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 Iran Herald 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 Iran Herald.
More InformationSYDNEY, NSW, Australia - A reduction of the official lending criteria in China has boosted stocks on the mainland, and ...
ISTANBUL, Turkey: As state lenders reduced the amount of dollar sales to prop up the currency for the ninth consecutive ...
NEW YORK CITY, New York: Federal officials have announced that Eddy Alexandre, CEO of Valley Stream trading, is facing charges ...
NEW YORK, New York - U.S. stocks again see-sawed on Thursday while the U.S. dollar rally took a well-deserved break."The ...
SEOUL, South Korea: Korean tech giant Samsung Electronics fell two places in Forbes' rankings of the World's Largest Tech Companies ...
Detroit, Michigan: General Motors, Ford and Chrysler parent Stellantis NV said they are reinstating the face mask mandate for employees ...
Former U.S. President George W. Bush has made an embarrassing mistake in criticizing Russian President Vladimir Putin over his decision ...
TEHRAN, Iran: According to social media posts, protests that began last week across Iran over a reduction in state subsidies ...
DUBAI, United Arab Emirates: Emirates Air, one of the world's largest airlines, said it lost $1.1 billion over the past ...
ABU DHABI, 20th May, 2022 (WAM) -- Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, yesterday participated in ...
ABU DHABI, 20th May, 2022 (WAM) -- President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory ...
Minsk may be granted a waiver in exchange for shipping Ukrainian grain, a US official reportedly saidThe US is considering ...