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deskgameNew Jersey online casinos had a flush October, reporting a record-breaking $213 million in revenue, with sports books – where 90% of all sports bets are placed online in our state -- garnering $77.5 million. The industries have generated almost $3 billion in revenues combined, year-to-date. Sports betting and its online variant were legalized in New Jersey in 2018 and have become a $10 billion industry nationally, with the State’s industry generating some of the highest gross revenues.
deskgameWe can’t bet on the federal government to ensure gambling companies are reevaluating their regulatory compliances and working to address new ways gambling habits can become unmanageable. Sixty-one percent of New Jersey residents reported gambling last year. The Rutgers University Center for Gambling Studies’ 2023 Prevalence Report finds online gambling is most popular among young adults 18-24. In 2017, only 7% of this age group preferred online betting; that number surged to nearly 34% in 2023.
