Online casinos in New Jersey continue to soar in popularity, with revenue closing in on the $1 billion mark as we await June data from regulators. The Garden State’s iGaming industry has shown phenomenal growth in recent months, with players turning to online casinos for entertainment and a chance to win big.
According to Play NJ’s latest report, online casinos in New Jersey generated nearly $958 million in revenue in May, marking a record-breaking month for the state’s iGaming market. This impressive figure represents a 12% increase from April and a staggering 115% jump from the same period last year.
The surge in revenue can be attributed to several factors, including the continued closure of land-based casinos due to the COVID-19 pandemic, as well as the increasing popularity of online gambling among residents. With brick-and-mortar casinos operating at limited capacity and some players still hesitant to visit crowded gaming venues, online casinos have become a safe and convenient alternative for those looking to enjoy their favorite casino games from the comfort of home.
Several operators have reported strong performance in May, with top online casinos such as Golden Nugget, Borgata, and Resorts leading the way in terms of revenue. These brands have invested heavily in their online platforms, offering a wide range of games, generous promotions, and top-notch customer service to attract and retain players.
As we eagerly await the June data from regulators, industry experts are predicting another record-breaking month for online casinos in New Jersey. With the summer season in full swing and more players looking to unwind and have fun, online casinos are expected to see continued growth in revenue and player engagement.
The rise of online casinos in New Jersey has also sparked interest from other states looking to legalize and regulate iGaming. New York, Pennsylvania, and Michigan are among the states currently considering legislation to allow online casinos, potentially expanding the market and creating new opportunities for operators and players alike.
Overall, the future looks bright for online casinos in New Jersey as they inch closer to the $1 billion revenue milestone. With a diverse and competitive market, innovative technology, and a growing player base, the Garden State’s iGaming industry is well-positioned for continued success in the months and years ahead.
