New Jersey sees a 20% rise in betting income

Regulated online betting in New Jersey has seen a drastic increase in the month of December as well as the whole 2015 by over 20%. A report that was released by the Division of Gaming Enforcement on Wednesday indicated that income from online operators who are licensed by the sate recorded at $14 million in December. As compared to November when the revenue stood at $13.2 million, the report indicated a 6% growth. In relation to the total revenue generated in 2015, the report indicated that there was a 30.8% rise as compared to 2014. A 39% rise on revenue in year-on-year for casino vertical read at $12 million. Nonetheless, there was a drop in the poker income down by 3.6%.

In total, income generated in 2015 alone was recorded at $148.8 million. This was a 21% rise as compared to 2014’s income. 33% rise was also evident in the total online casino in the whole 2015 to record at $125 million in comparison to the one recorded in 2014. However, there was a slight drop in the poker revenue sector by 18% to stand at $23.8 million.

As the trend has always been, Pala combo/Bwin.party/Borgata had the mammoth share of the income generated in December at $3.96 million. From this figure, poker contributed $1.1 million whereas casino brought in $2.85 million. Total revenue accrued by Borgata was at $45.7 million which was a rise from 2014’s $44.3 million. This came despite poker overseeing a drop of 17%.

Caesars Interactive Entertainment on the other hand recorded December income at $3.1 million from which $2.23 million was from casino and $874k from poker. However, a drop in the 2015 year was recorded to $32.7 million from $32.9 million in 2014. This was as a result of the drastic decline of poker income from $13.3m in 2014 to $10.7 million in 2015.

The Golden Nugget casino had total December income at $2.87. Its total yearly income rose by nearly 300% to record at $31 million in 2015 from $10.8m in 2014. This was due to their amalgamation with the Betfair New Jersey.

Tropicana casino had December income at $2.8 million with yearly income rising by 45% to record at $32.8 million. Resorts casino Hotel on the other hand had December income at $1.3 million.

This article is published in: Financial Betting, News
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