New Jersey’s rapidly growing online gambling industry posted record revenue during for March, 2017. That success, in turn, boosted the overall revenue of Atlantic City casinos, just like the system was supposed to work in the first place.

The good news from the Garden State was released on Wednesday by the state Division of Gaming Enforcement (DGE) in their monthly revenue report.
Overall, New Jersey online gambling revenue was up a whopping 40 percent over March 2016. That translates into $21.7 million dollars, compared to just $15.5 million last March.
The big winner on the online side of the NJ casino industry was the Golden Nugget, which took in more than $6 million from its online operations.
In terms of overall growth, Resorts Digital saw the most movement. The tiny operation posted $4.2 million in March this year compared to just $1.8 million last month. That’s an increase of 123 percent, according to a report in the Las Vegas Sun.
On the land-based side of the casino business, things were looking similarly bright. The Atlantic City casinos posted $200.1 million in revenue last month. That’s an increase of 6.7 percent over the previous year.
The seven remaining land-based casinos definitely benefited from decreased competition since the closing of the Trump Taj Mahal last year.
Many in the Jersey political and gambling worlds saw March’s big numbers as vindication of their plan to use online gambling to boost Atlantic City casino revenues.
Matt Levinson, chairman of the New Jersey Casino Control Commission told the Sun:

West Virginia online casinos had a resurgent month of July, topping $4.7 million in revenue. The profits from last month were over $800,000 more than in June. This incredible month beat out the Mountain State’s previous best month of around $4.3 million in May. Payouts (the amount the casino returned to gamblers in the form of winnings). Revenue (handle minus payouts and other credits). Taxes (the amount of tax that the casino paid to the state). Online casino revenue was last updated on Nov. 24, 2020, reflecting numbers through the week ending Nov. A few things to keep in mind when.

When coupled with the very strong earnings report that came out last week, it’s clear that casinos have started to grow the market and increase their profits. That is generating a lot of positive interest in Atlantic City and has already attracted significant new investment in this market.

Overall, New Jersey online gambling revenue is up 32 percent in the first three months of 2017.

PA’s figures for total gaming revenue in August 2021 came in at $408.1 million, continuing the state’s record streak and an overall increase of 31.3% onyear-to-year numbers.

Online casinos saw a year-to-year increase of 58.7% in total revenue, totaling $88.7 million for the month.

Which PA Casino Came Out on Top?

Penn National and their casinos Hollywood Casino, DraftKings, and BetMGM had the highest total revenue at$30.5 million for August. $23.3 million of this came from onlineslots.

In second place came Rivers Philadelphia, with brands SugarHouse, BetRivers, and Borgata Online with$27.1 million.

The bottom two online casinos in PA were Live Philadelphia with their brands PlayLive! and Betway ($1.6 million) and TwinSpires ($1.5 million).

What’s next for PA casinos?

Analysts predict there will be no slowing down of PA’s hot online casino markets as we head into cooler weather.

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