New Jersey Expects Online Casino Revenues to Go Up Further
The New Jersey Office of the Attorney General reported last week that the online casino industry in the state is doing great and is predicted to even do better in 2022.
Total gaming revenue from casinos, racetracks, and their partners reached $404.1 million In December 2021. That figure was a significant increase from the $312.9 million posted in December 2020. Online gaming revenue also improved by 33.9% from December 2020.
Online Casinos Boomed During the Start of the Pandemic
Online casinos experienced a boom during the start of the COVID-19 pandemic when states shut down land-based casinos. In New Jersey, the online casino industry kept on posting record-breaking numbers as bettors were forced to place bets from their home computers and mobile devices.
According to the New Jersey Division of Gaming, the 2020 pandemic significantly reduced the revenues of traditional casinos as most gamblers turned to online platforms, even after the traditional casinos re-opened. During this period, the agency said that online casino revenue doubled.
The convenience of Mobile Gaming
More than ever, mobile gaming has made online casinos popular in New Jersey. As the competition continues to increase, operators are forced to improve the quality of their services to beat their rivals. Currently, there are nine land-based casinos in Atlantic City and each of them operates its own online casinos, sportsbooks, and poker sites.
Mobile gaming has made online casinos in New Jersey more convenient than ever as bettors can now place wagers and make money without having to travel to land-based casinos. In addition, mobile gaming enables people to play casino games from wherever they want. People can now place bets on slots, table games, poker, and even sports with no legal complexities.