New Jersey gambling revenue from sports betting have gone up by 43.6%. James Plousis, chairman of the New Jersey Casino Control Commission, said that even though April’s casino revenue was down this year, it remains the second-strongest April in 11 years. The latest monthly revenue report from the New Jersey Division of Gaming Enforcement has disclosed that combined gambling revenues for April came to $462.7 million. The latest figures depict an increase of 9.5% on the $422.5 million reported in April of 2022 and a drop of almost 5% on the $487 million reported in March 2023. Jane Bokunewicz, faculty…

It’s been an amazing run for US gambling revenue, with Nevada on a streak of billion dollar months. We just reported that New Jersey is showing increased profits from last year to this year. So it should be no surprise that the country as a whole is raking in record gaming profits. Numbers provided by the American Gaming Association and their Commercial Gaming Revenue Tracker show that, as a whole, US gambling generated $4.9 billion in the month of August. It was also the 18th consecutive month that gaming revenue in America showed growth from the year before. This despite…

Gambling revenue in the United States is still setting records, despite the troubling economic clouds on the horizon. April of this year was the second best month ever recorded for American gaming, only trailing March of this year when the all-time revenue record was set.. Nearly $5 billion was generated in gambling revenue for April, which was a gain of well over 12% from the year before. Traditional casino gaming accounted for over $4 billion of that total, while online gambling chipped in over $415 million. Sports betting managed to contribute nearly $500 million, which was close to a 75%…

The streak continues! April was the 14th month in a row where gambling revenue in Nevada topped the $1 billion mark. But how much longer can this wild ride last? Even though the numbers are still impressive, April was the first month of this billion dollar streak to see almost no growth. The figures seem to have stalled for the moment, and we will have to wait for May’s numbers to know if the record breaking run is over. There are some concerns that the state may be entering a “slow growth” period, and that the rising rate of inflation…

As the rest of the gaming community across the country enjoys a rebound, New Jersey gambling revenue has rebounded as well. The New Jersey Division of Gaming Enforcement reported that total gaming revenue in the state rose 290% from last year at this time. In May of 2020, the state only made $96 million. But this May things turned around with a $374 million windfall. Online gambling in New Jersey helped a lot, generating over $108 million, while sports betting brought in nearly $53 million. Las Vegas hit the $1 billion mark month in March… it’s first such month since…

From The Fiscal Times States are still betting big on gambling. New York and Massachusetts are eyeing new, flashy resort-style casinos. The owner of one of the largest casinos in the country, Maryland Live! Casino, is among those vying for the final gambling license in Philadelphia and hopes to build a new $425 million casino there. But in nearby Delaware, lawmakers are considering the unusual step of giving $8 million to the state’s three struggling racetrack casinos. Crucial questions face states after years of gambling fever. Can they still enter the gambling fray and claim a hefty chunk of revenue? …