Online Games in New Jersey Maintaining a Constant Strong Growth

New JerseyThe internet gaming industry of New Jersey continues to rise high in terms of growth for continuously two months in spite of the fact that the overall revenue of the industry experienced a decline.

The state gaming regulator’s latest figures show that the online gaming produced a gaming revenue of $20.8 million in the month of April this year and increased from $27 million during the same time the previous year.

Till now, there is a total earning of $80.1 million which is approximately 30 percent higher than what it recorded in past year. The land-based casinos generated revenue of $190.9 million which showed a decline of 3.6% in April last year.

The total games won across online and live formats in the casinos of Atlantic City was more than $200 million and showed a decline of 1.6% as compared to the figures in April 2016. The company experienced the decline in the three months. Matthew Levinson who is the Chairman of New Jersey Casino Control Commission has said that it is the characteristic of the industry to experience downfall and one should not worry about it.

The total gaming win for the first quarter was $843.6 million which showed a growth of 3.8% over the same period last year and it is primarily because of the online gaming. Out of the total revenue earned last month, the casino will pay a tax worth $17.1 million to the state. The gaming taxes have been levied at 8% by New Jersey on casino gross revenue and 15% of online-based gaming gross revenue.

The performance of the online casino games is far better than the online poker. The online casino games generated a revenue of $18.85 million with 31% growth as compared to last year. Unfortunately, the revenue from online poker declined by 24% to a revenue of $2 million. From the start of this year, there is no improvement in the revenue of online poker games. The total revenue for this year till now is $8.7 million and it is a drop of 5% over the same period last year where the revenue was $9.2 million.

PokerStars made an entry in the casino market in March last year but till date, it has failed to offer any substantial results. In order to enhance the performance as per industry levels, player pool sharing between jurisdictions is important.

As per the data released by New Jersey Division of Gaming Enforcement (DGE), Global Nugget Casino is the top earner with a total revenue of $5.4 million and it is followed by Borgata Casino with $4.2 million revenue. Although, the month-to-month earnings of both these casinos declined but showed a growth on annual level.

It is to be noted that Golden Nugget registered a comprehensive growth as compared to its performance last year where it recorded an overall hike of 63%. Tropicana Casino was placed 3rd on the list with a revenue of $3.94 million and it registered a growth both monthly and annually.

Jay Stevens

Jay Stevens

Hi, my name is Adam Jay Stevens. Welcome to Top10-CasinoSites. Explore the online casino world with my site.

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