New Jersey Online Casino Revenue Rises Again in May 2020
June 17, 2020
The closure of many live casinos in New Jersey during the Covid-19 pandemic has been beneficial to online casinos located in the state. New Jersey once again posted record revenues for online casinos in May 2020. Some are hoping this is a trend that will continue after the live casinos have reopened.
Almost $86 million was wagered in New Jersey's online casinos during the month of May 2020. The majority of money was bet on table games and virtual slot machines. These games are preferred by online players in New Jersey.
Sports betting revenue also increased. This comes as a mild surprise given that most live sporting events were either delayed or cancelled as a result of the pandemic. Online poker revenues were up 150% during the month, another impressive stat. Online gambling across the board has experienced a boom in New Jersey.
What do these numbers mean for both live and online casino gambling in New Jersey? Some believe that many players will continue to play online gambling games once the live casinos in the state are open again. Others hope that online gambling has brought new players to the games offered by live casinos. Both scenarios are positive for gambling operators. Most online gambling sites in New Jersey are affiliated with a live casino venue.
Online gambling could become more attractive in the coming months as online casinos and sportsbooks compete for player action. This will likely mean more attractive bonuses for players to take advantage of in the months ahead.