Published On: Tue, Mar 14th, 2017

Online gambling helps New Jersey to plus column

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New Jersey Road SignOnline gambling helped keep New Jersey in the plus column for the month of February but only just with a 0.3% increase in profits for the month. The New Jersey Division of Gaming Enforcement reported the results for February showing that the seven remaining casinos in the state had total profits of $205.3 million.

Without online gambling in the mix land based casinos would have suffered a fall of 2% for the month, which shows how important the sector now is for operators.

The big winners in online gambling were Resorts Digital up a whopping 131% and Golden Nugget up 66%.

Online gambling took in $18.7 million for the month which represents an increase of almost 27% from the same period in 2016.

“Online gaming represents a growth vehicle for the gaming industry as it attracts a new and younger demographic,” said Richard Schwartz, Rush Street’s president. “Plus, industry data shows that existing brick-and-mortar casino players, who subsequently become online players too, return more frequently to the brick-and-mortar casino and spend 15 percent more on the casino floor.”

 

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