Online Gaming Revenues – July 2014

Last updated Aug 24, 2016 | USA Online Casino News

Each of the different states were able to publish numbers which felt comfortable to them as far as how much revenue they will actually pull in by the end of the first year. Nevada took the safe route as far as just holding still and focusing on their current gaming market instead of focusing on where they think they will be. This was due to immense uncertainty, though their gaming market was created and open for players the quickest, they still didn’t want to put out a number and fall short.

Online Gaming Revenues – July 2014

Online Gaming Revenues and Where They Stand Today

When looking at the online gambling industry as a whole, you have billions of dollars coming in and out of circulation from deposits and wins. When it comes down to creating sections as far as each different region, the three states who have opened their own online casinos speak for the entire United States gaming market in terms of the revenue they have pulled in. The three states; Delaware, Nevada and New Jersey have all gone about their gaming markets entirely different from the others so it’s hard to really say who is winning, which state has profited most and so forth. It has come to light that New Jersey has the most players with casinos like Caesars when it comes to online gambling.

Each of the different states were able to publish numbers which felt comfortable to them as far as how much revenue they will actually pull in by the end of the first year. Nevada took the safe route as far as just holding still and focusing on their current gaming market instead of focusing on where they think they will be. This was due to immense uncertainty, though their gaming market was created and open for players the quickest, they still didn’t want to put out a number and fall short. Nevada’s current online gaming revenue is very different from the other two states as they opted to only legalize interactive poker. The state earned around $10.2 million over the year which landed them at about $700,000 in total for tax revenue.

New Jersey had projected much higher numbers than what was actually achieved. The state brought in around $9.3 million instead of their hoped for earnings. One specific reason hasn’t been pin-pointed at this time however, some blame advertising where others pin it on the fact that the online gaming was off to a very rocky start with glitches throughout the system which was blocking players who were eligible to play inadvertently. The gaming within New Jersey has diminished over the years due to many different factors as well, online gambling may be considered to some, as a last chance hope to save gambling within Atlantic City entirely.
Delaware was the first state to regulate online gambling from their state. This however, didn’t gain any momentum for nearly a full year while the state created gaming platforms and got the ball rolling. Since the launch of their gaming systems, the state has partnered with an inter-state gambling platform that offers gaming for players in Nevada. The state of New Jersey was asked if they wanted to participate, the state decided to opt-out.

These numbers only reflect the revenue for the three small states who have decided to legalize and regulate online gambling from their state. Other states may soon follow to offer their own online gambling features however, none are close enough to mention. The USA online gambling market as a whole, is a billion dollar industry where players can utilize online gaming from their computer, the casinos are actually based over seas which has prompted the states to offer their own gambling to keep some of the revenue here.