There has been  reported growth for New Jersey online gaming for the month of February. Internet gaming win last month in the US state amounted to $22m (€17.8m), which is 17.5% more than in February last year. However, official figures from the New Jersey Division of Gaming Enforcement also show ongoing losses in the state’s land-based market. Casino win in February came in at $170.1m, down 8.9% on the $186.6m posted in the same month last year, but an improvement on $162.4m in January of this year. You can find more about the growth of New Jersey online gaming at…

Charlotte Observer – Since New Jersey began Internet gambling in November, it has been difficult to use a credit card to fund an online betting account. New statistics from a company that routes those payments show just how hard it has been. CAMS LLC told The Associated Press on Tuesday that credit cards are being accepted from New Jersey gamblers between 42 and 46 percent of the time. It receives online payments from the Borgata Hotel Casino & Spa, which has the largest share of the state’s online market, as well as from the Trump Taj Mahal Casino Resort and…

New Jersey online gaming brought in 15 percent more from online gambling in March over the previous month, but it wasn’t nearly enough to offset the diminishing revenue from Atlantic City’s long-struggling brick-and-mortar casinos. The state Division of Gaming Enforcement reported Monday on casinos’ gambling winnings in the latest edition of a monthly report where the news has been mostly discouraging for years. Online gambling, which was launched in November as the latest hope to reverse Atlantic City’s fortunes, hasn’t brought in the revenue that was expected. But it has grown each month. In March, the casinos won $11.9 million…

Bloomberg – Revenue from online gambling in New Jersey has failed drastically to reach expectations, even if industry observers won’t call it a bust after just five months. New Jersey’s state treasurer estimated last year that legal online gambling would net Atlantic City casinos as much as $1.2 billion in its first year—bringing in roughly $180 million in tax revenue for the state. After the floodgates opened last November, those numbers have been revised dramatically, to a mere $34 million in tax revenue for the fiscal year ending June 30, climbing to $55 million the following year. “It’s the beginning…

Press of Atlantic City – More than four months after the launch of Internet gambling in New Jersey, operators in the developing industry are approaching their first deadlines for creating jobs in the state. Regulators are requiring that by May 1, all platform providers base their teams working on customer service, fraud detection and accounting in New Jersey. Rather than the gambling industry jobs of the past, which included cocktail servers, dealers and other service and hospitality positions, the jobs of the future will be more technical, dealing with activity from behind computer screens. Exact numbers of how many Internet…

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’…