In a groundbreaking development for the gambling industry, New Jersey online casino revenue has edged closer to that of brick-and-mortar casinos in the state. According to the latest figures released by the New Jersey Division of Gaming Enforcement, online casino revenue reached $80.4 million in the month of December, just shy of the $85.9 million brought in by physical casinos.
This marks a significant milestone for online gambling in the state, which has been rapidly growing in popularity in recent years. The surge in online casino revenue can be attributed to a number of factors, including the convenience and accessibility of online gambling, as well as the COVID-19 pandemic, which forced many brick-and-mortar casinos to temporarily close their doors.
New Jersey has long been at the forefront of online gambling in the United States, having legalized online casinos in 2013. Since then, the industry has experienced steady growth, with online casino revenue consistently outpacing that of physical casinos. The trend towards online gambling shows no signs of slowing down, with more and more players opting to place their bets from the comfort of their own homes.
The rise of online gambling has also had a significant impact on the state’s economy, bringing in millions of dollars in tax revenue each year. In fact, online gambling has become a vital source of revenue for the state, helping to offset the economic impact of the pandemic and other challenges facing the gambling industry.
While online gambling continues to grow in popularity, brick-and-mortar casinos are still an important part of the industry in New Jersey. Many players still prefer the atmosphere and experience of physical casinos, and the two sectors are able to coexist and complement each other.
As online casino revenue edges closer to that of brick-and-mortar casinos, it is clear that online gambling is here to stay in New Jersey. With continued growth and innovation in the industry, online gambling is poised to become an even more integral part of the state’s economy in the years to come.