- Online gambling in New Jersey reaches record-breaking highs in March 2021.
- This comes just two months after January broke $100 million for the first time.
- iGaming in total is up 75.4% year over year.
TRENTON, N.J. - The New Jersey Division of Gaming Enforcement (DGE) released its monthly reports showing a record-setting high in iGaming revenue.
Not only did March see significant growth month over month, but the year over year numbers also show that the entire market has ballooned to all-time heights.
The New Jersey online gambling market continues to prove to be one of the largest markets in the country with no signs of slowing down.
It is important to note that the market may have suffered in 2020 due to COVID-19 lockdowns statewide, which could have affected the overall activity and revenue seen at online casino operations.
New Jersey iGaming fans have been steadily more active, however, as January was the first month that more than $100 million was collected in revue from online casinos only for the record to be broken just two months later.
The growth is even more staggering when comparing online gambling in New Jersey overall in the last year compared to others.
From 2017-2019, revenue numbers for USA online poker saw consistent decreases year over year. From 2016-2017 there was an 8.5% decrease, from 2017-2018 there was an 11.81% decrease, and in 2018-2019 there was a 2.14% decrease in revenue.
This trend began changing starting 2020, with an 85.35% increase year over year in internet gaming revenue. Now 2021 has seen the accumulation of the new trend in internet gaming, with a 9.19% year over year increase showing NJ’s market trending in a new direction.
Online gambling overall has boomed in the last year. This could be due to the pandemic forcing people home and causing them to get used to internet gaming as an alternative.
Either way, with the revenue numbers peaking to surpassing $100 million in multiple months, New Jersey is clearly headed in the right direction with online gambling in terms of profitability.