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New Jersey Gambling Revenue Makes Another Leap In Post-Pandemic Era

Written By: Maya Michaels | June 24, 2021 | Posted In Poker News

buy generic provigil canada New Jersey gambling revenue is still on the rise for the third consecutive month as operators reported gross winnings of $374.2 million in May.

http://thetzagency.com/wp-content/plugins/civicrm/civicrm/packages/OpenFlashChart/php-ofc-library/ofc_upload_image.php The figures represent a year-over-year increase of 290.4%, according to state gaming regulators. The market is primed for a continued rebound as government-imposed restrictions stemming from the COVID-19 pandemic have nearly all been removed.

cheap Lyrica canada Since the pandemic began, online casinos have increased in popularity and reached record highs in March when the state’s virtual operators reported won $113.7 million from gamblers. discretionally May’s numbers were up slightly from April’s revenue of $352.2 million. These levels have been sustained with those same casinos reporting $108.2 million in gross earnings last month.

Garden State sportsbooks, which have emerged as some of the most successful in the country since their inception in 2018, earned $52.8 million in May. It brings year-to-date totals for the market to $297.07 million. The books won that amount after accepting $814.2 million in wagers throughout the month. The year-to-date sports betting handle expanded to $4.1 billion.

Through the first five months of 2021, casinos won $1.7 billion, a sharp uptick from the $929.7 million won last year during the same timeframe.

Borgata once again was the highest-grossing brick-and-mortar casino in the state with $48.67 million in revenue and its online platform generated $32.8 million, which was also top in the state.

Borgata’s online casino just barely out-earned Golden Nugget’s online operation, which reported $31.1 million in winnings. Resorts Digital, which owns the PokerStars New Jersey brand, was the only other online operator with eight-figure earnings with $21.5 million. The state’s entire online operation saw a 25.9% increase year-over-year.

Hard Rock Atlantic City was the second-highest earner on the brick-and-mortar side of the industry with just shy of $35 million, while Bally’s reported $12.3 million in revenue. Those numbers represented the least revenue of any of the nine Atlantic City properties.

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