New Jersey online gaming win hits all-time high in April

New Jersey Online
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Online casinos in the state of New Jersey secured a record win of $17m (E15m) from gamers in the month of April – a 33.8 percent leap up from last year’s total of $12.7m (E11.2m).

Revenues from peer-to-peer poker reached $2.6m (E2.3) during the month, up 30.4 percent from $2m (E1.77m) in April 2015. The total was bolstered by the presence of Amaya-owned PokerStars, which entered New Jersey on the 21 March. According to legislators, PokerStars now accounts for 46 percent of the online poker market in the State.

Borgata, Caesars Interactive, Golden Nugget, Resorts Digital and Tropicana – the five online casinos in New Jersey – each won more than $3m throughout the month. Borgata secured the highest takings of $3.98m (E3.5m), while Resorts Digital showed the biggest year-on-year growth, from $0.21m (E0.19m) to $3.48m (E3m).

Interactive gaming win has been consistently climbing the State for several months, with the last record being broken in March when casinos topped the $15m (E13.25) mark for the first time.

Total online gaming win for the first four months of the year increased by 29.8 per cent to $61.9m (E54.7), while total gaming win totalled $812.8m (E717.8m), up 4.4 against the same period in 2015.

For the month of April 2016, total gaming taxes – comprising eight percent of taxable casino gross revenue and 15 percent of iGaming gross revenue – amounted to $17.1m (E15.1m). In addition, the industry incurred $2.9m (E2.6m) in reinvestment obligations with the Casino Reinvestment Development Authority.

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