Seeking Alpha

Early read on New Jersey Internet gaming revenue

  • Internet gaming operations in New Jersey kicked up $7.4M during December to help the industry make up for slower traffic at casinos (official state report .pdf).
  • Though still in its infancy, the initial roll-out of online gaming in the state has gone smoothly. The state's official Internet gambling tax coffer is slowly being filled with the stated purpose of funding projects related to senior citizens and people with disabilities.
  • What to watch: It seems likely politicians in other states will soon be eager to join the Internet gaming tax rush as New Jersey starts to rake in more money.
  • Revenue totals by casino: Borgata (BYD, MGM) $3.35M; Caesars Interactive (CZR) $2.03M; Trump properties $1.23M; Golden Nugget $177K in a partial month.
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