In December 2021, online and print newspapers across New Jersey ran the headlines showing how the state's online casinos had, in four consecutive months, collected the highest amount from gambling.
In October alone, two months to the end of the year, online casinos and sportsbooks in NJ handled a whopping $1.3 billion. Online casinos alone shocked industry experts for bringing in over $1 billion in wagers each of the four remaining months of the year.
With such good revenue collections, New Jersey joined Pennsylvania as the first US state to bring in at least a billion US dollars a month for four consecutive months.
According to one online casino gambling analyst, one of the reasons why the last quarter of 2021 was an important time is many gamblers were at home. Besides, many activities were taking place not just in New Jersey but also in the whole country.
"October's five weekends saw many activities. College football as well as NFL was going on. Gamblers had enough to visit cities including Atlantic City. Besides, online casinos were a buzz, thus good revenue was inevitable," said the analyst.
Outlined in more detail here is a list of New Jersey online casinos, and what they offer. The list will help you get a picture in your mind of what happed in NJ's online casino gambling in 2021.
How New Jersey's Online Casinos Performed in 2021
Whether it was in sports betting, horseracing, poker, eSports, or DFS, 2021 was a good year for New Jersey. Because many outdoor activities were limited to participants and a few spectators, many people resorted to online joints.
The Garden State's gambling collection for the year was $10.9 billion, a figure that was much higher than the same period the year before. As you could imagine, the last four months of the year were given prominence and they performed quite well.
Because there were college sports as well as the NFL going on during the last quarter of the year, it was reasonable that online casino gambling would get a boost.
True to that, the Garden State completed the year well with over $4.9 billion more from the previous year; there is reason to believe that 2022 would not be like the previous year.
Instead, critics have it that 2022 will be a year of great performance for online casino gambling.
With a clean record of improvement in every sector month after month, there is reason to believe that 2022 will be even better.
More Online Casino Records to Be Broken
With what has happened in the recent past, there is no doubt that more online casino records will be broken. It is not the first-time online casinos in New Jersey have recorded high wages. However, things have been so rough in the gambling industry in recent years.
Covid-19 made it difficult for brick and mortar facilities to sustain themselves with hundreds of resorts shutting down. NFL courts closed and only opened for players for a long time. Now that things have started to go back to normalcy, there is ample reason to believe that more records will be broken.
For now, it is good to know that the past year (2021) was one of the best years, especially the latter part of the year, for the New Jersey online casino fraternity. Here in a snippet to help us understand how things happened in the past year.
In October alone, New Jersey sportsbooks alone won over $84.2 million. The amount was 43.8% more compared to October 2020's $58.5 million. A month earlier, NJ's sportsbooks had collected $82.6 million, which is a 2.1% less compared to the same month in 2021.
A Whole Month of NFL, College Football Pushes Revenue Collection Further
One of the reasons why the last quarter of 2021 was a good time for New Jersey online casinos is the availability of sporting events. For a whole month, gamblers were treated to a 'gambling spree'.
Occasioned by college football and NFL, gamblers had a whole month of taking part in online gambling. Thanks to the increased sporting activity in October, the state received a whopping $499 million. This amount was over $98 million more from the previous month.
Thanks to the booming sporting events that took place the whole month, New Jersey had a remarkable way to close the year. In aggregate, the state joined Pennsylvania to become two leading US states that took home over $1 billion from online casinos in a year.
In October alone, the state bagged $127 million from poker rooms and online casinos. In December 2021, the state's online casino collections jumped to $133 million. At the end of the year, New Jersey's online casino sector had already bagged a whopping $10.9 billion.
The amount is way beyond the 2020 New Jersey full-year online casino collection of $6 billion.
What New Jersey Gamblers Expect in 2022
With the year already started, New Jersey gamblers will expect many activities and big wins. Already, several online casinos have announced plans to add features to their online platforms.
One such site is PointsBet, which announced that it has added a live game for its online clients.
Already, the feature has been tested and has started to roll. To roll out the feature, PointsBet partnered with Evolution, another player in the online casino industry.
What is more, public health officials have continued to lessen the stringent measures that have been imposed on people for several months. The lifting of some of the stringent measures such as the public gathering of people will open ways for outdoor activities.
Some of the activities that will increase gambling participation include college football, NBA, and NFL to take place. Besides, many sporting activities have already been lined up to take place throughout the year.
With that in mind, and the assurance from the public health officials that things will be better going forward, there is no doubt that 2022 will be a good year for New Jersey's online casino sector.
