Revenue in the first full month of online gaming in New Jersey was “underwhelming”, says Telsey Advisory Group LLC.
The New Jersey Division of Gaming Enforcement says the online gaming win last month was US$7.4 million (MOP59.2 million).
Telsey says a projected annual run rate of less than US$90 million is “a far cry from even the more conservative market size estimates of around US$500 million”.
Delaware, Nevada and New Jersey legalised online betting last year.
New Jersey is considered the first true test case of online gaming in the United States because it allows the full range of casino games and has a big population.