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 Vietnam Tribune 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 Vietnam Tribune.
More InformationSAGAING, Myanmar - According to local sources, the army raided and set fire to at least seven villages along the ...
BENGALURU, India - A special Indian court sentenced notorious human-trafficking suspect Rifadul Islam, aka Ridoy Babo, and six other Bangladeshi ...
NEW DELHI, India: Skyroot, India's first privately held company to design, build and test a solid rocket propulsion system, successfully ...
ISLAMABAD, Pakistan - The Federal Directorate of Immunisation (FDI) inaugurated a dry storage warehouse on Saturday to increase storage capacity ...
KATHMANDU, Nepal Nepal is expected to have surplus energy starting this monsoon, which India is eager to buy. Still, the ...
YANGON, Myanmar - A junta spokesperson said in a press conference on Thursday that Myanmar's military council objected to a ...
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 ...
WASHINGTON D.C.: The Department of Justice has said that an American citizen and four Chinese intelligence officers have been charged ...
WASHINGTON D.C.: Due to the inability of businesses to hire enough workers, the U.S. has announced that it will grant ...
WASHINGTON D.C.: U.S. senators Elizabeth Warren and Mike Rounds have introduced a bipartisan resolution requesting the Federal Trade Commission (FTC) ...
MOSCOW, Russia: According to preliminary data released by the finance ministry this week, almost three months after Moscow's invasion of ...