USA Online Gaming Regulation News Round-UpPublished April 24, 2014 by OCR Editor
Hopes rise as both Delaware and New Jersey report revenue increases between the months of February and March.
Delaware Revenue Increases
Delaware, one of the three states in the USA to have passed online gambling regulations, has seen a steady increase in their gambling revenues over the past few months. This is especially significant given that between New Jersey and Nevada, Delaware is the least populated state and has thus faced the biggest trials.
The Delaware Lottery reported that the state brought in more than $206,000 in the month of March, $84,391 of which was generated through online poker. In February, the state's total online gaming revenue was just $166,454; $73,971 of which was generated from online poker. While these numbers might seem negligible when compared to those of New Jersey and Nevada, the main thing is that the numbers are rising; this is the true measurement of success.
Delaware and Nevada recently entered into an agreement that would allow interstate action, with room for other states to join should they also pass online gambling regulations. The hope is that by sharing their pools of players, both states will see an increase in overall revenues.
New Jersey Revenue Increases
The New Jersey Division of Gaming Enforcement released the March 2014 revenue report, and while the numbers did not reach expectations, there has been 15% increase since February, which is good news.
Leading the way is the Borgata and Party Poker team, which earned almost $4.5 million in revenue. Keith Smith, President and CEO of Boyd Gaming, commented, "Borgata has been New Jersey's land-based gaming leader for more than a decade, and is cementing its position as the state's online gaming leader as well. We continue to see solid growth in online casino gaming, and are working to further strengthen our poker business."