TMCnet News
Latest Gaming Revenue Numbers Continue to Grow Year after YearWASHINGTON, Aug. 15, 2019 /PRNewswire/ -- iDEA Growth, a trade association representing all sectors of the online gaming and entertainment industry, reminded states today that mobile gaming is a financial win. The July 2019 Total Gaming Revenue Results from the New Jersey Division of Gaming Enforcement showed that total gaming revenue for the state in July was $334.4 million, up 10.7% from July 2018, with online gaming reaping the majority of revenue at $316.5 million, and sports betting totaling $3.8 million. In comparison to last year, online gaming revenue increased 51.8% since July 2018.
iDEA Growth advocates for states to include a mobile provision to betting and gaming legislation to establish a competitive and regulated market. With nearly 85% of sports bets placed by mobile in New Jersey last month, it's a missed revenue opportunity for states not considering mobile. Learn more about the economic benefits of online gaming in New Jersey here: https://ideagrowth.org/research/, and the benefits of internet sports betting here: iDEA (iDevelopment and Economic Association) is a 501(c)(6) association which seeks to grow jobs and expand the online interactive gaming business in the United States through advocacy and education.
View original content:http://www.prnewswire.com/news-releases/latest-gaming-revenue-numbers-continue-to-grow-year-after-year-300902628.html SOURCE iDEA Growth |