New Jersey Expects Online Casino Revenues to Go Up Further

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OCNJ Daily

New Jersey’s Casinos Reporting Total Winnings of Over $511 Million

New Jersey has long been a key gambling destination in the USA, second only to Las Vegas in terms of footfall and revenue generation. Although Garden State is already well known for its wide selection of traditional land-based casinos, the introduction of in-state online gambling (first legalized in 2013) has markedly affected its ability to…

Industry ・ 27 June 2024

OCNJ Daily

New Jersey Online Gambling Sector Takes the Lead

New Jersey's online gambling sector is undergoing an incredible shift with gambling and sports betting driving significant growth within the industry. While traditional land-based casino revenue has yet to fully recover to pre-pandemic levels, the online and sports betting sectors have been setting new records, transforming the state's gambling…

Industry ・ 11 June 2024

Yogonet

New Jersey: Online gambling revenue surges to record $197 million in March, in-person revenue dips

New Jersey's online gambling market continues to break records, but in-person casino revenue in Atlantic City remains below pre-pandemic levels. Data from the New Jersey Division of Gaming Enforcement shows that in March, casinos and their online platforms generated over $197 million in revenue from online casino games, setting a new monthly record…

Finance ・ 17 April 2024

OCNJ Daily

New Jersey's Soaring Casino Revenue: A Comprehensive Overview

Recently, New Jersey has made headlines with a staggering surge in casino revenue, setting unprecedented records in January 2024. This comprehensive overview delves into the history of gambling in the state, its evolving legal framework, and the recent phenomenal growth in both traditional casino and online gaming sectors, painting a comprehensive…

Industry ・ 24 February 2024

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New Jersey 101.5

The Soaring Success of New Jersey Online Casinos & Tax Revenue

This content was produced in partnership with Bazoom Group. In recent times, New Jersey has experienced a noteworthy shift in its gambling environment, wherein online casinos are playing an important part in reforming the state's financial prospects. After the pandemic restrictions were lifted, there was an upswing in online casino activities, with…

Finance ・ 17 October 2023

Yogonet

New Jersey gambling revenue sees 14% jump in June, but in-person casino win still lags behind

New Jersey's gambling industry experienced a significant boost in June, with casinos, horse tracks, and online gambling platforms generating over $457 million in revenue. This marks a 14% increase compared to the same period last year, according to data released by the New Jersey Division of Gaming Enforcement. However, in-person gambling revenue,…

Finance ・ 25 July 2023

Mail & Guardian

How popular is gambling in South Africa?

Gambling is a popular pastime all over the world and one that's been practised for thousands of years. Whether it's betting on sports or playing casino games, the opportunity to potentially win real cash draws a lot of people in. Across South Africa, gambling has become a huge industry, with land-based and online casinos and betting sites proving…

Industry ・ 29 May 2023

Urban Matter

Online Casinos Services In The US Industry: Trends In 2022

While the casino industry has existed for an infinity now, the gambling industry in the United States has experienced significant growth over the years. Technological advancement has contributed immensely and substantially to the development of gambling in the United States. That said, the online casino services industry in the US has faced a…

Industry ・ 14 September 2022

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Finance Magnates

NJ Online Casino Revenue Predicted to Keep Rising in 2022

According to reports by the New Jersey Office of the Attorney General, the total gaming revenue from racetracks, casinos, and their partners hit $404.1 million in December. It was a significant increment from the $312.9 million in December 2020. Even with the 29.1% increase, the state's casino revenue is expected to keep going up. In December 2021,…

Finance ・ 06 May 2022

Pulse

New Jersey Gambling Market Hits $4.74 Billion for ‘21, Predictions For ‘22

In the United States, the state of New Jersey reportedly brought in $4.74 billion in total gambling revenue for 2021, and economists expect even bigger numbers through Q1 of this year, as sports betting hits new highs. According to NJ's Office of the Attorney General, "Total Gaming Revenue reported by casinos, racetracks, and their partners for…

Winnings ・ 15 March 2022

The Dubrovnik Times

How Big is the European Gambling Market?

As 2021 drew to a close, studies showed that the total gambling market revenue in Europe increased by 7.5% as compared to the year prior. In totality, the European gambling market garnered a gross gaming revenue of 87.2 billion Euros. Of course, experts have proposed that much of this is because of the 19th% growth in the online gambling market.…

Industry ・ 02 February 2022

Sprout Wired

The Impact of COVID-19 on the Gambling Sector in Australia

As a result of the COVID 19 pandemic, the gambling sector has been affected mainly in Australia. The landscape of gambling industries has drastically changed since shutdowns were ordered in early 2020. With venues closing and sporting events being ceased, this industry struggled to generate revenue. In Australia, where gambling is prevalent, the…

Covid ・ 28 January 2022

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The Press Of Atlantic City

NJ casinos, tracks won $4.7B in 2021; in-person winnings lag

ATLANTIC CITY - Casino gambling, sports betting and online wagering in New Jersey brought in over $4.7 billion in 2021, but the casinos' core business - in-person gambling - did slightly poorer than it did before the coronavirus pandemic hit. Figures released Friday by the New Jersey Division of Gaming Enforcement show the nine casinos won a total…

Winnings ・ 14 January 2022

The Press Of Atlantic City

Despite growth, Atlantic City's casino industry continues to face challenges

ATLANTIC CITY - Despite surpassing $4 billion in gross gaming revenue for the first time since 2008 this year, the city's casinos spent much of 2021 digging out from the COVID-19 pandemic and having to deal with an ever-changing gaming landscape. Last year's 107-day closure forced many casinos to turn to internet gaming and that trend continued in…

Industry ・ 28 December 2021

Yogonet

New Jersey sets new monthly record in internet gaming, total revenue up 70.4%

he New Jersey Division of Gaming Enforcement released August 16 figures of the total gaming revenue for the month of July, which was $450.6 million compared to $264.5 million in July 2020, signaling a 70.4% increase. Other highlights include revenue of $118.7 million in Internet gaming, compared to $87.5 million in the prior period; an increase of…

Finance ・ 18 August 2021

Online Poker Report

Pennsylvania Online Casinos See Revenue Drop In June

What goes up must come down. That's the conventional wisdom, anyway. For the most part, however, it hasn't been the case for online casinos, which enjoyed a huge revenue increase last spring when retail casinos shut down due to COVID. The pandemic has been an unprecedented event. While many presumed that the gains would be temporary, there was no…

Finance ・ 20 July 2021

Online Poker Report

Pennsylvania Online Gambling Breaks The $100 Million Mark In May

For the US gambling market as a whole, this seems to be a period of consolidation of gains. Casino closures last spring caused online casino and poker activity to skyrocket. With things now starting to get back to normal, it's a positive for the industry simply not to lose those new customers. Pennsylvania is doing a little better than than,…

Poker ・ 28 June 2021

Newsday

Pennsylvania’s Online Gambling Market Continues To Grow

As the world was taken over by the Covid-19 pandemic, the online entertainment industry started to grow at an incredible pace. And understandably so, since so many people were left inside their own homes with nothing left to do but to find some fun in the online world. Players from around the world started joining online casinos and sportsbooks in…

Industry ・ 17 June 2021

Legal US Poker Sites

New Jersey Releases iGaming Revenue for March 2021

The New Jersey gambling industry is well on its way back to normal. It will be some time before land-based casinos and tracks resume full-capacity business. It may be even longer before slot machines and casino game tables are placed in close proximity as they were before the pandemic. Speaking of the pandemic, its impact on 2020 numbers is still…

Finance ・ 07 May 2021

Online Poker Report

PA Online Gambling Shows Signs Of Maturity, Hitting $98 Million In March

Pennsylvania's legalized online gambling market is beginning to slow down a little bit. Numbers released today by the Pennsylvania Gaming Control Board show a 293% increase in iGaming revenue in March 2021, compared with March 2020. However, the rise from February 2021's $78 million in gross revenue to March 2021's $98 million is less dramatic,…

Travel ・ 07 May 2021

VGR

Online Gambling Thrives While Land-Based Casinos Struggle

2020 could be described a lot of ways. "Unprecedented" is perhaps the most popular. But for land-based casinos, "terrifying" might be a better description. But even as land-based casinos struggle, online gaming platforms have thrived. Indeed, online casinos and sports betting sites might describe 2020 as an unexpected boon in terms of fresh…

Land-based ・ 06 February 2021

US Gambling Sites

Online gaming traffic was boosted heavily in Delaware due to the COVID-19 pandemic.

While the COVID-19 has decimated several industries around the world, online gambling is not one of them. Because people are asked to stay home and stay away from the public, the iGaming industry has benefited from an increase in player traffic. In the United States, there are a handful of individual states that offer online gambling options, one…

Covid ・ 19 January 2021

Legal US Poker Sites

Another Record for Internet Gaming in New Jersey Market

The first month of 2020 was a good one for all of New Jersey gaming. From slot machines in land-based casinos to sports wagering and online poker, every form of gambling showed positive numbers in January. The first report of the year from the New Jersey Division of Gaming Enforcement noted $300.7 million in total gaming revenue for the month of…

NFL ・ 08 February 2021