"Online gambling now accounts for some 10% 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,” Ruddock added.
September’s total is down from the US$21.3m
generated in August, but up 26% from September 2016. Online casinos generated US$657,799
per day during the 31 days in September.
New Jersey’s online casinos have generated US$183.7m
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 US$196.7
million that the industry generated in 2016.
"Online gaming has been the proverbial
rising tide for Atlantic City casinos,” Ruddock said. "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.”
