New Jersey Online Gambling Posts Best Month Ever
After a couple years of middling results, New Jersey’s fledgling online gambling industry posted its highest ever revenue in November 2015. The impressive numbers, which were released by the New Jersey Division of Gaming Enforcement, are packed with tidbits that point to some genuine Garden State success stories.
The most important number from the November report is overall revenue from Jersey online casinos and poker rooms which clocked in at an impressive $13,222,543 for the month. That’s an amazing 51.2% increase over the previous year.
November’s good news comes on the heels of a very good October report that posted a then-record $10,950,532. In fact, this is third consecutive record-breaking month for Jersey igaming. (That November number is even more impressive given the fact that November has one less day in it than October.)
According to the report, the revenue increase was spread out fairly evenly between the online poker and casino sides of the business.
New Jersey Poker sites pulled in $1.95 million, which is up 4.3% over the previous month and 2.3% over the previous year. Some sources are suggesting that the boost was related to the World Series of Poker airing during the month. While that may have had an impact, the bigger trend in NJ poker is definitely pointing towards the positive.
The numbers on the casino side were even more impressive with total revenue clocking in at $11.2 million for the month. That’s up 64% over the previous year and 2.8% over the previous month.
Unfortunately, the good news did not carry over to the hard luck casinos along the Atlantic City Boardwalk. Brick-and-mortar casinos reported $204.3 million in revenue, a gain of 0.9% on the previous year.