New Jersey iGaming Revenue Hits New High in 2015Published January 19, 2016 by Elana K
New Jersey recently released its numbers for iGaming in 2015 - and they are great.
New Jersey’s Division of Gaming Enforcement recently released its stats from 2015, and its numbers show that the Garden State has reached a new high; in fact, New Jersey’s revenue from online gambling has risen by 21% since last year, a very significant growth spurt.
New Jersey’s online gambling numbers have been showing steady growth throughout 2015; in December, online gambling operators brought in $14 million, 6% more than the $13.2 million that was earned in November 2015. This year’s total revenue from online gambling reached $148.8 million, 21% more than last year.
Poker is Still Problematic
Still, New Jersey fans of online gambling are optimistic; the overall numbers for 2015 are higher than the numbers posted from any other year. Additionally, New Jersey’s regulated online gambling sites paid over $2 million in taxes to the state, providing a huge boost to both the economy and budget. Supporters and lawmakers are hoping that 2016 will be an even better year.
Top New Jersey Casinos
Borgata brought in the most revenue of all New Jersey casinos, mostly from its online casino. Its year-to-year earnings are up, despite a 17% decrease in revenue from online poker.
Caesars is next in line, following the same pattern of bringing in most of its revenue from its casino, not poker. From 2014 to 2015, Caesars actually saw a drop in revenue of .2 million; despite its poor showing, the overall numbers of New Jersey weren’t hurt.
The Golden Nugget brought in revenue almost three times the amount it earned in 2014, a huge win for the casino and a huge cause for optimism.
The Tropicana also saw an improvement from 2014 to 2015, to the tune of a 45% increase. It’s no wonder New Jersey has posted such great yearly numbers.