New Jersey Online Gambling Revenue Sees August Bump
New Jersey’s ever expanding online gambling industry saw a bump in revenue last month that was fueled by good numbers in the online casino sector. On the land-based side of the business, Atlantic City casinos saw a very small revenue boost and that’s what passes for good news in that always struggling gambling town.
Earlier this week, the New Jersey Division of Gaming Enforcement (DGE) released the August casino revenue numbers and the report was full of good news for online gambling operators. According to the report, the combine revenue from the Garden State’s regulated online gambling industry was $21.3 million. That’s up 38 percent over the same period in 2017. Of that $21.3 million, approximately $19.2 million was generated from online casino games, while just $2.1 million came from online poker.
The news from the online poker side was not, however, all bad. Revenue from that end of the business was up $75,000 over June, which posted a record low of just $1.73 million in online poker earnings.
Over in Atlantic City, where rays of financial sunshine are few and far between, there was a glimmer of good news in August. According the DGE, the seven remaining Boardwalk casinos posted $244.8 million in combined revenue. That’s down only 0.6 percent from August 2016 and that’s a really solid month for Atlantic City.
In a statement to the press, Matt Levinson, chairman of the New Jersey Casino Control Commission was optimistic about the August numbers saying:
We all know that summer is the crucial time for casinos, and a strong performance from Memorial Day to Labor Day is key to their success. When you see improvements like these month after month, season after season, a trend is clearly emerging. New Jersey’s operating casinos are getting stronger and healthier.
August was the sixth consecutive month that saw New Jersey’s online gambling industry post earnings above $20 million.