The state of New Jersey has seen a major boost in gaming tax revenue in August, with a total of $53.3 million generated. This is a significant increase from the $46.2 million generated in July and the $50.5 million generated in August 2018.
The increase in gaming tax revenue is largely due to the success of online gaming in the state. Online gaming has been legal in New Jersey since 2013, and has seen a steady increase in popularity since then. In August, online gaming accounted for $44.7 million of the total gaming tax revenue, a 10% increase from July.
The remaining $8.6 million of the gaming tax revenue came from land-based casinos. This is a significant decrease from the $10.3 million generated in July, but still a slight increase from the $8.2 million generated in August 2018.
The gaming tax revenue generated in August will be used to fund various state programs, such as education, healthcare, and infrastructure. It will also help to create jobs and stimulate economic growth in the state.
Overall, the increase in gaming tax revenue in New Jersey is a positive sign for the state’s economy. It shows that online gaming is becoming increasingly popular, and that land-based casinos are still a viable source of revenue. This is great news for the state, and it should help to ensure that New Jersey remains an attractive destination for tourists and businesses alike.