- New Jersey Online Casino List
- New Jersey Online Casino Revenue
- New Jersey Online Casino Revenue Status
Online Casino Revenue in New Jersey up by 129%. The New Jersey Department of Gaming Enforcement released May figures recently, displaying that online casinos reported a total of $85.9 million in revenue. Compared to May 2019, there’s a 129% year-on-year increase, all of it being a direct result of nation-wide casino shutdown. New Jersey Online Gambling Revenue Updated on October 15, 2019 Every month the Division of Gaming Enforcement in New Jersey discharges the past month’s legitimate web based gambling revenue for each organization. New Jersey went over $200 million in 2020 mobile sports betting revenue in September, while Pennsylvania topped $87 million. MichiganSharp.com projects that online casinos and sports betting could bring in $650 million in annual revenue for Michigan's commercial and tribal casinos. With competition heating up in the space, it becomes all the more important to find a resource where one can see the full list of online casinos in New Jersey. Online Casino Revenue is on the Rise. There are ample statistics to back up these claims. Research confirms that online gambling revenue in New Jersey spiked to $482.7 million in 2019.
New Jersey brick-and-mortar casinos are still closed, but the online versions set record revenue in May.
According to figures released by the New Jersey Department of Gaming Enforcement, online casinos in the Garden State won $85.9 million during the month. The figure represents a whopping 129 percent year-over-year increase from May 2019 and sets a record for online gaming revenue.
Sports betting revenue, which also needed to be placed online but isn’t counted in online gaming revenue, added another $9.9 million in revenue, bringing the gross gaming revenue to $95.9 million.
New Jersey Online Casino List
With the brick-and-mortar iterations closed, the overall numbers took a predictable 65.4 percent decrease from the $276.8 million won in May 2019, but those numbers will return to normal when Atlantic City casinos reopen.
According to both Gov. Phil Murphy and Atlantic City Mayor Marty Small Sr., that day will likely come in July.
New Jersey onlinepoker generated $4.5 million in rake, down 12 percent from its record-setting April, but still up 151 percent year-over-year.
While many state governments that rely on gambling for revenue were struggling, New Jersey still collected $14.2 million in tax revenue. The state taxes gross gaming revenue at a rate of 8 percent, but taxes internet gaming revenue at 15 percent.
New Jersey Online Casino Revenue
Nevada, on the other hand, which only has onlinepoker at its disposal, only collected taxes on the $3.65 million in rake collected by the Caesars-owned WSOP.com in April, the most recent data released by regulators.
Sports betting is also available online in the Silver State, but until recently, it required in-person registration. That in-person requirement was obviously not available while casinos were forced to close their doors.
June 17, 2020New Jersey Online Casino Revenue Status
The closure of many live casinos in New Jersey during the Covid-19 pandemic has been beneficial to online casinos located in the state. New Jersey once again posted record revenues for online casinos in May 2020. Some are hoping this is a trend that will continue after the live casinos have reopened.
Almost $86 million was wagered in New Jersey's online casinos during the month of May 2020. The majority of money was bet on table games and virtual slot machines. These games are preferred by online players in New Jersey.
Sports betting revenue also increased. This comes as a mild surprise given that most live sporting events were either delayed or cancelled as a result of the pandemic. Online poker revenues were up 150% during the month, another impressive stat. Online gambling across the board has experienced a boom in New Jersey.
What do these numbers mean for both live and online casino gambling in New Jersey? Some believe that many players will continue to play online gambling games once the live casinos in the state are open again. Others hope that online gambling has brought new players to the games offered by live casinos. Both scenarios are positive for gambling operators. Most online gambling sites in New Jersey are affiliated with a live casino venue.
Online gambling could become more attractive in the coming months as online casinos and sportsbooks compete for player action. This will likely mean more attractive bonuses for players to take advantage of in the months ahead.