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Poker News | World Poker News

NJ Online gambling revenue expected to hit $1 billion by July according to Gov. Chris Christie

NJ Gov. Chris Christie
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New Jersey Gov. Chris Christie maintains his belief that online gaming will hit $1 billion in casino revenue by July although has a report up that says analysts are estimating $300 million in revenue by this time next year.

Christie's optimism was strong at a Trenton statehouse press conference.

“Same as they were before,” Christie said when it came to his expectation of the online gambling market in New Jersey even in the face of the state budget's anticipation that the industry would produce $1 billion in revenue by July.

Bloomberg's report on Monday said that over 14,000 new online gambling accounts were created in New Jersey over the weekend. Those new account sign-ups brought the total to 51,352 since New Jersey's soft launch on November 21st.

“That’s pretty good in a week,” Christie said. “I’m not worried.”

The Garden State's Borgata Hotel Casino & Spa, Trump Taj Mahal Casino Resort, Trump Plaza Hotel and Casino, Tropicana Casino and Resort, Bally’s Atlantic City, Caesars Atlantic City, and Golden Nugget Atlantic City all have online gaming sites up and running after it went live in late November.

The New Jersey Department of Gaming Enforcement is expected to release its first revenue report from online gaming in January.

Image courtesy of Mel Evans/Associated Press.

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