New Jersey suffers further online gaming revenue loss in October

The New Jersey Division of Gaming Enforcement has reported that the US state suffered a drop in online gaming revenue for a second consecutive month during October.

Online gaming revenue for October amounted to just under $9.5 million (€7.6 million), which is about $700,000 lower than the $10.2 million generated in September.

Prior to September, New Jersey had enjoyed two consecutive months of growth.

Borgata, in partnership with online poker brand PartyPoker, remains the state’s most successful online gaming operator after generating $3.2 million in revenue during October, slightly down on the $3.4 million posted in the previous month.

Despite losses in the online gaming market, the state was able to record a significant jump in total gaming win from current operators during the month.

New Jersey posted $207.2 million in total gaming win from current operators in October, a 19.3% increase on the $173.6 million achieved in the same month last year.

However, taking into account discontinued operators, the total industry figure for the month fell 4.4% year-on-year from $216.9 million in October 2013 to $207.2 million in the same month this year.

source : www.igamingbusiness.com

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