Probably to the dismay of Atlantic City casinos, it has been revealed that online gambling growth in New Jersey increased during the month of August
New Jersey’s decision to legalize and regulate online gambling was seen as a slap in the face to many of the country’s casinos, but it appears that decision could be bringing in significant tax money, as the state just made US gambling news by recording significant online gambling growth during the month of August.
The internet gambling win brought in during August is said to have been $16.1 million, according to the New Jersey Division of Gaming Enforcement, which represents a 31.6% increase from last August. Land-based casinos reported to have brought in $229.8 million, 6.7% less than last year.
In total, the gambling industry in New Jersey brought in $245.9 million for the entire month. That includes bingo online for money USA gambling, as well as sports betting, online casinos, and internet poker in the US.
What does most of the online gambling growth come from?
The reports from the NJDGE do not specifically mention what form of online gambling brought in the most revenue during August, but it seems likely that online sportsbooks in the US such as GTBets were major cash grabbers for the month. We already reported on the huge sports betting boom in France during August, and it seems likely that the same occurred in New Jersey.
It remains to be seen whether this trend continues for months to come. The NFL season has just kicked off, and the MLB season is heading into the playoffs. If you like to bet on sports in the US, this will be an exciting fall season.
Do you think the online gambling growth in New Jersey will hurt the land-based casino business? Will it continue to thrive now that two major sports seasons are underway? Let us know by leaving a comment below!