In a groundbreaking development for the gambling industry in New Jersey, internet gambling revenue has soared to new heights, setting yet another record for the state. The latest figures released by the New Jersey Division of Gaming Enforcement revealed that online gambling revenue reached an all-time high in the month of June, surpassing the previous record set just the month before.
According to the report, online gambling revenue reached $111 million in June, a staggering 23.5% increase from May’s total of $90 million. This remarkable growth is a testament to the surging popularity of online gambling platforms in the state, as more and more players are turning to the internet to place their bets and win big.
The record-breaking revenue from online gambling has been a welcome relief for the struggling gambling industry in New Jersey, which has been hit hard by the ongoing COVID-19 pandemic. With in-person gambling establishments facing restrictions and closures due to health and safety concerns, online gambling has emerged as a viable alternative for players seeking entertainment and excitement from the comfort of their own homes.
Despite the challenges faced by in-person gambling venues, the report also indicated a slight uptick in total gaming revenue for the month of June, with a 1.1% increase from May’s total. This modest improvement is a hopeful sign for the industry, as more and more casinos and gaming establishments gradually reopen and welcome back patrons.
The surge in online gambling revenue has not gone unnoticed by industry experts, who believe that this trend is likely to continue in the future. With the convenience and accessibility of online gambling platforms, coupled with the ongoing uncertainty surrounding the pandemic, more players are expected to flock to the internet for their gaming needs.
In response to the record-breaking numbers, New Jersey Governor Phil Murphy praised the resilience and innovation of the state’s gambling industry, noting that online gambling has been a bright spot in an otherwise challenging year. He also emphasized the importance of responsible gambling practices and urged players to gamble responsibly and within their means.
As the gaming landscape continues to evolve in New Jersey and beyond, the record-breaking revenue from online gambling serves as a testament to the industry’s ability to adapt and thrive in the face of adversity. With new developments and innovations on the horizon, the future of gambling in New Jersey looks brighter than ever.
