This month marks the eighth anniversary of the NJ online casino industry launch. Yes, it’s pretty big news.
However, it’s not going to top Wednesday’s big headline: 2021 NJ online casino revenue tops $1 billion. And this would be a Garden State first.
However, NJ is not the only state to achieve the milestone. It just so happens neighboring Pennsylvania reported over $1 billion in 2021 revenue the same exact day.
So the industry is showing no signs of slowing down.
For the month, the eight license holders reported $127 million in online gambling revenue, which is a 35.9% year-over-year increase. And by the way, it’s yet another monthly record.
Here is a closer look at five reasons why New Jersey is now home to a booming $1-billion-plus industry.