New Jersey breaks online gambling revenue record

Published by CasinoTopsOnline on August 22, 2016 in Industry News

New Jersey online gambling revenueFigures recently released by the New Jersey Division of Gaming Enforcement (DGE) have revealed that the online gambling market generated a little under $17.4 million in July. This is a massive 38.6% higher than in July 2015 that generated a mere $1 million more than the market reported in June.

“Despite the poker number remain stagnant during summer time as players prefer to enjoy the outdoors, this revenue is a record-breaking number.”

The July figures also kicked the record figure of $17 million in April to the curb. April was the first month that was fully operated by Amaya Gaming’s PokerStars New Jersey site.

Poker patterns

Normal patterns stayed the same over the past few months with online poker gaining 6.7% year after year and went up to $2 million, the casino vertical also jumped 44.2% to over $15.3 million. Poker numbers rose by 6% from June even though they remained quite low. 

The market has gone up by 32.6% which adds up to $112.2 million since the beginning of the year. The casino industry increased up to 37.2% reaching a total of $96.4 million while poker rose by a mere 10.8% totalling in $15.7 million.

Borgata affiliated sites took the market lead with just under $4 million in combined poker and casino revenue. The Tropicana’s casino only site generated $3.2 million in revenue and Resorts Digital Gaming who recently partnered up with PokerStars earned $3.05 million from their combined poker and casino revenue.

PokerStars reached an all-time market low when July earnings totalled only in $754,000 which is about $34,000 less than the previous month. This isn’t slowing them down and they are still known as the top poker operator online.

Despite July being considered PokerStars worst month, New Jersey is celebrating the fact that they managed to break their online gambling revenue record.