iGaming - THE RIDGEWOOD BLOG.

Why the iGaming Market of NJ is Growing so Rapidly

A record $1.35 billion was spent on sports bets by New Jersey residents in just one month in 2022, while the state’s iGaming sector also experienced major growth. Online casinos contributed $135.3 million of the total iGaming income, while online poker games brought in $2.6 million. New Jersey’s iGaming market has recently hit over $133 million in monthly revenue, which is a stunning accomplishment for a relatively young industry. But why is this market so successful?

Which features help new online casinos compete with more established ones 1

The online casino market is growing each year. Now it is almost impossible to imagine a world where we wouldn’t see advertisements for online games https://trustedcasinos360.com/ involving betting or gambling. Look how the tables have turned. This industry gains billions of dollars and will likely grow even further, yet we will discuss this in later sections. What matters now is that online casinos play a crucial role in the world economy. Even those countries that used to share rather pessimistic views on gambling are now changing their laws to accommodate iGaming. We can hardly blame them as the industry can enrich the governmental budget. Besides, game development, in general, is a profitable business. When this game development meets real money endeavors, it becomes one of the most successful financial deals.

Continue reading The Role of Online Casinos in the World Economy