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GAN reports growth in New Jersey internet gambling market

The firm, which supplies internet gambling software, said a report from the state’s Division of Gaming Enforcement had shown total internet gaming win, the amount of revenue taken after pay-outs, was US$31.7mln for the industry during the month, up around 44.4% year-on-year
Internet gambling
The state has some of the least restrictive gambling laws in the US and is a key market for GAN

GAN PLC (LON:GAN) has highlighted growth in internet gambling in the state of New Jersey in February.

The firm, which supplies internet gambling software, said a report from the US state’s Division of Gaming Enforcement (DGE) had shown total internet gaming win, the amount of revenue taken after pay-outs, was US$31.7mln for the industry during the month, up around 44.4% year-on-year.

READ: GAN launches internet gaming content for leading Italian sports betting & casino gaming operator GOLDBET

Total internet sports wagering handle, the amount of money accepted in sports wagers, was at US$259mln in February, down from US$305mln in January but up from US$241mln in December.

Meanwhile, gross revenues from internet sports wagering were US$12.9mln after payouts, down from US$15.5mln in January and US$14.7mln in December.

New Jersey, which has some of the least restrictive gambling laws in the US, is a key market for GAN.

In early trading Friday, GAN shares were steady at 49.5p.

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GAN PLC Timeline

Newswire
August 12 2016

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