All signs point to another banner year for New Jersey online gambling.
Earlier this month, the New Jersey Division of Gaming Enforcement released the state’s 2017 revenue numbers for online gambling. The data showed that the state pulled in nearly $250 million in revenue and saw its revenue grow year-on-year for the fourth straight time.
Breaking down the numbers in NJ online gambling
There are no signs that the ever-increasing chip stack that is NJ online gambling revenue will shrink anytime soon.
This year’s $245.6 million in revenue represented an increase of 12.92 percent over 2016. Online casinos anchored that growth, seeing a 15.6-percent jump, a jump that balanced out the 7.82-percent revenue loss in online poker.
This year’s revenue total is a new high, eclipsing 2016’s $196.7 million and 2015’s $148.9 million. Percentage-wise, that’s a 24.8-percent increase and a 64.9-percent increase, respectively.
In addition to impressive year-on-year gains, 2017 saw the NJ online gambling industry post gains month-on-month; the state earned more in each month than they did in 2016.
These numbers are encouraging but not surprising. This past year marked a rebirth of the casino industry in Atlantic City, with seven casinos maximizing their presence in the state and raking in more revenue than ever.