{"id":4170,"date":"2019-08-17T05:26:33","date_gmt":"2019-08-17T05:26:33","guid":{"rendered":"https:\/\/casinous.com\/?p=4170"},"modified":"2021-03-26T12:18:37","modified_gmt":"2021-03-26T12:18:37","slug":"nj-online-gambling-industry-surpasses-revenue-record-again","status":"publish","type":"post","link":"https:\/\/casinous.com\/nj-online-gambling-industry-surpasses-revenue-record-again\/","title":{"rendered":"NJ Online Gambling Industry Surpasses Revenue Record Again"},"content":{"rendered":"<p class=\"post-modified-info\"><a class=\"last-modified-author\" href=\"https:\/\/casinous.com\/author\/warlock\/\">Kyle<\/a> | August 17, 2019 | Updated on: March 26th, 2021<\/p><p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-4176\" title=\"NJ Online Gambling Revenue\" src=\"https:\/\/casinous.com\/wp-content\/uploads\/2019\/08\/nj-online-gambling-revenue.png\" alt=\"nj-online-gambling-revenue\" width=\"150\" height=\"150\" srcset=\"https:\/\/casinous.com\/wp-content\/uploads\/2019\/08\/nj-online-gambling-revenue.png 150w, https:\/\/casinous.com\/wp-content\/uploads\/2019\/08\/nj-online-gambling-revenue-65x65.png 65w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/>New Jersey online casinos as a collective industry have again made record revenue numbers. Earlier this year, in March, record revenues were generated in the industry since it was fully legalized. This month of July, the state collected just over to $53 million, which is over 32% more than what was generated in March.<\/p>\n<p>The legalization of sports betting was clearly a great financial move for the state. The NJ Division of Gaming Enforcement released data with specific details detailing what was generated via sportsbooks and online casinos. There is a comparison of the total made this year and the same time last year. Follow along with us as we check out the highlights of this month in the world of <a href=\"\/new-jersey-gaming-revenues-rising-from-sports-betting\/\" target=\"_blank\" rel=\"noopener noreferrer\">internet gambling<\/a> in New Jersey.<\/p>\n<h2>What does the NJ Online Gambling Data Show?<\/h2>\n<p>The continued upward surge can only be attributed to the legalization of web-based gambling on a grander scale. Despite the previous access to online casinos at some levels, there were limitations regarding what internet gambling was available to US players in New Jersey. Once online sports betting was legalized, the profits were hugely significant. The state was evidently hungry for the change.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-4174\" title=\"Online Gambling Revenue Record New Jersey\" src=\"https:\/\/casinous.com\/wp-content\/uploads\/2019\/08\/online-gambling-revenue-record-new-jersey.jpg\" alt=\"online-gambling-revenue-record-new-jersey\" width=\"500\" height=\"333\" srcset=\"https:\/\/casinous.com\/wp-content\/uploads\/2019\/08\/online-gambling-revenue-record-new-jersey.jpg 500w, https:\/\/casinous.com\/wp-content\/uploads\/2019\/08\/online-gambling-revenue-record-new-jersey-300x200.jpg 300w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/p>\n<p>Some of the highlights recorded:<\/p>\n<ul>\n<li><strong>Total<\/strong> Revenue in July was $39.3 million \u2013 this is a 51.8% increase from last year July<\/li>\n<li><strong>Online casinos<\/strong> raked in $37.4 million which is a 55.6% growth from same time last year<\/li>\n<li><strong>Online poker sites<\/strong> collected $1.9 million a small but positive 2.1% growth<\/li>\n<li><strong>Sports Betting Revenue<\/strong> in total is $17.9 million of which over $13 million of that revenue is directly from online betting on sports<\/li>\n<\/ul>\n<p>Poker Cardrooms have not benefited from the significant boom that online casinos and sports betting sites have seen.<\/p>\n<p>Not only the gambling sites have seen a positive growth. Casino Resort operators in the state have also been recording boosts. Unfortunately, Ocean Casino Resort is not amongst those with highlights. The casino resort has been struggling over the last year going through three different owners in the time period. Hopefully, the next financial year gets better for them.<\/p>\n<p>Will New Jersey\u2019s <a href=\"\/michigan-state-on-the-verge-of-legalizing-all-gambling\/\" target=\"_blank\" rel=\"noopener noreferrer\">online gambling industry<\/a> continue on its upward rise? We will keep an eye on updates. Keep following us here for more casino and gambling news.<\/p>\n<h3>More Casino Related News:<\/h3>\n<ul>\n<li><strong><a href=\"\/hard-rock-opens-casino-information-centre-in-rockford\/\" target=\"_blank\" rel=\"noopener noreferrer\">Hard Rock Opens Casino Information Centre in Rockford<\/a><\/strong><\/li>\n<li><strong><a href=\"\/microgaming-presents-tiki-vikings\/\">Microgaming Presents Tiki Vikings<\/a><\/strong><\/li>\n<li><strong><a href=\"\/maryland-gambling-tax-revenue-surpass-us1-3-billion-in-2019\/\" target=\"_blank\" rel=\"noopener noreferrer\">Maryland Gambling Tax Revenue Surpass US$1.3 Billion in 2019<\/a><\/strong><\/li>\n<li><strong><a href=\"\/microgaming-expands-in-italy-with-sks365-deal\/\" target=\"_blank\" rel=\"noopener noreferrer\">Microgaming Expands in Italy with SKS365 Deal<\/a><\/strong><\/li>\n<li><strong><a href=\"\/betting-complaints-increase-by-5000-percent-uk\/\" target=\"_blank\" rel=\"noopener noreferrer\">Betting Complaints Increase By 5000% In Five Years<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Kyle | August 17, 2019 | Updated on: March 26th, 2021New Jersey online casinos as a collective industry have again made record revenue numbers. Earlier this year, in March, record revenues were generated in the industry since it was fully legalized. This month of July, the state collected just over to $53 million, which is [&hellip;]<\/p>\n","protected":false},"author":18,"featured_media":4174,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14231,3697,3699,14230],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.0 (Yoast SEO v22.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NJ Online Gambling Industry Made $53.2 Million in July - News<\/title>\n<meta name=\"description\" content=\"NJ Online Gambling revenue is still on its upward rise. July 2019 sees the state exceeding past recorded figures. 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