In a groundbreaking turn of events for the gambling industry in New Jersey, internet gambling has surged to new heights, setting a record of $198 million in revenue for the state. This news comes as a stark contrast to the struggling land-based casinos in Atlantic City, which have continued to struggle amid the ongoing pandemic.
According to reports from the New Jersey Division of Gaming Enforcement, internet gambling revenue was up an impressive 66% compared to the same period last year. This surge in online gambling can be attributed to the increasing popularity of online casino games and sports betting, as more people turn to the internet for their gambling needs.
The success of online gambling in New Jersey comes as no surprise, as the state has positioned itself as a leader in the industry since legalizing online gambling in 2013. The state has since reaped the benefits of this decision, with online gambling revenue consistently on the rise.
Meanwhile, land-based casinos in Atlantic City have struggled to attract visitors during the pandemic, as restrictions and health concerns have limited capacity and overall foot traffic. As a result, revenue from the city’s casinos has taken a hit, with many establishments reporting significant losses.
Despite the challenges faced by land-based casinos, industry experts remain optimistic about the future of gambling in New Jersey. They point to the success of online gambling as a sign of the industry’s resilience and adaptability, and predict that the overall gambling market in the state will continue to grow in the coming years.
In response to the news, New Jersey Governor Phil Murphy praised the state’s online gambling industry, calling it a “bright spot” in an otherwise challenging year. He also expressed confidence in the state’s ability to rebound from the pandemic, citing the strength of the gambling industry as a key factor in the state’s economic recovery.
As online gambling continues to thrive in New Jersey, it remains to be seen how land-based casinos will adapt to the changing landscape of the industry. One thing is clear, however: the future of gambling in New Jersey looks brighter than ever.
