|By Marketwired .||
|April 2, 2014 10:15 AM EDT||
ATLANTIC CITY, NJ -- (Marketwired) -- 04/02/14 -- Six of the largest casinos in New Jersey have launched online gaming sites. They are optimistic that offering online casino games and poker will help boost revenues and save the state's faltering casino industry. Legalnjonlinecasino.com is a new site that was launched to analyze online gambling revenue from Atlantic City casinos and predict future stability of the market.
Legalnjonlinecasino.com updates online gaming revenue every month after it is released from the New Jersey Division of Gaming Enforcement. The site tracks revenue from the six Atlantic City Casinos that are operating in the online gambling market; Legalnjonlinecasino.com gives a breakdown of the revenue that was generated from each website.
Kendall James, the founder of the site, states that, "The data will be very crucial for the gaming industry in New Jersey, lawmakers in other states and others with a stake in online gambling."
New Jersey is the first large state to pass an online gambling bill, which means that the data can help other states gauge the profitability of online gambling.
"New Jersey is being watched closely by states who are considering moving forward with their own online gambling bills," said James. "If they see New Jersey successfully generate a considerable amount of tax dollars they will follow suit. As a result, it is incredibly important that we assess the revenue generated by New Jersey casinos."
The data from the site could also be useful for investors to monitor the new online gambling industry to make sure that it is profitable.
Online gambling is expected to account for a large share of the revenue in the Atlantic City casino industry in the near future. Shareholders need to know which companies are generating the most revenue. Investors can visit Legalnjonlinecasino.com to easily compare revenue between the various casinos to decide which ones to invest in.
Market Share Analysis
Data from Legalnjonlinecasino.com can also be used to see which competitors have the most market share. The site tracks how casino market share is changing over time.
Recent data charted on the site shows that the Borgata and Caesars Interactive are currently leading the new market. People interested in following the market can refer to the site every month to see which companies are earning the most revenue.
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