N.J. August online gaming revenue growth
September 18, 2014
The Garden State is enjoying a great moment right now after publishing the figures for the last month of August. New Jersey, one of the main gambling states in the US since the early 1920s, has been always the gambling market to study so we can understand the US gambling industry. As many wrong guessed, the online gambling industry has brought nothing else but good figures to both land-based and online markets. The online industry is being one of the main supports for the land-based market as, promotions and many tournaments for land-based casinos and poker rooms in New Jersey are using the online media channel, the online casinos and poker rooms.
August seems to be the second month that New Jersey’s figures from online gambling are growing. The New Jersey Division of Gaming Enforcement recently announced that online gaming market in New Jersey has been able to generate $10.5 million in revenue during the last month of August. July brought also good figures, around $10.1 million. Online poker rooms have been able to put together around $2.3 million during this last month of August, a 5% growth over the previous month of July. The other online casino games were the ones who really pushed the envelope up to $8.3 million, practically the 80% of the online gaming revenue for the month of August.
The leadership is still in the hands of the Borgata Hotel Casino & Spa, Party Poker and its internet poker operator Bwin.Party, generating $3.5 million. Caesars Interactive NJ is following them very close behind with $2.7 million. Tropicana is holding the third position in this ranking with $2.3 million. It is very relevant that the online poker rooms are still being the ones to generate $21.1 million of the total revenue, while other land-based casino online games have been able to generate $62.6 million.