New Jersey iGaming Enjoys Revenue Boost in March
According to a report recently released by the New Jersey Division of Gaming Enforcement, the New Jersey iGaming sector generated record revenue of $21.7 million during the month of March, which is an incredible 40.2% increase from a year earlier.
To put this into even bigger perspective, this figure was the highest ever posted since the state's first iGaming sites launched back in November 2013. Furthermore, March 2017 also marks the first month in which iGaming surpassed $20 million.
That said, it was online casino games that were responsible for generating the larger portion of the $21.7 million iGaming revenue. Online casino games revenue totaled to $19.5 million in March, up 49.4% from March 2016, compared to online poker which accounted for the remaining $2.3 million.
Of all the state's online gaming divisions, The Golden Nugget was the most profitable New Jersey iGaming operation, taking a 28.4% share in the local online gambling sector. This was followed by Tropicana at 20% and Resorts at 19.3%.
PlayNJ.com Senior Analyst Robert DellaFave stated that “Nearly three-and-a-half years since its inception, the train that is the New Jersey online gambling industry continues to cover steam. Every month the industry either flirts with or sets a new record for revenue.”