In a groundbreaking turn of events, New Jersey online casinos have hit a record revenue of $198.4 million in the month of July, marking a significant milestone in the state’s booming online gambling industry. This surge in revenue comes as a result of the continued growth and popularity of online gambling platforms, with more and more players turning to the convenience and accessibility of online casinos.
According to data released by the New Jersey Division of Gaming Enforcement, the online casino revenue for July represented a 42.6% increase from the same month last year. This impressive growth is a testament to the increasing acceptance and adoption of online gambling in the state. In fact, July marked the fifth consecutive month that online casino revenue in New Jersey surpassed the $100 million mark, underscoring the sustained success of the industry.
One of the major contributors to this record revenue is the rise in sports betting, which continues to gain traction in New Jersey. The state’s online sportsbooks generated a total handle of $766.9 million in July, with $480.3 million coming from mobile betting. This marks a 44.9% increase in total sports betting handle compared to July 2020, further highlighting the growing popularity of online sports betting in New Jersey.
The success of New Jersey’s online gambling industry can also be attributed to the constant innovation and improvement of online casino platforms. With a wide range of games, promotions, and bonuses available to players, online casinos in New Jersey are constantly evolving to meet the needs and preferences of their customers. This dedication to providing a top-notch gaming experience has undoubtedly played a crucial role in attracting and retaining players, leading to the record revenue seen in July.
As online gambling continues to thrive in New Jersey, experts predict that the industry will only continue to grow and expand in the coming years. With more players turning to online casinos and sportsbooks for their gaming needs, it is clear that the future of online gambling in New Jersey is bright and promising. As the industry continues to evolve and innovate, it is expected that we will see even more record-breaking revenue numbers in the months and years to come.