New Jersey Online Gambling Revenue

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*New Jersey Online Gambling Revenue Penalties
*New Jersey Online Gambling Laws
*New Jersey Online Gambling Sites
*New Jersey Online Sports Betting
While online poker forms only a small part of the overall gaming revenue for New Jersey, that saw a big jump with $3.6 million taken compared to $1.9 million in March 2019. New Jersey online gambling numbers were released this week, and we are beginning to sound like a broken record. Literally, records were broken. Overall casino revenue and several individual operators set a new bar for measuring success. Believe it or not, online gambling has been a mainstay in New Jersey for going on seven years. Hollywood slots restaurant in bangor maine. No month, however, has ever been as prosperous as March 2020. Online casinos and poker operators reported a jaw-dropping $64.8 million in revenue. How big is that? Online casinos won $90,933,749, also a new monthly record. Online poker site revenue fell slightly to $2,517,774, down from $2,554,216 in September. Falling revenue for New Jersey online poker has been the trend for three months now, ever since the all-time high set in July due to the WSOP Online Bracelet Series. Recently released figures have shown that revenue from online gambling activities soared for the month of August in New Jersey. In addition, the state also saw record highs when it came to sports betting, with close to $670 million in wagers during the month of August, reflecting an increase of 112% month-on-month.
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. $ 1,000 bonus and 200 no wagering free spins. New Jersey Online Gambling Revenue Penalties21+ Responsible Gambling21+ Responsible Gambling|t&c Apply| $ 20 signup bonus + $ 600 bonus. 21+ Responsible Gambling21+ Responsible Gambling|t&c Apply|
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 Laws
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 Gambling Sites How Long Can This Continue?New Jersey Online Sports Betting
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.
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