Gambling in the USA

GAN Reports Robust Revenue Growth in New Jersey

Published

5 years ago

February 17, 2020

Niji Narayan

GAN Reports Robust Revenue Growth in New Jersey

Reading Time: < 1 minute

GAN plc, the US-based award-winning developer and supplier gambling software, services and online gaming content, has posted robust growth on almost all metrics in January 2020, according to the financial statement published by New Jersey’s Division of Gaming Enforcement (“DGE”) of Internet gaming and Internet sports betting financial information.

The following are the main points of the report.

Internet Gaming Win rose by 64.0 per cent to $55.1 million in January, compared to $33.6 million in the same period last year.

Total Internet Sports Wagering Handle reached approximately $471.1 million in January.

Internet Sports Wagering Gross Revenues may vary from month to month due to the payouts for future events occurring months after the original wager was made and unredeemed winning wagers from prior months will become deductible upon redemption in future months.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.