New Jersey Gaming Revenues Up in 2022
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New Jersey's gaming revenues are expected to reach $4.5 billion by the end of 2022. This is up from $3.9 billion in 2020. The growth of New Jersey’s gaming industry is being driven by expansion of the New York online gambling industry.
The pandemic has had a significant impact on gaming revenues in New Jersey. In 2020, gaming revenue in the state was down by nearly $1 billion compared to 2019. However, there has been some rebound in gaming Revenue since casinos and other venues reopened.
There are different types of gaming that bring in revenue in New Jersey. The ones bringing in the most revenue are casino gaming and online betting. Other types that also bring a lot of revenue include horse racing, lotteries, and on-line gaming.
The gaming industry in New Jersey is expected to generate $4.8 billion in revenue in 2023. This is a significant increase from this year and last year. An increase in gaming revenue is good news for the state's economy.
