New Jersey Sees Decrease in Online Gambling Revenues

Posted: May 15, 2014

Updated: October 4, 2017

As other US states get ready to launch into the online gambling market, gambling pioneer New Jersey’s figures are not the most encouraging after revenues fall in April.

After New Jersey, Nevada and Delaware were the first states to launch online gambling sites in the US in 2013, other states are set to follow suit.
The relaxation of the US gambling laws has meant that more states are looking to get a piece of the online casino action, but, is the novelty wearing off?
Recent figures for the US State of New Jersey have shown the first decline in April after the online sites went live at the end of 2013.

The figures show a $500k loss in the total revenue when compared to the month before, with online poker taking the largest fall, with a 20% decrease down to $2.6m.

New Jersey sees fall in revenues for the first time since online gambling launch

However, it’s not all doom and gloom for the online division in New Jersey, stats have shown an increase in revenue for online casinos, which has one up by $200k.
Certain companies are ruling the roost, like Borgata’s, which has seen earnings of $4.1m, which is down from $4.4m, and Caesars Interactive Entertainment, whose revenue fell from $3.7m to $3.05m.

While pessimists will jump to the conclusion that the New Jersey market has peaked and will only go down, supporters are quick to point that there has been a 10.6% increase in online accounts.

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