New Jersey Online Gambling Revenue up 28% in January

The Division of Gaming Enforcement has announced that New Jersey online gambling revenue gross win increased by 28% on a month-on-month basis during January 2014.

New Jersey’s online gambling industry generated a total of £9.5 million (€6.9 million) during January, a significant increase on the $7.4 million achieved in December 2013.

The Borgata Hotel Casino & Spa proved to be the most successful of Atlantic City’s casinos in the online gaming market, having generated a total of $3.9 million in January. In comparison, Golden Nugget Atlantic City was the least successful with just $286,922 in online gaming revenue.

In addition, the regulator also reported that as of January 31, a total of 197,782 online gaming accounts had been created since the beginning of soft play on November 21, 2013.

Despite the increase in online gambling activity, the state still suffered a drop in total gaming revenue on a year-on-year basis.

The New Jersey gambling industry generated a total of $195.7 million in January 2014, a 4.6% drop on the $205.2 million achieved in January 2013.

The regulator has put this total decrease down to a 9.2% decline in casino win, which it said was impacted by the closure of the Atlantic Club Casino Hotel on January 12, 2014.

The January figures reflect the state’s performance in 2013, in which it suffered a drop in total gambling revenue despite the introduction of online gaming. Read more about New Jersey online gambling revenue at iGaming Business.