New Jersey’s Gambling Industry Sees Record Revenues in November

New Jersey's Gambling Industry Sees Record Revenues in November

The gambling industry in New Jersey has seen record revenues in November, with the state’s casinos and racetracks taking in an impressive $323 million. This is the highest revenue total ever recorded for the month of November, and it marks a significant increase from the $276 million earned in November of last year.

The surge in revenue can be attributed to a number of factors, including the continued popularity of online gambling. Online gambling has been legal in New Jersey since 2013, and it has become increasingly popular over the years. In November, online gambling accounted for $89 million of the total revenue, which is a significant increase from the $68 million earned in November of last year.

The traditional brick-and-mortar casinos also saw an increase in revenue, with the nine casinos in Atlantic City taking in $233 million. This is a slight increase from the $231 million earned in November of last year. The casinos saw a surge in table game revenue, with blackjack, craps, and roulette all seeing an increase in revenue.

The racetracks also saw an increase in revenue, with the state’s three racetracks taking in $30 million. This is a significant increase from the $25 million earned in November of last year. The racetracks saw an increase in both on-track and off-track betting, with the Meadowlands Racetrack seeing the biggest increase in revenue.

The surge in revenue is a positive sign for the gambling industry in New Jersey, and it shows that the state’s gambling industry is continuing to grow and thrive. The continued popularity of online gambling is helping to drive the growth, and the traditional brick-and-mortar casinos and racetracks are also seeing an increase in revenue. It will be interesting to see if this trend continues into December and beyond.