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Online gambling revenue shows first decline in NJ

Local News | May 15, 2014

Online gambling revenue shows first decline in NJ

ATLANTIC CITY, N.J. (AP) — New Jersey’s fledgling Internet gambling industry saw its first monthly decline in April, falling slightly to $11.4 million.

In March, which had one more day than did April, Internet gambling brought in $11.9 million.

Online gambling had shown monthly increases of 28 percent in January, 9 percent in February, and 15 percent in March.

But overall revenue, including online bets and those placed in person at brick-and-mortar casinos, increased by 3.2 percent in April to $235.9 million, compared with April 2013.

Revenue from the 11 casinos that operated in April of both years was up by 3.3 percent, but those figures exclude the Atlantic Club, which closed in January.

Revel Casino Hotel saw the biggest gain at 55 percent, from $8 million a year ago to $12.5 million this April.