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US – New Jersey online casinos surge as poker slides

By - 15 May 2015

New Jersey Division of Gaming Enforcement has said that regulated online gambling (including both poker and traditional casino table games) collected US$12.66m last month, up from $11.42m in April 2014.

The online casino sector generated $10.7m in revenue in April 2014. These numbers follow a historically profitable March 2015 and it appears legal, regulated online gambling in New Jersey is hitting its stride. The slide to the bottom continues for legal online poker in New Jersey revenues in April 2015 dropped 24 per cent compared to April 2014. If legal online poker ever returns to its previous form, New Jersey casinos will be positioned for massive revenue growth.

Casinos offering regulated online gambling have generated a total of $26.9m in taxes for the Garden State.

Taking over the top spot for casino gaming revenue, Golden Nugget revenues jumped 10 per cent from March 2015 to April 2015. Golden Nugget’s win came at a price. Tropicana slid 10 percent during the same period and Caesars saw declines in poker and casino gaming as well.

Despite revenues dipping slightly from March to April, Borgata maintains a firm grip on the overall revenue lead with $3.99m in total online gaming revenue.

“Golden Nugget’s strong performance proves that regulated online gambling provides an even playing field where operators can compete to offer consumers the best product, and reap the rewards for doing so,” PlayNJ.com Spokesperson John Darr said.

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