New Jersey Online Gambling Revenue
- New Jersey Online Gambling Revenue Statistics
- New Jersey Online Gambling Revenue
- New Jersey Online Gaming Revenue Report
- New Jersey Online Gambling Revenue
According to the latest online gambling statistics, in New Jersey, the annual gross gaming revenue generated was $323,332,204 in 2018. That number was up from $266,851,688 in 2017, displaying a 21% year-over-year increase in revenue. How much money is gambled every year? New Jersey Online Gambling Revenue Updated on October 15, 2019 Every month the Division of Gaming Enforcement in New Jersey discharges the past month’s legitimate web based gambling revenue for each organization.
Based on the latest revenue report from the New Jersey Division of Gaming Enforcement, New Jersey Online casinos had their best month to date in April, taking in nearly $75 million. Online poker also set a new high-water mark in April, eclipsing $5 million for the first time. According to revenue figures released by the New Jersey Division of Gaming Enforcement (DGE), the state’s regulated online gambling market almost eclipsed its all-time monthly revenue record last month. All of the states regulated and licensed online gaming operators generated combined revenue of $38.34 million in May which is a modest $800,000-ish drop from its. New Jersey posts a record online gambling revenue for the month of July. According to the figures released by the New Jersey Division of Gaming Enforcement, the licensed online gambling operators in New Jersey grossed $39.3 million in revenue in.
July 2020 has been the biggest month on record for New Jersey's online casinos. It seems that land-based casino closings didn't curb Garden State residents' desire to gamble. July saw record numbers!
The Numbers: July 2020
The online casinos saw casino and poker saw $87,492,952 in revenue in July this year. Compare that to last July's 39,315,731, and you'll see a 122.5% increase!
It should come as no surprise that Golden Nugget's online casinowas the big winner yet again in July. They pulled in a whopping $31,480,080 (compared to their $14,895,411 in July 2019). In a very distant second place, Resorts brought in $18,031,664, then Borgata with $15,297,228.
New Jersey Online Gambling Revenue Statistics
This is an improvement over the record-high numbers we saw in May: $85.9 million.
Comparison with 2019
Online casinos have seen a steady rise in New Jersey since they were first legalized in 2013. While neighboring Pennsylvania and Delaware also have online casino markets, it seems that New Jersey's only competition is with itself.
New Jersey Online Gambling Revenue
January through July 2020 saw $510m in revenue. This means in the first seven months of 2020, they have already beaten the $482m gained over the whole of 2019.
New Jersey Online Gaming Revenue Report
How Long Can This Continue?
New Jersey Online Gambling Revenue
Despite COVID measures, online casinos are seeing a steady increase. While some casinos are closing and others are open with some distancing measures, it's no surprise that casino closings are diverting gamblers to online casinos.
The question is, will online casino players return to the land-based casinos once they reopen? There are many reasons to play online instead, including great no deposit bonuses, free spins, and more transparency for Return to Player. Still, we foresee that the good relationship between online and physical casinos will continue in the future.