New Jersey’s online gambling industry continues to surge ahead, with the latest figures showing another record-breaking month for internet gambling revenue in the Garden State. According to the New Jersey Division of Gaming Enforcement, online gambling revenue hit an all-time high of $104.9 million in November, marking a significant increase of 48% from the same time last year.
This impressive growth in online gambling revenue comes at a time when in-person casino winnings are struggling to rebound to pre-pandemic levels. While brick-and-mortar casinos have seen a slight uptick in revenue since reopening, they are still far below the numbers seen prior to the COVID-19 pandemic.
The rise of online gambling in New Jersey can be attributed to a number of factors, including the convenience and accessibility of online gaming platforms, as well as the ongoing impact of the pandemic on people’s entertainment choices. With many physical casinos still operating at reduced capacity and some gamblers hesitant to return to crowded gaming floors, online gambling has emerged as a popular alternative for those looking to enjoy their favorite casino games from the comfort of their own homes.
The success of online gambling in New Jersey has also been bolstered by the state’s proactive approach to regulating the industry. New Jersey was one of the first states to legalize online gambling back in 2013, and since then, the state has worked tirelessly to create a safe and secure gaming environment for players. This has helped to build trust and confidence in the online gambling industry, leading to increased participation and revenue.
While the online gambling industry in New Jersey continues to thrive, the future of in-person casinos remains uncertain. With ongoing concerns about the spread of COVID-19 and the potential for future lockdowns, brick-and-mortar casinos may continue to face challenges in attracting customers and generating revenue. As a result, online gambling is likely to remain a popular choice for many New Jersey residents in the months and years ahead.
Overall, the latest record-breaking revenue figures for online gambling in New Jersey underscore the growing importance of this sector in the state’s overall gaming industry. With online gambling revenue continuing to climb, it is clear that this trend is here to stay, and online gaming is set to play an increasingly prominent role in New Jersey’s gaming landscape.
