Gambling Industry grows in New Jersey
New Jersey state gambling revenue increased to $257.4 million in November 2018, representing an increase of 25% over the same period last year. This is healthy news for the local Industry, and we wanted to tell you more about it today.
2014 was a dark year
Atlantic City has established itself alongside Macau, Singapore, Las Vegas and Monaco as one of the leading international cities for casinos. The gambling industry in New Jersey inevitably depends largely on the financial health of casinos in this single city. When some casinos had to be permanently closed in 2014, the overall results of the entire state turned out to be very poor. Fortunately, the situation has dramatically improved since the opening of two new mega-complexes in Atlantic City.
The numbers are encouraging
Overall, casinos in New Jersey posted a 13% increase in revenue to $209.2 million, while online gambling revenue grew 31% to $26.9 million. However, the biggest growth was in the sportsbook industry, which rose to $21.2 million, up 83% from last month.
General increase in revenue this year
Since the beginning of the year, total New Jersey gaming revenue has increased 8% year-on-year to $2.45 billion. At $2.3 billion, casinos account for the bulk of this revenue, up 3% from 2017.
You do not have to travel to Atlantic City to witness the exciting games that casinos have to offer. That’s because you can find all the best slots or live casino games at the online casinos Lucky31 and DublinBet.