Online casinos in New Jersey hit revenue milestone
Online casinos in the state of New Jersey continue to strive as February’s revenue hit a whopping $22 million generated for the month – with casino and poker games combined. With these astronomical earnings, the state saw an increase of just over 17% for online casinos in the state from February 2017, when $18.7 million was won from gamblers.
Gambling online is rapidly becoming more popular in New Jersey and showing no signs of slowing down. With January and February revenue totals combined, the state has earned $44 million. This is much more than what was earned during the same time frame in 2017, since just over $37 million was generated.
The online operator credited with the majority of the online casino earnings for the state was the Golden Nugget. The casino operator has had incredible success online, with February earnings coming in at $7.9 million. This surpasses the $7.3 million earned in January and more than 50% more than what was earned in February 2017. The Golden Nugget continues to be the leading online casino in the industry and remains far ahead of any others.
The £22M is close to a 17% increase year-over-year and a over 10% increase from January. Casino gaming came in at just over $20 million, more than 20% better than February 2017. Online poker was still short on earnings, with $1.8 million for the month. This was a significant YOY drop of more than 24%.
Despite many in the industry being worried that the iGaming market of New Jersey is becoming saturated, there doesn’t seem to be an issue. February marks the 5th occasion that revenue has surpassed $21 million and for one year straight, the state has seen online gambling revenues surpass the $20 million mark.
If the state carries on at such a rate, they could reach the $1 billion earnings mark by the end of 2018.
The igaming market has taken the US by storm, with numbers rising all over the continent.