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New Jersey Gambling Revenue Jumps

new-jersey-gambling-revenue-jumps

 June 17, 2021

As the rest of the gaming community across the country enjoys a rebound, New Jersey gambling revenue has rebounded as well.

The New Jersey Division of Gaming Enforcement reported that total gaming revenue in the state rose 290% from last year at this time. In May of 2020, the state only made $96 million. But this May things turned around with a $374 million windfall.

Online gambling in New Jersey helped a lot, generating over $108 million, while sports betting brought in nearly $53 million.

Las Vegas hit the $1 billion mark month in March… it’s first such month since the pandemic began. And in April, gambling revenue across the whole country hit $4.4 billion, which was nearly a record.

The jump in New Jersey gambling revenue means that the state realized close to $38 million in taxes.

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