New Jersey Tops Previous Online Gambling Revenue
New Jersey’s attempt at fully legalizing sports betting has hit a snag, but there is at least some other positive news in the gambling spectrum in the state.
New Jersey Profits
Per reports, New Jersey has topped it’s previous record for online gambling revenue in the past month, with it’s best numbers ever in July.
A down summer poker market couldn’t even slow New Jersey’s online gambling earnings, as reports have a spike showing in July.
New Jersey breaks online gambling revenue record despite PokerStars’ worst month https://t.co/Wu3WHc9KlF
— Calvin Ayre (@CalvinAyre) August 13, 2016
Per CalvinAyre.com, figures released from the New jersey Division of Gaming Enforcement suggest the online gambling market produced roughly $17.4 million in July, which shows a 38.6% increase over July of 2015. In addition, the recent numbers show a $1 million improvement from the market report this past June, as well.
New Jersey isn’t just topping their online gambling revenue in July or past months from this year – they’re besting their top revenue ever.
Per reports, July’s numbers also rose up over New Jersey’s previous high of $17 million, which was recorded back in April.
The most interesting aspect of New Jersey’s online growth is that it’s come over a short amount of time, with Amaya Gaming’s PokerStars online poker site only going live in April of this year.
Poker has dwindled in activity over the summer, but there is still serious optimism for a big swing to come in the near future. The PokerStars site has also at least dominated the online poker scene in the state, raking in $754,000 in July alone. While online poker did dip down $24,000 from the previous month, the industry continues to thrive, overall.
Added to New Jersey’s general land gambling totals ($245 million in July of 2016), New Jersey has overall seen a big spike in gambling ($257.5 million in total), which comes out to a strong 6.9% rise from last year.
Given the strong run despite the mild poker lull, New Jersey is set to chase even bigger numbers going forward. More options in the online poker realm could help trigger that, especially with The Golden Nuggets launching their online live dealer this week.
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