New Online Gaming Revenue Record in New Jersey

State authorities revealed that a new online gaming revenue record in New Jersey was set in January.

New Jersey Division of Gaming Enforcement (NJDGE) confirmed that in January a new monthly online gaming revenue record in the Garden State was registered. The NJDGE recorded a $14.6 million (€13 million) internet gambling revenue in the first month of 2016, US gambling news report.

That is 26.5% more than it was a year ago ($11.6 million), and also higher than the previous online gaming revenue record in New Jersey that was set in December 2015 with $14 million.

Despite the new online gaming revenue record in New Jersey, gaming declines

Though a new online gaming revenue record in New Jersey was set, NJDGE also revealed that total gambling fell back 3.8% to $190.1 million comparing to the amount that was registered a year ago.

The table games are the biggest losers among gaming types with a 13.1% downfall to $52.8 million. A decline in slot revenue was also recorded, 2.1% to $122.9 million. Total casino revenues fell back 5.6% to $175.5

Land-based and online gambling in New Jersey is legal with restrictions according to US gambling laws. New Jersey gambling laws are among the least restrictive comparing to other US states, but there is still some way to go to reach a liberalized online gambling market.