New Jersey Online Gambling Revenue Hits Record-High in December 2016Published January 16, 2017 by Elana K
New Jersey online gambling revenue hit a record-high in December 2016 - nearly $18.4 million.
New Jersey’s online gaming operators ended the year 2016 on quite a high note - a record-breaking high note. Online gaming revenue in December 2016 neared the $18.4 million mark, $1 million more than the previous record, which was hit in July, and 31% more than the revenue earned in December 2015.
The Golden Nugget did a lot to contribute to this record high - it brought in $4.79 million, almost $1.9 million more than it did in December 2015. This is the third time in the past four months that the Golden Nugget has out-earned its competitors, and it now holds the record for highest monthly income earned by any New Jersey casino operator.
Borgata Casino’s online sites came in second-place, with a revenue total of $3.71 million in December. On the surface, the numbers are not bad, but when compared with December 2015, it shows a 6.5% decrease.
On the other hand, Caesars Interactive came in third, with a not-too-shabby revenue of $4.66 million, up 18% from December 2015.
Overall, 2016 Was a Good Year for New Jersey
When online gambling launched in New Jersey in 2013, it got off to a bit of a rocky start. But the state’s operators seem to have hit their stride in 2016, with consistent increases and an overall revenue of $196.7 million - a 36% increase in casino gaming and an 11.3% increase for online poker.
Taking on 2017
Donald Trump hasn’t even been sworn in yet, but speculations are abounding about what his take on online gambling will be. His nominee for Attorney General, Jeff Sessions, has come out swinging against online gambling, and has openly voiced his criticism for the 2011 interpretation of the DOJ Office of Legal Counsel that made it legal for individual states to regulate online gambling.
But New Jersey is not going to take this lying down. State Senator Raymond Lesniak has said that online gambling is "critical" to the state of New Jersey, and should Sessions try to stop it, New Jersey will slap a lawsuit on him “in a heartbeat.”
So while the future is unsure as of now, it’s good to know that New Jersey will not allow its right to be steamrolled, especially when its online gambling endeavor continues to bring in high profits.