It thoroughly examines the market and offers insights based on a SWOT analysis of the industry. The study explores the current market status, anticipated future growth, technological advancements, investment opportunities, market economics, and financial data. It provides a comprehensive view of the competitive market and includes an in-depth supply chain analysis to identify significant industry changes. This brings the year-to-date revenue total to $801.2 million, a 34.7% increase on the same period in 2022.Report Ocean has released a research study titled “Online Gambling Market2023 Forecast to 2031 Analysis by Market Trends.” This study offers precise economic forecasts, global assessments, and country-level insights. Sports betting revenue came to $92.3 million marking a 18.4% increase year-on-year. The year-to-date total sports betting handle in New Jersey now stands at over $9 billion. Of that figure, $1.23 billion of the month’s sports wagers were placed through online sportsbooks with the retail sector taking in $56.2 million. This was a marginal decrease of less than 0.5% compared to the previous month. New Jersey sports betting operators reported accepting $1.293 billion in wagers throughout the month of October.

This brings the year to date total to $1.57 billion, an increase of 15.1% when compared to the same period in 2022. This was an increase of 1.8% on the previous month’s total and a 13.3% increase on the $147.2 million reported in October 2022. The month of September saw New Jersey’s iGaming operators report $166.8 million in combined revenues. This brings the year-to-date casino win total to $2.4 billion, an increase of 1.9% compared to the $2.36 billion reported in the corresponding period in 2022. The four casinos that reported a decrease in revenues are: Golden Nugget – $12.2 million – up 1.6%.Ocean Casino – $43.3 million – up 53.3%.Land-based casinos in New Jersey reported revenues of $228.1 million, up by 3.4% year-on-year and down 7.5% compared to the month of September’s total of $246.6 million.įor the month of October, five of the state’s nine casinos reported increases in casino win year-on-year. The latest figures represent a drop of of 6.6% on the previous month’s total of $531.6 million and a 9.3% increase on the total reported in October 2022. The latest monthly revenue report from the New Jersey Division of Gaming Enforcement has revealed that combined gambling revenues for the month of August came to $487.1 million.

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