Online gambling records were smashed in March in New Jersey and Pennsylvania. This shows just how much the market is growing and is good news for any company that offers online gambling in either state.
In New Jersey online gambling brought in $64.8 million in revenue in March. This was the first time that online gambling brought in more than $60 million. It was also up to $13 million over the revenue brought in in February.
On a month to month basis March 2020 was up 65.5% over March 2019. Online poker in the state reached $3.6 million in revenue. That's up 101% over the amount bet on online poker in February of this year. In fact, it's the first time online poker revenue has broken $3 million in a month since October 2016.
In Pennsylvania, online gambling accounted for $24.3 million in revenues. That's up 24.5% from February. Ever since December revenue has been going up an average of 31% per month. That's great news as it means more and more people are learning about online gambling and checking it out.
If these trends in both states continue then you can expect a lot more money to be flowing into online casinos. That could result in those casinos offering bigger bonuses and prizes to attract players. Which could in itself bring in more people to place bets.
This all seems to play into projections that brick and mortar is not the only place to gamble anymore. People are discovering online gambling and it sure looks like the future.
Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.
Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.