NJ enjoys online growth, but casinos slump

NJ enjoys online growth, but casinos slump

Friday, September 18, 2015 Totally Gaming
NJ enjoys online growth, but casinos slump

New Jersey registered a double-digit year-on-year rise in online gambling during August, despite another month of woe for land-based operators.

The New Jersey Division of Gaming Enforcement (NJDGE) said that revenue from online gaming during the month amounted to $12.2m (€10.8m), an increase of 15.8 per cent on the $10.5m posted in August 2014.

The year-on-year rise was greater than that experienced in July (8.1 per cent). However, revenue in August, compared to the $12.5m posted in the previous month, was slightly down.

The figures mean that New Jersey has taken $96.7m in total online gaming win in the first eight months of 2015, up 15.6 per cent on the same period last year.

Despite the ongoing climb in online gaming revenue, the NJDGE reported that the state’s land-based market is continuing to suffer. Total casino win for August came in at $246.4m, down 16.3 per cent on the $294.5m posted in the same month last year.

Slot machine win fell 14.6 per cent to $176.4m while table game win also slumped 20.3 per cent to $69.9m.

Yesterday, Bjorn Krantz, managing director of NetEnt Americas, outlined to TotallyGaming.com the digital gaming solutions provider’s push into New Jersey, having struck licence agreements this year with Borgata/bwin.party, Golden Nugget and Caesars Interactive.

At the end of August, NetEnt was also given a transactional waiver by the state's regulator to allow its game content to go live through the Borgata and bwin.party brands. 

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