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New Jersey Narrowly Misses Online Gambling Record

State's Internet Casinos Turn In Stellar August

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Online gaming sites operating in the state of New Jersey won a combined $21.3 million from gamblers in August, according to figures released last week by government regulators. The amount was off slightly from the record $21.7 million won in March.

Last month’s performance was the best month for the industry since the record-setting March. In a year-over-year comparison, the revenue was up 32.4 percent from the $16.1 million won in August 2016.

Through the first eight months of the year, Garden State-sanctioned internet betting firms and their brick-and-mortar casino partners won $163.2 million from players, up 27.3 percent compared to the same period last year.

The growth has been led by the house-banked games, which have accounted for $146.6 million of the January-to-August revenue, up 33 percent year-over-year.

The revenue has helped the state’s overall casino gaming market recover from a decade of declines. Through August, Atlantic City won $1.80 billion from gamblers across all the games, up 2 percent compared to the $1.76 billion won in the prior period.

The strong August result for web gambling was due in part to the launch of MGM’s branded online casino. MGM, which owns Borgata, saw online gaming revenue grow 15 percent last month to $4.29 million. Through August, online gaming under the Borgata umbrella was down 2.8 percent.