New Jersey online gambling revenue hits $245m in 2017

New Jersey’s regulated online gambling market revenue rose by nearly one-quarter in 2017, adding nearly a quarter-billion dollars to Atlantic City casinos’ balance sheets.

Figures released Friday by the New Jersey Division of Gaming Enforcement (DGE) show state-licensed online gambling sites generated revenue of $20.75m in December, the tenth straight month in which the market has exceeded the $20m threshold.

December’s tally was up nearly 13% from December 2016 but failed to eclipse the market’s $21.7m peak last March. As always, the poker vertical acted as a net drag, falling 7.8% year-on-year to $1.94m, while casino revenue shot up 15.6% to $18.8m.

For the year as a whole, total online revenue jumped 24.9% to $245.6m. Here again, casino proved the revenue engine, rising 30.1% to $221.35m, while poker declined 8.5% to $24.25m.