New Jersey online gambling sets $26.7m record in October

New Jersey’s online playing market hit a brand new top of $26.7 million in October, marking a 30% profits increase in comparison to the equal month a yr. in the past. Moreover besting the previous listing set in July of $25.9 million, it additionally continues a monthly successful streak relationship again to the business’s initiate in November 2013. The state subsequently accrued gaming taxes of $19.8 million final month.

October Highlights From the $26.7 million generated in October, Sports Betting practically 95%, or $25.1 million of usual revenue became accounted for via the online casino vertical. obviously, that figure represents a brand new all-time checklist for the phase, Sports Betting and was better by using 0.6% month-over-month, and through an excellent 34.7% 12 months-over-12 months. By contrast, online poker continues its constant decline. Remaining month, the three networks providing the video game produced a combined $1.