The increase in New Jersey online gambling revenue offset the overall decline during the three months of closure, which represented an overall loss of more than 65% on sales.
New Jersey is one of the fastest growing virtual industries in 2020, breaking a national sports betting record of $ 668 million in August, up 112% from $ 315.1 million, according to official data registered in July.
An unprecedented increase
With sales of approximately $ 670 million in August, New Jersey surpassed the $ 8 billion in sports betting since its launch in June 2018. It established itself as the largest and safest market in New Jersey, the USA after PlayNJ.
James Plousis, President of the New Jersey Casino Control Commission, affirmed, “The Atlantic City casinos net income reached nearly 70% year-on-year, a high performance month, although it did not in the months you are due to restrictions on Capacity, equipment and entertainment somewhat comparable. “However, he reiterated that since September 4th, the day on which indoor catering was allowed to resume, it is estimated that this will be reflected in the income reports for the next month, with which the expectation grows significantly. In addition, the sports betting industry record in New Jersey far surpassed the previous record in Nevada.
After the winning bets paid out, casinos and racetracks reported $ 39.5 million in sports betting income in August 2020. Online gambling grossed $ 87.7 million. Millions, which doubles the amount raised last year.
The Golden Nugget and Ocean Resort casinos saw revenue increases year over year. Ocean rose 3.7% to $ 26.6 million and Golden Nugget rose 2.5% to $ 37 million.
Legal casinos in New Jersey
Right now there are only a few online casinos that can be operated in New Jersey and you can see this list. It should also be noted that most of the operators have excellent picture and sound quality so that players can enjoy the innovative design while placing their bets. Before deciding which New Jersey Casino to play at, you need to know all the details each platform needs in order to choose the one that best suits their personal needs.
What games are there in New Jersey casinos?
One of the most important characteristics in the world of gambling is the variety of games offered by the different platforms. Welcome bonuses are another crucial factor in choosing a place to bet. The most common games offered by the various casinos in town include the following:
-I said no
– scratch cards
While slots are the most common game in urban casinos, they are not the most popular. The wide range of roulette, blackjack, baccarat and poker offers the opportunity to choose the most suitable entertainment for each player. While not everyone has the same tastes, the Atlantic City blackjack tables are the most sought-after and the house edge is really small.
With a year impacting the global economy, the rise in online gambling revenue is undoubtedly relevant news and has pleasantly surprised those who offer the online gambling service in New Jersey City.