New Jersey Closes In On $600 Million In Online Gambling Revenue Since Legalisation
New Jersey’s online casinos have now generated nearly $600 million in gross revenue since the online gambling was legalised and regulated in November 2013, according to analysts from PlayNJ.com. In June, New Jersey’s online casinos collected more than $20 million in gross revenue for the fourth consecutive month, propelling legal online casinos to $599 million in lifetime revenue.
New Jersey’s Monthly Internet Gross Revenue Report released Wednesday showed that legal online casinos generated $20.23 million during the 30 days in June.
Combined, New Jersey’s legal online casinos equate to the fifth-largest casino in Atlantic City in terms of gross revenue.
“The continued success of New Jersey iGaming shouldn’t be a surprise,” Ruddock said. “The synergies between online and land-based gaming are indisputable at this point, prompting casinos to step-up their commitment to iGaming. Frankly, it would be a dereliction of duty for an Atlantic City casino to not take full advantage of the many benefits online gaming affords.”
Also in June, New Jersey online casinos collected $3.54 million in tax revenue, and the Golden Nugget Atlantic City led all casinos with in $5.58 million in revenue.