Division of Gaming Enforcement March 2016 Monthly Revenue Report Generated for Online Gambling in New Jersey
Based upon filings with the Division of Gaming Enforcement, the New Jersey revenues for the month of March have been released, and from the figures the month broke a new record for its year-on-year revenues. The New Jersey Division of Gaming Enforcement confirmed that following the launch of PokerStars last month the garden state seen an increase of 17.8% which amounted to $15.5 million. Last year the NJDGE posted $13.2 million for generated revenues for the month of March.
The NJDGE also reported that with March revenues included with the first two months online gambling wins are spiked by 27.7% with $44.9 million figures. PokerStars launched last month and it was projected that it would help boost the revenues, and so far the projections were correct. Online poker was up amounting to $2.5 million, $2.2 million in March 2015. Peer-to-peer poker shown a small increase of 0.5%.
Even though online gambling seen an increase, the state suffered a decrease with its land-based casinos dropping from $190.7 million to $187.5 million which led the total gaming revenues to drop 0.4% from $203.9 million to $203 million. Time will tell if PokerStars was a good match for the garden state as each month goes by and monthly revenues are released.