Summary: 2018 was a stellar year for New Jersey regarding online gaming and 2019 is setting up to be just as successful.
In 2018, the online casinos of New Jersey enjoyed a record-breaking year. The industry was able to break revenue revenues six times out of 12 months and came close to hitting the $30 million mark in December, just narrowly missing out on yet another milestone. The state saw many highs last year and 2019 is setting up to be no different!
Highlights of 2018
Last year, several factors contributed to the state’s success involving online gaming. New Jersey offers both online casino and poker gaming, having also just recently entered into the realm of online sports betting. The state saw great success as many changes came to the overall gambling industry last year.
First, two new casinos opened in the summer, both offering online gaming. The Hard Rock Atlantic City and Ocean Resort Casino opened and started offering both land-based and online services, which helped to increase the overall revenue numbers.
The state’s large portfolio of online casino games has played a large role in the success of iGaming. Players have a nice selection of table games, slots and more, along with live dealer, which makes for a more enticing experience online. Players continue to log in on a regular basis to enjoy the online casino and poker content, which only helps to push the revenue numbers further.
Sports betting legalization and launch also helped to create a stellar 2019. Sports betting is providing both land-based and online gaming revenues, as players can place wagers on site as well as online. It seems that if 2019 continues as 2018 did, the state will only continue to break records.
What’s To Come?
For 2019, it has been predicted by Eilers & Krejcik that as much as $401.5 million will be earned in revenues. The prediction is that the industry will continue to grow and reach new heights, increasing in total growth by over 35%.
The large percentage of growth does seem quite high but could be doable. One must consider that the state will continue to see new online casinos created, additional sports betting operations, and casinos integrating mobile sports betting options.
Sports betting is expected to be huge in the United States and because New Jersey already does quite well with online gaming, sports betting should be a big hit via mobile and online as well. It is expected that the new industry alone will bring in large numbers both online and via land-based wagering.
As to just how much the state will see by way of sports betting is yet to be determined. The new industry is in the early stages. Online sports books as well as land-based offerings are still in the customer acquisition phase. Such players may have gambled online in the past or this may be their first time.
Sports betting reaches a different audience than casino and poker does, so it could be that New Jersey reaches even greater heights when it comes to how much they can earn via sports betting services.
Just like 2018, all eyes will be on New Jersey this year as they continue to dominate the online gambling sector. Be it online casino gaming, poker or sports betting, New Jersey has the perfect formula. Month after month, the state continues to see gains and improvements, showing other states in the US just how online gaming is done. Hopefully, the state will continue to set new records and encourage other states to begin offering services online.