New Jersey Casinos Revenue Increase in 2019
New Jersey is one of the most popular gambling sites in the US, if not the world. Their casinos have been getting a lot of visitors over the years- something that is good for a recovering gambling industry. And if you look at their numbers and the news surrounding them, even in gambling sites like Gambling Apex, you will see that their gambling industry is showing improvement over the couple of years. Let’s take a look at the New Jersey casinos revenue for 2019.
New Jersey’s casinos had a good year in 2019. They have a net revenue of $3.161 billion for the year. This shows a marked increase of 9.5% from 2018’s revenues. The gross operating profit for casinos show a 5.8% increase to $613.1 million for the whole of 2019.
New Jersey Casinos Revenue for Q4 2019
New Jersey has a total net revenue of $740.5 million, showing a 5.1% increase from the same period in 2018 of $704.8 million. The gross operating profit for the state in Q4 is $129.2 million, which is a whopping 79% increase over Q4 of 2018. Each quarter in 2019, we see a healthy amount of growth for revenue. In fact, even casino pay per head providers have been enjoying a steady growth even in online casino operations.
Of course, the numbers could be different for 2020, mainly because of the Coronavirus pandemic. The data on the first quarter of 2020 will be available by the end of May. And the second quarter’s numbers may even be worse. One potential saving grace for the gambling industry would be online casino and online sports betting.
With online gambling, people get the chance to play their favorite casino games from the comfort of their homes. There are a lot of online gambling sites out there, with different features. Some of them are available in all platforms, while some may be mobile only or software downloads. You can read through casino reviews so you can find a casino that has all that you will need.
