Photo credits: ciobulletin.com
NJ Online Casinos Register High Revenue Numbers in July
The online gambling industry in New Jersey is moving forward with high revenue figures. In July, a gross revenue of $87.49m was registered from online casinos.
Borgata Casino and Hard Rock Casino were the only two who registered lower revenue than June and Ocean Resort Casino had the highest percentage increase when comparing July 2020 revenue to July 2019 revenue.
Even though the year 2020 is just over halfway through, the online casino GGR is predicted to be around $1.4bn, almost triple the gross revenue registered for the whole year of 2019. This is only possible if the online casino industry continues at the same pace.
The recent circumstances including the closure of all land-based casinos across the country had a significant impact on the recent surge registered by online casinos. It should be noted that whilst NJ online casinos are registering an increase, NJ Poker sites have registered a decrease in revenue for the past two months.
