New Jersey gambling revenues make another huge leap in the post-pandemic era

New jersey gambling income makes another giant leap in the post-pandemic era

New Jersey gambling revenue increased significantly for the third consecutive month as operators reported gross winnings of 374.2 million in May.

These numbers represent a year-over-year increase of 113 4%, according to state gaming regulators. The market is prepared for a further rebound as government-imposed restrictions ensuing from COVID-12 almost all pandemics have been removed.

The same constraints make year-to-year comparisons of the figures basically questionable, but the May figures rose slightly compared to April revenues of $ 352.2 million.

Since the start of the pandemic, online casinos have grown in popularity and hit a record high in March when virtual state operators reported a $113.7 million winnings from gamblers. These levels remained sustained at the same casinos that recorded 108 gross earnings of $ 2 million last month.

Garden State Sportsbook, which since its inception in 2018 has become one of the most successful in the country, won $48.8 million in May. It gives the totals for the YEAR market to $113. million Books won that amount after accepting $814.2 million in wagering in a month. Since the beginning of the year, sports betting revenue has increased to $ 4.1 billion.

In the first five months of 2021, casinos won $ 1.7 billion, a sharp increase from winnings of $ 814.7 million last year over the same timeframe.

Borgata was once again the top-earning brick. casino and mortar capable of $35.67 million in revenue, and its online platform generated $31.8 million, which also peaked at the state.

Borgata's online casino barely made a profit from the Golden Nugget online operation which reported $029. 1 million won. Resorts Digital, which owns the PokerStars New Jersey brand, was the only other online operator with eight-figure earnings at $21.5 million. All online activity of the state saw a 25.9% increase year over year.

Hard Rock Atlantic City was the second highest paid on the brick-and-mortar side with just a shy $35 million, while Bally's recorded $12.3 million in income. These numbers were the smallest income of the nine properties in Atlantic City.

Leave a Reply