New Jersey Online Gambling Revenue Continues to Rise

Revenue generated from New Jersey online gambling is increasing with each passing month.

As online gambling is on the rise, land based casinos in Atlantic City are taking a hit according to the Division of Gaming Enforcement.

"These results also once again demonstrate online gaming's potential to expand our business," Keith Smith, president of Boyd Gaming told the Associated Press.

"About 85 percent of our online players have not had rated play at Borgata in at least two years, showing there is little overlap with our land-based business. Online gaming is growing our database, creating a long-term opportunity to market Borgata to an entirely new group of customers."

Seth Palansky, a spokesman for Caesars Interactive said, "We saw huge growth in online casino revenue, and significant growth in poker revenue, too. We started marketing in earnest in January, and the promotions we offered our customers really seemed to resonate well. We're very encouraged on how the New Jersey market is performing for us across all three of our brands, CaesarsCasino.com, Harrahscasino.com and WSOP.com."

Since NJ launched legalized online gambling in November the state treasury is on target to earn nearly $10 million in tax revenues by June.

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