New Jersey Online Gambling Earns $245.6 million in 2017
The online gambling industry in New Jersey is on the rise, and the latest figures tell the whole story.
The recently published report by DGS Media, the company operating NJOnlineGambling.com website, revealed the online gambling industry in the Garden State recorded $245.6 million in revenue during 2017, which represented a solid 24.9% increase when compared to $196.7 million grossed a year before.
Golden Nugget Atlantic City casino performed impressively, generating $68.5 million in revenue – 62.3% more than during the twelve months of 2016.
The casino‘s strong performance was cited by the report one of the major contributors to this full-year result, alongside a number of factors.‚
According to the DGS Media report, it could easily qualify as an understatement to say that Golden Nugget had a dominant year. The report commended the operator’s achievement in 2017 and emphasized its results could serve as the blueprint for existing and yet-to-be-launched online casino sites in the U.S. regulated space.
Industry Can Look Forward To Another Year Of Growth
The report also commended Golden Nugget’s decision to start accepting PayPal as a mean of payment, as well as the recent expansion of its Play SugarHouse online casino. This online casino stands out in the market by using social media feature and loyalty structures to earn bonuses.
According to information revealed by the report, a number of New Jersey casinos have expanded their offering by increasing the number of slot-style games and introducing new and engaging content that caught the attention of punters.
However, the report doesn’t believe the industry will be able to match 2017 results during this year, especially when it comes to revenue. The current estimates suggest a somewhat modest growth of 10.6% for a total of $244.8 million in revenue.