The online gambling market in New Jersey has been off to a decent start, with good amount of revenues both in poker and casino games. The revenues continues to rise month by month and the state leader in revenue is Borgata and Party Poker, who has a massive 37% of the total market of the state.
“Borgata has been New Jersey’s land-based gaming leader for more than a decade, and is cementing its position as the state’s online gaming leader as well,” Keith Smith, CEO of Boyd Gaming said. He noted that their revenues had gone up 6% in March compared to February and reached record levels of $4.4 million in revenue.
But despite revenues going up in the online market with upwards of 15%, the overall gambling market in New Jersey is declining. March revenues fell 2% year-on-year and hit $233 million, showing that the state has lost some of its edge in the gambling market. Operators however does not feel that regulating online gambling is to blame for the lack of revenue and expects to reach the old levels soon.