New Jersey’s iGaming revenue continues to grow

The month of July saw New Jersey’s online casinos create over $3.6m in tax revenue, while the introduction of two new online operators, playMGM and Scores, helped to see gross profits in the month rise up to $20.6m. This left the total tax revenue bill for the state at $108.1m according to the state’s Division of Gaming Enforcement.

Steve Ruddock, lead analyst for PlayNJ.com said: “Stuffing state and local coffers with over $100 million in tax revenue certainly drops the curtain on any lingering revenue concerns. The momentum is building, too. While states such as Pennsylvania drag their feet on legalising online gaming, companies of all stripes are flocking to the Jersey Shore to grab a piece of the online gaming action.”

The Golden Nugget Atlantic City, home to the Golden Nugget, Betfair and SugarHouse online brands, remains the leading operator in New Jersey having reached a milestone of $125m in lifetime revenue from casino games.

“The Golden Nugget’s success is testament to the great equalising power of online gaming,” Ruddock said. “On the Internet, a small casino can compete with casinos two or three times its size.”

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Harrison Sayers

Gambling Writer

Harrison Sayers is a journalist and editorial professional specialising in the gambling and iGaming sector. He began his career at Gambling Insider, where he served first as Editorial Assistant (July 2017 – November 2017) and then as Staff Writer from March 2018 to October 2018, contributing news coverage and industry analysis to both the publication’s digital and print channels.

Since then, he has continued his career in gambling regulation and compliance journalism, working with GamblingCompliance and VIXIO where he covers regulatory issues and industry developments across European and African jurisdictions.

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