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September 24, 2020

Online gaming accounts for 10% of AC's casino revenue

New Jersey's regulated online casino market hits new milestone in September

New Jersey's regulated online casino market hits new milestone in September
Online casinos generated USD 20.4M in September.
United States | 10/13/2017

The state's legal online casinos surpassed USD 20M in monthly revenue for the seventh consecutive month, according to analysts from PlayNJ.com.

O

verall, online casinos generated $20.4 million in September, according to figures released Thursday.

"Online gambling now accounts for some 10 percent of all casino revenue generated by Atlantic City casinos, which is a staggering total for such a young industry," said Steve Ruddock, lead analyst for PlayNJ.com. "The bottom line is that legal online gambling has become an incredibly competitive market with many winners, and that has undoubtedly been a boon for New Jersey."

September's total is down from the $21.3 million generated in August, but up 26 percent from September 2016. Online casinos generated $657,799 per day during the 31 days in September.

New Jersey's online casinos have generated $183.7 million in gross revenue through Sept. 31, putting the industry on pace to reach a quarter of a billion dollars in gross revenue this year, shattering the $196.7 million that the industry generated in 2016.

The industry also leaped past the $650 million milestone in September, collecting $661.3 million in lifetime gross revenue. In doing so, online casinos have generated $115.7 million in state tax revenue.

"Online gaming has been the proverbial rising tide for Atlantic City casinos," Ruddock added. "Once struggling, Atlantic City casinos are now the healthiest they have been in years, and the legal online gambling market has played a critical role in that revival."

Yogonet.com
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