New Jersey Online Gambling Enjoys A Profitable July

NEW JERSEY ONLINE GAMBLING ENJOYS A PROFITABLE JULY

13th August, 2016 at 08:06:10
Source: http://www.azonlinecasinos.com

Online revenues grow 38.6% year-on-year.

The New Jersey Division of Gaming Enforcement released its July 2016 figures Friday, reporting that online gambling continues to prosper, delivering revenues up 38.6% year-on-year of $17.37 million (July 2015: $12.53 million).

The online sector performed a million dollars a month better in July than in the preceding month, and the sector has set a new record, surpassing April's $17 million milestone.

On a year-to-date basis, the online component is up 32.6% at $112.2 million, with online poker rising 10.8% to over $15.7 million and casino up 37.2% at over $96.4 million.

Land gaming activity in Atlantic City delivered revenues of $245 million in July 2016.

Added to the online gambling contribution, total New Jersey gambling revenue for July 2016 was $257.5 million - a 6.9% year-on-year improvement.

Online poker was up 6.7% versus July 2015, delivering $2.01 million, only 11.5% of online revenue (July 2015: 15 percent), whilst online casino operations at $15.35 million were up 44.2% y-o-y contributed 88.5% of overall online revenue, up from 85% in July 2015.

Borgata-Party Poker led the online market with a 22.9% share, chased by Golden Nugget-Betfair on 21.3% and Caesars Interactive on 19.5 percent. Tropicana was fourth with 18.6% and Resorts-Pokerstars-NYX trailed on 17.6 percent.

From an online poker only perspective, Resorts-Pokerstars led the field with 37.5% of the market, followed by CIE-WSOP-888 on 32.3% and Borgata-Party Poker on 30.2 percent

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