In a recent report released by the New Jersey Division of Gaming Enforcement, it was revealed that iGaming revenue in the state has reached record highs, while Atlantic City’s land-based casino revenue remains stable. This news comes as a pleasant surprise to industry experts and officials, who have long been monitoring the state’s gambling market.
According to the report, iGaming revenue in New Jersey reached a total of $87.5 million in the month of December, marking a 74% increase from the same period last year. This growth can be attributed to a combination of factors, including the continued popularity of online casino games and the recent legalization of sports betting in the state.
One of the main drivers of this increase in revenue is the strong performance of popular online casino sites such as Golden Nugget and Borgata, both of which have seen significant growth in recent months. These sites offer a wide range of games, from slots to table games, as well as lucrative promotions and bonuses that attract players from across the state.
In addition to the increase in iGaming revenue, Atlantic City’s land-based casinos have also fared well in recent months, with total revenue reaching $247 million in December. While this figure is relatively stable compared to previous months, it still represents a positive trend for the city’s gambling industry, which has struggled in recent years due to increased competition from neighboring states.
Industry experts attribute Atlantic City’s stable revenue to a combination of factors, including a strong economy, increased tourism, and ongoing efforts to revitalize the city’s image as a premier gambling destination. Additionally, the recent legalization of sports betting in the state has also contributed to the city’s success, as it has attracted a new demographic of customers who may not have previously visited Atlantic City.
Overall, the news of iGaming revenue soaring in New Jersey and Atlantic City’s stable revenue comes as a positive sign for the state’s gambling industry. With continued growth in both online and land-based gambling, New Jersey is poised to remain a leader in the industry for years to come.
