New Jersey Gambling Revenue Rises 27.1% Year-on-Year to $276.8m in May

Regulated gaming revenue in New Jersey in the month of May rose 27.1% year-on-year to $276.8 million – this is according to the latest numbers report as revealed by the New Jersey Division of Gaming Enforcement. This leap was assisted by growth in the land-based and online sectors.

Casino gaming revenue also increased 15.3% to 222.9 million, which sealed an important and overly successful month for iGaming in The Garden State, despite the overall faltering of sports betting.

Golden Nugget Still Untouchable

It was slot machines that contributed to the highest impact on casino revenue…

…for this segment of gambling contributed to almost 60% in of New Jersey’s income, with $165.2 million collected in total. May’s table game revenue was also up 9.7% and amounted to $57.7 million.

The biggest winner of the month was iGaming itself which made a 57.8% annual leap to $38.3 million – this is also a 4.6% improvement over April. The most successful land-based casino is still Golden Nugget– it amassed a total revenue of $14.1 million which is up 63.7% compared to May last year or 36.7% increase from April.

Unibet and Hard Rock Tie the Knot

Global Unibet brand in New Jersey…

…through their collaborative effort with Hard Rock Hotel and Casino Atlantic City which will gain “first-class casino products in a safe and secure environment.” In an official press release, it was said that “exceptional sports betting products” would become a part and parcel of Hard Rock’s offering.

Kindred’s US senior vice president, Manuel Stan, remarks:

“We are thrilled to announce that Kindred can now offer New Jersey customers a truly great gambling experience on a top technology platform in a sustainable, safe and secure environment. We have been preparing for this first and important step very thoroughly for a long time, and we are excited to take another step into what will most likely become the largest betting market in the world.”

The Question of NJ’s Social Security Number Request

In recent weeks, a number of New Jersey casinos have begun demanding social security numbers from their players, and this unorthodox practice has left a lot of punters bemused.

Much research has been conducted on why it’s being done, on whether your info is safe and some other points of interest regarding this.

For starters, it’s the government that deems New Jersey casinos financial institutions…

…meaning they need to adhere to the same set of regulations as, say, banks. These are the Bank Secrecy Act and the Patriot Act. In order to avoid any anti-money laundering protocols, NJ casinos need to ask their players to provide their name, address and social security number.

Because all the casinos are regulated by NJ Division of Gaming Enforcement, who makes sure players’ rights are fully protected, players can rest assured that the information they provide is fully safe and sound.

Source:

“New Jersey gambling revenue rises to $276.8m in May”, IGB North America, June 12, 2019.