New Jersey online casinos have hit a major milestone, recording their first ever $200 million month in September. This figure represents a significant increase from the previous month, as the Garden State’s online gambling market continues to thrive.
According to Play NJ, a leading online casino news and review website, the total online casino revenue for September reached $203.8 million. This figure marks a 1.8% increase from the previous record set in August, when online casinos generated $200.8 million in revenue.
The record-breaking month was fueled by a surge in online casino play, as more players turned to internet gambling as a source of entertainment during the ongoing pandemic. With many brick-and-mortar casinos still operating at reduced capacity or closed altogether, online casinos have become a popular alternative for gamblers in New Jersey.
Several factors contributed to the success of New Jersey’s online casinos in September. The launch of new games and promotions, as well as the introduction of live dealer games, helped to attract new players and retain existing ones. Additionally, the expansion of sports betting options on online casino platforms also contributed to the robust revenue figures.
One of the key players in the New Jersey online casino market is Golden Nugget Online Gaming. The company reported a revenue of $31.7 million in September, accounting for nearly 16% of the total online casino market share in the state. Other top performers included Borgata Online Casino, Resorts Digital Gaming, and Caesars Interactive Entertainment.
Despite the record-breaking revenue figures, analysts caution that the online casino market in New Jersey may face challenges in the coming months. The impending launch of mobile sports betting in neighboring states such as New York could potentially divert some gambling revenue away from New Jersey.
However, industry experts remain optimistic about the future of New Jersey’s online casino market. With continued investments in technology and a focus on providing innovative gaming experiences, online casinos in the Garden State are well-positioned to maintain their growth and attract new players in the months ahead.
