In a significant milestone for the New Jersey online gambling industry, the state’s online casino revenue has hit a new monthly record. According to a report from Legal Sports Report, online casino revenue in New Jersey reached an all-time high in the month of June, surpassing previous records by a significant margin.
The report stated that New Jersey’s online casino revenue for the month of June totaled an impressive $93.5 million, a 27% increase from the previous record of $73.6 million set in March of this year. This milestone further solidifies New Jersey’s position as a major player in the online gambling industry and highlights the growing popularity of online casino gaming in the state.
The significant increase in online casino revenue can be attributed to a number of factors, including the continued expansion of the online gambling market in New Jersey and the ongoing success of online casino operators in the state. The report also noted that the COVID-19 pandemic has played a role in driving more consumers to online gambling, as many brick-and-mortar casinos were forced to shut down or limit their operations during the peak of the pandemic.
In addition to the record-breaking online casino revenue, Legal Sports Report also highlighted the growing success of New Jersey’s online sports betting market. The report stated that online sports betting revenue in New Jersey reached $71.3 million in June, marking a 59% increase from the previous month and further solidifying New Jersey’s reputation as a major hub for online sports betting.
Overall, the record-breaking online casino revenue in New Jersey is a testament to the state’s thriving online gambling industry and its ability to attract a large and diverse consumer base. With the continued expansion of online gambling in New Jersey and the success of online casino operators in the state, it is clear that the future of online gambling in New Jersey is bright.
As online gambling continues to grow in popularity and acceptance, New Jersey is poised to remain at the forefront of the industry and set new records for online casino revenue in the months and years to come. The state’s success in the online gambling market serves as a model for other states looking to capitalize on the growing trend of online gambling and demonstrates the potential for significant revenue growth in this rapidly expanding industry.