The New Jersey Division of Gaming Enforcement has released the latest figures for the online gambling industry, which shows the state has seen a nice increase with year-on-year totals. For the month of January, online gambling revenues reached $14.6m, which is a 26.5% increase from January of 2014. The numbers equal a new revenue record for New Jersey’s online gambling industry.
The poker industry of New Jersey continues to be lacking by way of earning revenues but the online casino side tends to pick up the slack. For January, the online casino gaming revenues were up 34.6%, earning just below $12.5m. Online poker earned $2.15m, with revenues dipping below 6.4% than January of 2014.
Top earner, as usual, was the Borgata Hotel Casino & Spa, the market-leader who took in $4.6m, which was a nice increase from the January 2015 earnings of $3.8m. Borgata’s online casino gaming earned the majority of the revenues, at $3.4m with poker decreasing to $1.2m.
Caesars Interactive Entertainment saw a 16% increase in online gaming revenues year-on-year, earning just over $3.2m. Online poker contributed only $952,000 while online casino gaming generated $2.27m, a 29% increase from January 2015.
The Tropicana saw a 14% increase in online casino revenues, with $2.9m in earnings while the Golden Nugget earned a total of $2.5m. Resorts Digital Gaming only earned $1.43m, with no comparison in 2015 as the site was not operation. But comparing figures to December 2015, shows a 10% increase.