Robert Besser
12 May 2022, 03:53 GMT+10
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.
Get a daily dose of Knoxville Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Knoxville Times.
More InformationSYDNEY, NSW, Australia - It was a lukewarm day for stocks across Asia Wednesday with little movement in either direction.In ...
NEW YORK CITY, New York: The Wall Street Journal has reported that Apple has told some of its contract manufacturers ...
MOLINE, Illinois: After missing Wall Street revenue targets, Deere and Co. said it was having difficulty securing parts for its ...
NEW YORK, New York - U.S. stocks, bonds, and the dollar fell heavily on Tuesday as economic data revealed a ...
HANOI, Vietnam: Vietnam's government announced that it has removed Le Hai Tra, general director of the Ho Chi Minh Stock ...
NEW YORK CITY, New York: Tech firms have slowed or frozen hiring, and even accelerated layoffs, in response to the ...
TEXAS [US], May 25 (ANI/Big News Network): The death toll in the mass shooting incident at a school in Texas ...
LONDON, England: Citing a U.S. official, the Financial Times reported this week that during the Quad summit in Tokyo, the ...
ATHENS, Greece: In a significant move for Greece, which has intensified its campaign to bring back sculptures from its most ...
TOKYO, Japan: China's efforts to develop areas in the East China Sea are "unacceptable," Japanese Prime Minister Fumio Kishida said ...
SAN FRANCISCO, California: In a letter released this week, the archbishop of San Francisco, Salvatore Cordileone, said U.S. House Speaker ...
BERLIN, Germany: At least 43 people were injured after a tornado struck the western German city of Paderborn on May ...