Gambling in the USA
New Jersey Gaming Revenues Up in 2022
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New Jersey gaming revenues have increased in 2022, thanks to the state’s growing casino industry.
According to a report from the American Gaming Association, gaming revenues in New Jersey are expected to reach $4.5 billion by the end of 2022, up from $3.9 billion in 2020. The growth of New Jersey’s gaming industry is being driven by the expansion of the New Jersey online gambling industry.
Let’s explore this further in our analysis below.
How has the pandemic affected gaming revenues in New Jersey?
So, how has the pandemic affected gaming revenues in New Jersey?
The pandemic has had a significant impact on gaming revenues in New Jersey. In 2020, gaming revenues in the state were down by nearly $1 billion compared to 2019. This is largely due to the closure of casinos and other gaming venues for several months during the pandemic. However, there has been some rebound in gaming revenues since casinos and other venues have reopened. 2022 brought in a boost, and 2023 won’t be bad at all. We’ll look at how the gaming revenue in New Jersey may go in 2023 toward the end of this article.
What types of gaming are bringing in the most revenue in New Jersey?
There are different types of gaming that bring in revenue in New Jersey. The ones bringing in the most revenue are casino gaming and online betting. Other types of gaming that also bring in significant amount of revenue include horse racing, lotteries, and online gaming.
The main reason casino gaming brings in the most revenue is that there are many casinos in the state. These casinos offer a variety of games and attractions that bring in tourists from all over the country. In addition, many of the casinos offer hotel accommodation, which further increase the amount of money they bring in.
What is the expected revenue for the gaming industry in New Jersey for 2023?
The projected revenue for the gaming industry in the year 2023 is highly dependent on a number of factors, namely the economy, tourism, and changes in legislation. However, according to a report by the American Gaming Association, the gaming industry in New Jersey is expected to generate $4.8 billion in revenue in 2023. Compared to this year (2022) and last year (2021), this would represent a significant increase. An increase in gaming revenue is typically good news for the state’s economy as a whole, as it indicates that more people are spending money on gaming and tourism.
Gambling in the USA
Revo Casino and Social House in Conway Holds Grand Opening
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Revo Casino and Social House in Conway, New Hampshire, has held its grand opening on Tuesday.
The Conway property is the latest addition to Revo’s growing presence in New Hampshire, joining locations in Dover, Lebanon, Manchester, and Keene.
Revo Casino and Social House’s new amenities include:
• Rebels: A bold dining experience with a full bar and great game-day energy. Revo’s signature restaurant serves up flavorful dishes like the Rebel Smash Burger, flatbread pizzas, and prime rib, making it the perfect spot to eat, drink and enjoy the action.
• Rebel Stage: Featuring live music every weekend.
• Revo Studio powered by iHeartMedia: An in-house broadcast center featuring live iHeart broadcasts. The studio also drives the Soundtrack of the Revolution, a curated music selection that sets the energy and vibe of the property.
Gaming Highlights: 75 thrilling casino machines, including Ultimate Fire Link Explosion, Huff N Even More Puff, and Devil’s Lock. Table games, including blackjack, roulette, and poker tables.
Speakers and guests at the event included Revo President Aaron Gomes, Executive Director of Mount Washington Valley Promotions Lisa DuFault, and the Mount Washington Valley Chamber of Commerce.
“It’s exciting to open Revo Casino and Social House and see the community’s enthusiasm for our gaming, entertainment and dining options. Beyond entertainment, Revo Casino and Social House will also support nonprofits across the Mount Washington Valley. We’re proud to be part of this community and contribute to its success,” said Gomes.
“This facility will make such an incredible difference for so many nonprofits in the Mount Washington Valley. The support that Revo Casino and Social House provides allows organizations like ours to better serve our communities and care for those in need. The impact is truly life changing,” said Lisa DuFault, Executive Director of Mount Washington Valley Promotions.
Gambling in the USA
Gila River Resorts & Casinos hosts $5.9 million Big Game prop play contest
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Gambling in the USA
Spinomenal makes US debut with New Jersey market entry
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Spinomenal, the leading iGaming content provider, has made its US debut after launching an exciting collaboration with a leading operator in the state of New Jersey, and is anticipating many more valuable collaborations with top tier online casinos.
Following impressive growth rates, Spinomenal is making a major move into the New Jersey iGaming market, marking a key step in its global expansion. By entering this crucial U.S. region, Spinomenal will bring its innovative games to a new audience, strengthening its presence and leadership in the iGaming industry.
Spinomenal’s specially selected titles will be going live via Pariplay’s Fusion aggregation platform in the New Jersey market. Some of the outstanding titles being made available for NJ players are Demi Gods II, Majestic Wild Buffalo and Kitsune’s Scrolls.
This marks a major milestone in Spinomenal’s strategic expansion plan, as this debut establishes the company’s initial presence within the New Jersey market, with further growth anticipated across the US iGaming ecosystem. This move underscores Spinomenal’s commitment to expanding its global footprint and further solidifying its position as a leader in the online casino industry.
Lior Shvartz, CEO for Spinomenal commented: “After a decade of establishing and positioning Spinomenal as a leading provider in the iGaming industry, we have now taken a big leap and will provide our exciting content to the esteemed New Jersey audience. We are highly optimistic about entering this prominent market, following the process of obtaining approval from the DGE.”
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