{"id":261,"date":"2024-06-27T15:34:22","date_gmt":"2024-06-27T12:34:22","guid":{"rendered":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/27\/new-jersey-sets-another-online-gambling-revenue-record\/"},"modified":"2024-06-27T15:34:22","modified_gmt":"2024-06-27T12:34:22","slug":"new-jersey-sets-another-online-gambling-revenue-record","status":"publish","type":"post","link":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/27\/new-jersey-sets-another-online-gambling-revenue-record\/","title":{"rendered":"New Jersey Sets Another Online Gambling Revenue Record"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/fjpzMfHbr18\" frameborder=\"0\" allowfullscreen><br>\n<\/iframe><\/p>\n<p>The Garden State\u2019s gambling income surged by 8.1% in March, reaching $526.6 million, fueled by a record-breaking performance in the state\u2019s online gambling sector.<\/p>\n<p>Online gambling propelled New Jersey\u2019s gambling income to $526.6 million in March, a substantial increase from the $487.4 million recorded in March 2023. This figure also represents a 14.1% rise from New Jersey\u2019s $461.5 million in February.<\/p>\n<p>Traditional gambling venues remained the top revenue generators among all active markets in the Garden State, generating $239.8 million, a 4.9% year-over-year increase.<\/p>\n<p>Of the total land-based gambling revenue, $172.7 million originated from slot machines, reflecting a 4.8% increase. The remaining $67 million stemmed from table games, which witnessed a 4.9% growth from the previous year.<\/p>\n<p>New Jersey sets another online gambling revenue record<br>\nRevenue in the online gambling space reached $197.2 million, a 19.9% increase from 2023, establishing a new monthly record for New Jersey. Online gambling revenue now trails New Jersey\u2019s total land-based gambling revenue by a mere $42.6 million.<\/p>\n<p>In March, online slot machine revenue amounted to $194.8 million, a 19.4% increase. However, internet poker revenue experienced a 5.4% decline to $2.4 million.<\/p>\n<p>Golden Nugget maintains its leading position in New Jersey\u2019s online gambling market, generating $57.1 million in monthly revenue. Resorts Digital secured second place with $48.9 million, surpassing Borgata\u2019s $43.8 million.<\/p>\n<p>Sports betting encountered challenges in March <\/p>\n<p>The amount of money made from sports betting in New Jersey dropped slightly in March, reaching $89.7 million. However, this is still a significant increase compared to the previous month.<\/p>\n<p>In terms of the total amount wagered, players placed bets worth $1.33 billion in March, showing a substantial year-on-year growth.  A large portion of this was placed online, while a smaller amount was wagered at physical sportsbooks.<\/p>\n<p>The Meadowlands, in partnership with FanDuel, PointsBet, and SuperBook, continued to dominate the industry. They generated a substantial amount of revenue in March.<\/p>\n<p>DraftKings and Resorts World held the second position, while Borgata and BetMGM secured the third spot.<\/p>\n<p>New Jersey\u2019s total revenue for the year has reached a significant figure.<\/p>\n<p>The overall market revenue for the first three months of the year has also seen a considerable increase compared to the same period last year.<\/p>\n<p>Revenue from traditional gambling venues remained stable, with slot machine revenue experiencing a slight decrease and table game revenue showing a modest increase.<\/p>\n<p>Internet gambling revenue, on the other hand, saw a substantial growth, driven by a significant increase in slot machine revenue. Poker revenue, however, experienced a slight decline.<\/p>\n<p>Despite the slight dip in March, sports betting revenue has still seen a considerable increase overall. Total player spending for the period has also risen significantly, with the majority of bets placed online.<\/p>\n<p>New Jersey may consider increasing taxes on online gambling.<\/p>\n<p>These results come as gambling operators in New Jersey may face an increase in taxes on online gambling. <\/p>\n<p>In the recent past, Senator John McGinn officially submitted a new legislative proposal to raise the tax rate on internet gambling and sports wagering to a significant 30%.<\/p>\n<p>The bill\u2019s text indicates that if legislators pass the suggested legislation, it would come into force on the first day of January following the day it becomes law. At present, the tax rates for online gambling and sports betting are 15% and 13% of total gaming earnings, respectively.<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Garden State\u2019s gambling income surged by 8.1% in March, reaching $526.6 million, fueled by a record-breaking performance in the state\u2019s online gambling sector. Online gambling propelled New Jersey\u2019s gambling income to $526.6 million in March, a substantial increase from the $487.4 million recorded in March 2023. This figure also represents a 14.1% rise from [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NJ Gambling Soars: Online Revenue Breaks Records<\/title>\n<meta name=\"description\" content=\"New Jersey\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/27\/new-jersey-sets-another-online-gambling-revenue-record\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"New Jersey Sets Another Online Gambling Revenue Record\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"New Jersey\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/27\/new-jersey-sets-another-online-gambling-revenue-record\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Unleash Your Winning Spirit at Our Licensed Online Casino\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-27T12:34:22+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/27\/new-jersey-sets-another-online-gambling-revenue-record\/\",\"url\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/27\/new-jersey-sets-another-online-gambling-revenue-record\/\",\"name\":\"NJ Gambling Soars: Online Revenue Breaks Records\",\"isPartOf\":{\"@id\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/#website\"},\"datePublished\":\"2024-06-27T12:34:22+00:00\",\"dateModified\":\"2024-06-27T12:34:22+00:00\",\"author\":{\"@id\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"New Jersey\",\"breadcrumb\":{\"@id\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/27\/new-jersey-sets-another-online-gambling-revenue-record\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/27\/new-jersey-sets-another-online-gambling-revenue-record\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/27\/new-jersey-sets-another-online-gambling-revenue-record\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New Jersey Sets Another Online Gambling Revenue Record\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/#website\",\"url\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/\",\"name\":\"Unleash Your Winning Spirit at Our Licensed Online Casino\",\"description\":\"Explore the dynamic world of online gambling with our up-to-date news, in-depth reviews, and expert articles. 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