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Online Gambling Revenue In New Jersey Breaks $10-Million Mark For February

Revenue Up Nearly Nine Percent Over January

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New Jersey online gambling revenue experienced a solid increase for the month of February, according to a state report issued this week.

According to the state Division of Gaming Enforcement, despite three fewer calendar days, Internet gaming win increased 8.9 percent, from $9.5 million in January 2014 to $10.3 million for February 2014. Internet gaming win per day was $368,110 for February 2014, a 20.6-percent increase from $305,195 per day in January 2014.

The state also said that as of February 28, 248,241 Internet gaming accounts were created since the beginning of soft play on November 21, 2013, up 25.5-percent from the 197,782 accounts as of January 31, 2014.

Online casino games other than poker brought in revenue of $7.2 million, which was a 20-percent increase. Poker was responsible for $3.1 million, a 10-percent decrease.

The February revenue breakdown per web gambling operator is as follows:

Borgata, $4,085,444, Caesars, $3,335,470, Tropicana, $1,345,138, Trump Taj, $587,323, Trump Plaza, $493,590, Golden Nugget, $460,121.

Despite strong online gambling performances, overall gaming revenue in Atlantic City fell 1.5 percent in February year-over-year. The state factored in that there was one fewer casino in Atlantic City in February 2014. The Atlantic Club Casino Hotel closed in January.

February 2014 saw gaming win of $209.4 million, compared to $212.3 million in February 2013.

Atlantic City casinos have been slumping since 2006.

New Jersey authorized online gambling in 2013 in an effort to prevent more casinos from closing. It remains to be seen if it will be a savior.

In addition to New Jersey, Nevada and Delaware both have operational web gambling.