Three Years In, New Jersey Online Gambling a Win

Though far below inflated predictions for revenue when first introduced, New Jersey’s online gambling sites have been a steady source of revenue as online gambling in the state has reached the three-year mark. The state’s sites, led by Borgatacasino.com (l.), have taken in $440 million and the state has made $66 million in taxes.

Online gambling in New Jersey has just celebrated its three-year anniversary and to date, it’s been pretty much a win for the state.

According to an analysis by USPoker.com, the state’s sites have taken in $440 million and the state has made $66 million in taxes.

The state’s first online sites went live in November 2013. Sites are teamed with Atlantic City casino and have seen a steady increase in revenue.

According to PlayNJ’s online gambling revenue tracker, here are the top-line numbers for the different partnerships in the state, through October of this year.

Operator                                    Total Gaming Win

Borgata / PartyPoker NJ              $133,215,454

Caesars / Harrah’s / 888            $99,500,424

Tropicana / Virgin                      $87,057,767

Golden Nugget / Betfair             $83,284,502

Resorts AC / PokerStars             $39,274,386

New Jersey has collected more than $66 million in tax revenue since November of 2013.

Most of the revenue, however, has come from online slots and casinos games as online poker has lagged behind. Online poker has brought in just $112 million over three years.

The revenue from online casino games has consistently risen month to month and total $329 million over three years.

In the early days of online gambling, the Borgata led the way but the Golden Nugget has taken over the lead this year. Golden Nugget accounted for 25% of the total online gambling revenue generated in the entire market during October, according to USPoker. The state took in about $14.3 million from online gaming in October.

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