TRENTON, New Jersey: The New Jersey Attorney-General has reported that the state's online casino industry is predicted to increase its revenues in 2022 to over $400 million.
In December 2021, total gaming revenue from casinos, racetracks, and their partners reached $404.1 million, a significant increase from the $312.9 million recorded in December 2020. Online gaming revenue also rose by 33.9 percent from December 2020.
During the COVID-19 pandemic, the online casino industry experienced a boom, as gamblers placed bets from their home computers and mobile devices. In New Jersey, online gambling continued to post record-breaking numbers.
According to the New Jersey Division of Gaming, the pandemic also significantly reduced the revenues of traditional casinos, as most gamblers turned to online platforms even after casinos re-opened, adding that online casino revenue has doubled.
Mobile gaming has made online casinos more popular in New Jersey, and as competition continues to increase, operators must improve the quality of their services to compete with rivals.
There are currently nine land-based casinos in Atlantic City, with each operating online casinos, sports books and poker sites.
Mobile gaming has made online casinos in New Jersey more convenient, with bettors now able to place wagers without having to travel to casinos, as well as play casino games from wherever they choose.
Gamblers can now legally place online bets on slots, table games, poker and even sports.