In the world of online gambling, New Jersey has once again set a new record for revenue in the month of October. According to state data released on Friday, internet gambling revenue reached $94.4 million, surpassing the previous record of $93.5 million set in September.
This comes as in-person gambling winnings continue to struggle due to ongoing COVID-19 restrictions and concerns. While land-based casinos in Atlantic City saw a modest increase in revenue in October, it was not enough to offset the decline in overall gambling revenue.
The surge in online gambling revenue can be attributed to several factors, including the convenience and accessibility of online platforms, as well as the continued closure of many land-based casinos. With more people spending time at home due to the pandemic, online gambling has become a popular form of entertainment for many.
New Jersey has been a leader in the online gambling industry since it legalized internet gambling in 2013. The state now boasts a thriving online gambling market, with multiple operators offering a variety of games and betting options.
One of the key players in the New Jersey online gambling market is the Tampa Bay Buccaneers. The Buccaneers, who recently won the Super Bowl, have seen a surge in online gambling activity in the state. With a loyal fan base and a successful season, the Buccaneers have become a popular choice for online bettors.
The success of the Buccaneers in the online gambling market has helped propel New Jersey to record revenue numbers. As the popularity of online gambling continues to grow, experts predict that revenue will only continue to climb in the coming months.
Despite the challenges facing the land-based gambling industry, online gambling in New Jersey is thriving. With record-breaking revenue numbers and a growing customer base, the state’s online gambling market shows no signs of slowing down. As more people turn to online platforms for their gambling entertainment, New Jersey is poised to remain a leader in the industry for years to come. Overall, the in-person gambling winnings have struggled as people opt for convenient online gambling options and this trend is likely to continue in the future.
