New Jersey Online Gambling Income Drops for First Time

New Jersey’s Atlantic City casinos saw online gambling revenues fall for the first time in April. (Image: Atlantic-City-Casino.com)
While the profits from New Jersey’s emerging gambling that is online happen tiny, most observers have remained upbeat about the long-term prospects for Web gambling in their state. Each month, suggesting that steady growth could be expected for some time after all, since the launch of the sites in November of last year, online casino and poker games have brought in more and more money.
But that streak is now at a finish. Web gambling revenues were down slightly for New Jersey in April, dropping to a total of $11.4 million for the month. That’s of a half-million less than in March, whenever sites introduced $11.9 million.
The main reason with this is April had one less day than March. But that does not tell the story that is whole the average take daily was additionally down extremely somewhat, dropping from $383,173 in March to $380,958 in April.
This comes after strong gains in recent months. Both January and March saw double-digit monthly gains over past months, while even February the month that is shortest of the season 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 long run of on the web gambling in the state.
‘Maybe whenever the climate was good, the laptops got close Continue reading