Online Gambling in New Jersey: Is it Good for NJ? (Aug 2017)

Online Gambling in New Jersey: Is it Good for NJ? (Aug 2017)

The legal online casino industry in New Jersey, led by Golden Nugget and Resorts Casino, has generated over $100 million in tax revenues for the state since its inception in 2014. Let that sink in - $100 million, which goes into funding government programs for making the State even more great. But how do those numbers really break down, and how much money do the online casinos make?

NJ Online Gambling Revenue

In July 2017, NJ online casinos generated a combined $20.6 million in revenue, which is up 19% from July 2016. It's easy to see who the best online casinos in New Jersey are based on actualy handle or wagers (where the most people are actually playing). And right now it's clear that the best online casinos are from Golden Nugget and Resorts Casino

Overall, the casino industry in AC appears to be shrinking this summer, however there is good news for most casinos in their online gambling operations. $100 million in state taxes in just a few years is nothing to laugh at, and it's only a matter of time until online gambling in PA is legal, and other states being to follow New Jersey's lead.

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