Tag: Online gaming revenue
New Jersey Online Gaming Revenue up 15% in March 2014
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…
Online gaming revenue in New Jersey up 9% in February
The growth of New Jersey’s Internet gambling market slowed somewhat in its third full month of operation, with the Atlantic City gambling websites posting a nearly 9 percent revenue increase in February. The 16 online gambling sites had posted a 28 percent gain in January, to $9.5 million. In February, the online sites won $10.3 million. The numbers released Wednesday by the state Division of Gaming Enforcement show the market starting to plateau. But Brian Mattingly, CEO of 888 Holdings, which partners with Caesars Entertainment to offer online gambling in New Jersey, is pleased with the fledgling market thus far….