In a testament to the growing popularity of online gambling in New Jersey, the state has just set a new record for internet gambling revenue. With in-person casinos struggling to attract customers due to the ongoing Covid-19 pandemic, online gambling has filled the void and proven to be a lucrative source of revenue for the Garden State.
According to the New Jersey Division of Gaming Enforcement, online gambling revenue for the month of June reached a record high of $117.3 million, surpassing the previous record of $113.7 million set in May. This marks the fourth consecutive month that New Jersey has broken its own record for internet gambling revenue, highlighting the sustained growth and momentum of the online gambling industry in the state.
The surge in online gambling revenue can be attributed to several factors, including the convenience and accessibility of gambling from the comfort of one’s own home, as well as the increased marketing and promotional efforts by online gambling operators. Additionally, the closure of in-person casinos and the limited capacity restrictions in place due to the pandemic have forced many gamblers to turn to online platforms as their primary source of entertainment.
The success of online gambling in New Jersey has not gone unnoticed by state officials, who have been vocal in their support of the industry. Governor Phil Murphy has praised the online gambling operators for their ability to adapt and innovate in response to the challenges posed by the pandemic, and has expressed his commitment to ensuring a safe and regulated online gambling environment for players.
Despite the record-breaking revenue numbers for online gambling, in-person casinos in New Jersey continue to struggle. Many casinos have reported significant revenue declines compared to pre-pandemic levels, as the ongoing public health crisis continues to impact consumer behavior and confidence in visiting crowded public spaces.
As the online gambling industry in New Jersey continues to thrive, industry experts predict that the trend of shifting towards online platforms will only continue to grow in the coming months and years. With the convenience and flexibility of online gambling, as well as the potential for lucrative winnings, it’s clear that the future of gambling in New Jersey is increasingly digital.
