GAMBLING REVENUES IN NEW JERSEY ROSE 10.4% IN FEBRUARY

The Division of Gaming Control, New Jersey’s regulator, released a fresh report on the performance of the sector in the region in February 2023. Compared to the same month last year, gaming revenue grew 10.4%, from $373.3 million to $412.2 million.

According to the regulator, year-to-date revenue reached $849.1 million, up 12.5% from the same period in 2022, when gaming revenue totaled $755 million. More importantly, total gaming revenue for February of this year surpassed pre-pandemic results. While 2019 and 2020 combined February revenues were $241.2 million and $287.3 million, respectively, the result in 2023 was $412.2 million.

  • New Jersey’s licensed gambling operators contributed nearly $7 million in taxes. Of that amount, casino tax liabilities accounted for $6.5 million.

According to the regulator’s report, gaming revenues in February were largely driven by strong performance from online gambling as well as sports betting. The latter generated $54.6 million in revenue in February. This marks a significant increase of 76.9 percent from the $30.9 million result in the same period the previous year. Betting operators reported betting revenue of $801.4 million online and $46 million at retail bookmakers in February.

The iGaming industry also saw a surge in revenue. Total online gaming prize money recorded in February reached $142.6 million. Growth was also seen in the land-based casino sector. Here, total winnings for the month totaled $215 million, up 1.2% from the same period in 2022.

Read the news and articles section on Bonus Hunting to keep up with the latest news in online gambling.

New Casinos
5.0 rating
FULLY ANONYMOUS
No KYC
4.8 rating
Sign Up Bonus
100% + 100 Free Spins
4.8 rating
Welcome Package
375% up to 1 BTC + 185 Free Spins
4.8 rating
Level-Up Rewards
Rakeback Opportunities
4.5 rating
WELCOME PACKAGE
200 % up to 20000 USDT

Subscribe to Newsletter

no bullshit