New Jersey online casino revenues keep growing
According to data provided by New Jersey gambling regulator, online gambling shows signs of significant growth for five months already. Compared to last year, June 2017 GGR index increased by 18, 5%, which is $20, 6 million cash.
By reference to Casino City Times edition with links to the analytical company PlayNJ, starting from the moment after the industry had been legalized (November 2013) up to July of the current year, the GGR reached $619, 4 million.
During the monitored period, the budget of New Jersey gained around $108, 1 million. Taxes out of gambling in June of 2017 account for $3, 6 million. Just for the first half of the year this sector generated 26, 6% ($142 million) more than last year.
As for the sector of land-based casinos, this area of business showed contra revenue in July having decreased by 4% to $247 million. The total revenue of land-based casinos has also decreased by 2, 7% during the year.
Please note: New Jersey has all chances to become the American flagman in online gambling, if Senator Raymond Lesniak (American Democratic Party) introduces changes to current legislation. The said executive suggests that the State party introduce amendments to the law on online gambling aimed at abolishing the mandatory hosting of servers belonging to gambling companies on the territory of Atlantic city. In such a manner gambling markets will become available for licensed gambling operators all over the world.
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