New Jersey Online Gambling Income Drops for First Time

New Jersey Online Gambling Income Drops for First Time

New Jersey’s Atlantic City casinos saw online gambling revenues fall for the time that is first April. (Image: Atlantic-City-Casino.com)

While the revenues from New Jersey’s emerging gambling that is online have now been tiny, most observers have actually remained positive about the long-term leads for Internet gambling in the state. After all, considering that the launch of the websites in November of last year, online casino and poker games have brought in more and more money each month, suggesting that steady growth might be expected for quite a while.

But that streak is now at a conclusion. Online gambling revenues were down somewhat for New Jersey in April, dropping to a total of $11.4 million for the month. That’s in regards to a half-million less than in March, whenever web sites introduced $11.9 million.

The main reason because of this is the fact that April had one less day than March. But that doesn’t tell the story that is whole the average take daily was also down very somewhat, dropping from $383,173 in March to $380,958 in April.

This uses strong gains in recent months. Both January and March saw double-digit monthly gains over previous months, while even February the month that is shortest of the year saw a nine percent increase over January.

Good Weather, Payment Issues Cited

Officials cited reasons that are possible the decrease, while remaining upbeat about the near future of on the web gambling in theContinue reading