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 Hong Kong 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 Hong Kong Herald.
More InformationBEIJING, China: China's Green Valley Pharmaceutical company has prematurely ended an FDA approved study on its GV-971 to treat mild ...
SAGAING, Myanmar - According to local sources, clashes erupted this week between a coalition of resistance forces and a 100-soldier ...
HONG KONG: Hong Kong chief administrator Carrie Lam has said that 'Chinese patriots' are now in charge of the city ...
Guwahati (Assam) [India], May 16 (ANI): The Chinese army is carrying out capability enhancement in terms of infrastructure, and operational ...
New Delhi [India], May 16 (ANI): Indian boxers Nikhat Zareen and Manisha continued their brilliant forms to secure themselves medals ...
© Provided by Xinhua BEIJING, May 16 (Xinhua) -- Beijing reported 39 new locally transmitted COVID-19 infections between 3 p.m. ...
ROME, Italy: Italy has announced plans to sell state-owned ITA Airways, the successor to Alitalia, by the end of June, ...
SYDNEY, NSW, Australia - Stocks struggled for direction in Asia on Monday. Early gains evaporated later in the data, although ...
BEIJING, China: China's Green Valley Pharmaceutical company has prematurely ended an FDA approved study on its GV-971 to treat mild ...
SILAO, Mexico: U.S. automaker General Motors (GM) has agreed to raise wages by 8.5 percent, following negotiations with a new, ...
ZAGREB, Croatia: Croatian lawmakers have voted to allow the introduction of the euro currency in 2023. Lawmakers voted 117-13 to ...
TEHRAN, Iran: Iran has abruptly raised prices as much as 300 percent for a variety of staple foods, including cooking ...