online poker. That figure represented an increase of 21.8 percent compared to the first two months of 2017.
On the flip side, New Jersey’s online poker sites generated $1.7 million last month and have raked $3.7 million so far this year. Both figures were roughly 18 percent declines year-over-year.
The Golden Nugget casino in Atlantic City was largely responsible for the upticks in overall internet gaming win. That casino generated $15.1 million from its real-money internet gambling operations through February, a whopping 52.6 percent increase year-over-year.
The Borgata was no. 2 during the first two months of 2018. That casino had $7.9 million in internet gaming win, up 5.7 percent. Resorts Digital saw its revenue grow 23.3 percent to $7.6 million. Tropicana’s revenue of $6.6 million was up 4.5 percent.
On the flip side, Caesars Interactive NJ, which owns the famed World Series of Poker brand, had win of $6.5 million. That was down 13.1 percent year-over-year.
Brick-and-mortar gambling in Atlantic City still dwarfs online play, but that gap is shrinking.
New Jersey’s seven gambling dens generated $332.4 million from their gaming floors through February, nearly 11 percent less than what was won last year.
State officials are hoping that sports books, both online and located within the casinos, can help Atlantic City grow its gambling market.
The start to 2018 has been relatively surprising considering that 2017 overall gaming revenue of $2.65 billion was an increase of 2.2 percent compared to 2016. Gaming revenue of $2.6 billion in 2016 was the first year-over-year increase for the seaside gambling town in a decade.
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