July’s revenue report goes on to reveal that internet gambling providers won a record $118.6 million for the month of July. The previous record was set in March of this year when iGaming operators won $113.7 million.
July’s combined revenue from all gambling operators saw the state collect $44.2 million in taxes.
Speaking of the latest figures James Plousis, chairman of the New Jersey Casino Control Commission said:
“The casinos’ recent positive momentum demonstrates Atlantic City’s resilience and should bolster confidence in the recovery of New Jersey’s tourism and gaming sector,”
Plousis also noted that July 2021’s revenue was 28% higher than the same period in 2019 when NJ casinos were working at full capacity.
All nine of the state’s casinos increased their revenue in July with Hard Rock Atlantic leading the pack. The casino increased its winnings by almost 79% to an impressive $55.5 million. Golden Nugget posted a similar increase of 77% to $15.5 million while the Borgata was up by 75% to $106.5 million. The Tropicana increased its revenue by 63% to just over $36.7 million.
NJ Gambling Operators Report Huge Revenue IncreasesJuly saw New Jersey gamblers place $578.7 million in sports wagers bringing the year-to-date sports betting handle to $5.5 billion. Resorts Digital leads the NJ sports betting market once again generating $10.5 million in revenue over $4 million more than its closet competitor Borgata. Basketball remains the most popular sport in New Jersey sportsbooks with the latest figures bringing the year-to-date handle for the sport to $1.7 billion.
