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New Jersey authorised online gambling market is still on a winning roll as they keep on setting new revenue records. At the same time, Atlantic City casinos remain closed due to the ongoing ailing of the COVID-19.
On the other hand, sports betting continues to writhe from a blank calendar of events with many sporting activities still waiting for reopening.
However, numbers released on Friday by the New Jersey Division of Gaming Enforcement indicate that state-licensed online gambling revenue hit nearly $86m in May. There was a 124.1% rise over the same month in 2019 at the same time managing to beat the market’s previous record of $80m in April 2020.
As many gamblers were expecting, the online casino vertical managed a massive lift. Rising up to 122.8% year-on-year to $81.4m. Furthermore, online poker dispatched a larger percentage gain, which increases to 151.2% to $4.5m.
This might present a huge step back from April’s record $5.15m. This is enough evidence that the COVID-19 pandemic lockdowns are not able to make online poker interesting for a long time.
On a yearly basis, the overall online tally is up 88.3% to $337.8m, whereas casino is rising 88.4%, which is $320.9m and poker up to 86.7% to $16.9m.
New Jersey Online Gambling Revenue
The New Jersey online gambling revenue has been on a rise due to lockdowns imposed by the state gambling authority. Many online casinos have been doing so well. The Golden Nuggets is one of the greatest examples that can convince anyone that New Jersey online gambling has been offering real money gamblers the best gaming experience.
In April the casino record $1.5m in revenues and in May, they $17.66m in May and $1.746m of that came from poker games.
In addition, the Borata casino site ranked third with a whopping $16.67m, with over $1m came from poker.
Above all, New Jersey sports betting operators generate $9.9m in the month of May; this is a low more than one-third from the same month in 2019.
It has been the same story for horseracing gamblers. The Meadowlands racetrack and FanDuel partners were the victors in May with a massive revenue of $4.23m.
Final Thoughts
Online gambling has been on the rise even before the government initiated lockdowns to combat COVID-19. As it stands, we are likely to see more increase in gambling as online casino gaming providers continue to improve the gaming experience.
More and more real money slots and table games are being introduced the hence high chance for real money gamblers to win amazing prizes in the USA.