2019, most profitable year for NJ’s online gambling market

2019, most profitable year for NJ’s online gambling market

With December numbers in, New Jersey’s online gambling vertical has recorded its most profitable year yet.

US.- The New Jersey Division of Gaming Enforcement (DGE) has released the December total gaming revenue results. The latest report shows that US$287.3 million were perceived in total gaming revenue during last month’s operations. This figure is an 11% increase over the US$258.9 million that the state had registered in December 2018.

Online gambling operations in the state totalled a combined US$78.7 million in revenue in December, a slight decrease from the US$82 million registered in November. This brings the combined total online gambling revenue in 2019 to US$782.1 million.

New Jersey’s online gambling segment increased revenues by 61.6% in one year, as the total from 2018 was US$392.7 million, and setting 2019 as the most profitable to date, according to BonusSeeker.com.

Sports betting was another vertical that experienced stellar results in 2019. Revenues totalled US$299.3 million, a significant increase from the US$94 million from 2018.

Total gaming revenue

The industry’s total gaming revenue in 2019 was US$3.4 billion, up 19.5% from the US$2.9 billion in the prior period. According to the figures from the DGE, casino win was US$2.6 billion or a 7% increase over 2018.

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New Jersey online gambling