July 2020 has been the biggest month on record for New Jersey's online casinos. It seems that land-based casino closings didn't curb Garden State residents' desire to gamble. July saw record numbers!
The online casinos saw casino and poker saw $87,492,952 in revenue in July this year. Compare that to last July's 39,315,731, and you'll see a 122.5% increase!
It should come as no surprise that Golden Nugget's online casino was the big winner yet again in July. They pulled in a whopping $31,480,080 (compared to their $14,895,411 in July 2019). In a very distant second place, Resorts brought in $18,031,664, then Borgata with $15,297,228.
This is an improvement over the record-high numbers we saw in May: $85.9 million.
Online casinos have seen a steady rise in New Jersey since they were first legalized in 2013. While neighboring Pennsylvania and Delaware also have online casino markets, it seems that New Jersey's only competition is with itself.
January through July 2020 saw $510m in revenue. This means in the first seven months of 2020, they have already beaten the $482m gained over the whole of 2019.
Despite COVID measures, online casinos are seeing a steady increase. While some casinos are closing and others are open with some distancing measures, it's no surprise that casino closings are diverting gamblers to online casinos.
The question is, will online casino players return to the land-based casinos once they reopen? There are many reasons to play online instead, including great no deposit bonuses, free spins, and more transparency for Return to Player. Still, we foresee that the good relationship between online and physical casinos will continue in the future.
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