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Online casinos in the state of New Jersey continue to do well, with February revenue reports showing $22 million generated for the month. With the massive earnings, the state saw an increase of just over 17% when it comes to online casinos in the state from February 2017, when $18.7 million was won from gamblers.
Gambling online is on the rise in New Jersey with no signs of slowing down. With January and February revenue totals combined, the state has earned $44 million. This is much more than what was earned during the same time frame in 2017, when just over $37 million was generated.
The online operator responsible for the majority of the online casino earnings for the state was of course, the Golden Nugget. The casino operator has seen great success online, with February earnings coming in at $7.9 million. This is more than the $7.3 million earned in January and more than 50% more than what was earned in February 2017. The Golden Nugget continues to dominate the industry and remains far ahead of the competition.
In total, online gaming came in at $22 million with casino and poker games combined. This is a close to 17% increase year-over-year and a more than 10% increase from January. Casino gaming came in at just over $20 million, more than 20% better than February 2017. Online poker was still short on earnings, with $1.8 million for the month. This was a big YOY drop of more than 24%.
While many in the industry worry that the iGaming market of New Jersey is becoming saturated, there seems to be no problem. February marks the 5th time that revenue has surpassed $21 million and for 12 months running, the state has seen online gambling revenues push past the $20 million mark.
If the state continues to see revenues at this pace, they could hit the $1 billion earnings mark by the end of 2018.
Source: European Gaming Media and Events