New Jersey’s gaming industry shows impressive growth in August 2023. Internet gaming and sports wagering soar to new heights, while casino win steadily increases. This resilient industry has proven its ability to adapt to challenges like the Covid-19 pandemic and the legalization of sports wagering in nearby states.
Not only is the gaming industry thriving, but it also contributes significantly to the state’s economy. In August 2023 alone, casino investment alternative tax and economic development tax combined to $8.57m. These figures highlight the positive impact of the gaming industry on New Jersey’s economy.
The popularity of sports wagering in the state continues to surge as well. In August 2023, the total handle reached $725.8m, a remarkable 47% increase compared to the previous year. This demonstrates the growing attraction of sports wagering in New Jersey.