Online carrying New Jersey gambling revenue

With Atlantic City still struggling to attract customers because of the COVID-19 pandemic, both online gaming and sports betting have stepped up to help fill the void.

Online casino gaming continues to carry New Jersey’s gambling revenue.

After posting its first triple-digit month in January, online gaming once again buoyed the state’s sagging revenue numbers in February, generating $93.8 million. These numbers according to the New Jersey Division of Gaming Enforcement, released on March 16.

The $93.8 million in revenue was roughly $10 million less than January, when, for the first time, the state’s internet gambling revenue crossed $100 million: According to the New Jersey Division of Gaming Enforcement, there were $103.7 in revenues for the first month of 2021.

That figure beat December’s total of $99.4 million.

Still, February’s numbers represented an 80.4% increase over the month’s numbers from 2020.

With Atlantic City still struggling to attract customers because of the COVID-19 pandemic, both online gaming and sports betting have stepped up to help fill the void. In fact, sports betting has seen an even bigger increase than online gambling over the past year, with their $16.4 million revenue in February good for a 244% increase over the previous year, according to the figures released.

Combined with online gambling revenues, nearly 42% of New Jersey’s gambling revenues have come from online gaming or sports betting, which is more than double the previous year.

Obviously, the in-person casino numbers will increase once casinos start opening COVID-19 restrictions on customer capacity, amenities and in-casino entertainment, but the figures continue to point to a trend that is increasingly hard to ignore: Online gaming has become a very vital part of the New Jersey economy.

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