In an unprecedented display of growth and success, the New Jersey online gambling market set a new revenue record in September, bringing in a staggering $208 million. According to data released by the New Jersey Division of Gaming Enforcement, this figure represents a 6.7% increase from the previous month and a 30% increase from the same period last year.
The surge in revenue can be attributed to several factors, including the ongoing COVID-19 pandemic which has forced many individuals to stay indoors and seek alternative forms of entertainment. In addition, the legalization of sports betting in New Jersey has also played a significant role in driving up revenue for online gambling operators.
One of the major contributors to this record-breaking revenue was the online casino sector, which saw a 20.3% increase in revenue compared to the previous month. Leading the way in this sector were popular online casino games such as slots, blackjack, and roulette, which continue to attract a large number of players.
The sports betting sector also saw significant growth in September, with revenue increasing by 2.5% compared to the previous month. This can be attributed to the return of major sporting events such as the NFL and NBA, which have attracted a large number of bettors looking to wager on their favorite teams.
In terms of individual operators, the Borgata Hotel Casino & Spa led the way in September with total online gambling revenue of $87.1 million, followed closely by the Golden Nugget Online Gaming and Resorts Digital with revenue of $30.4 million and $21.6 million respectively.
Overall, the record-breaking revenue figures for September have been welcomed by industry analysts and stakeholders, who see this as a positive sign for the future of online gambling in New Jersey. With the continued growth of the market and the introduction of new technologies and innovations, it is expected that revenue figures will continue to soar in the coming months.
