2014 New Jersey Online Gaming Revenue Forecast

Herald Online – Fitch reaffirms its 2014 forecast for New Jersey online gaming revenues in the $200 million – $300 range as we expect meaningful sequential growth to continue throughout the year. The New Jersey gaming regulator reported $9.5 million in gross gaming revenue for the month of January, a 28% improvement from December’s $7.4 million. Although the January figure annualizes to only $114 million, we think the 10% sequential growth rate needed to reach achieve the low end of our estimated range is achievable. Several factors will drive sequential growth. The primary driver will be the ramp-up in players’…