Another month of growing revenue in New Jersey’s gaming sector. Officials from the New Jersey Division of Gaming Enforcement announced today that gross gaming revenue for May 2024 was $510 million. This is 8.3% higher compared to May 2023. As the world has become more connected through the internet, the betting industry has expanded, allowing customers to bet on anything from elections to slot machines. Needs of Pay Per Head Bookies: This is a welcomed trend as it presents more ways for Pay Per Head bookies to grow and make more money.
A New Normal: MoM Growth
Gaming revenue in New Jersey has grown steadily month over month and continues to rise as more bettors become interested in not just sports betting but also online games and casinos. Total gaming revenue has hit $510 million in May 2024. This was just under the $511 million of April 2024 but a healthy rise from $470.9 million in May 2023. Total gaming revenue YTD rose 13.1% year-on-year to $2.57 billion.
Attention all pay per head bookies — online betting and the days of playing casino games are on their way up
Internet gambling is growing at an astounding rate. May 2024 results — Online gaming win for casinos and their partners totaled $192.1 million in May 2024, an increase of 19.0% compared to May 2023. Internet gaming win through the end of September totaled $942.8 million, a year-on-year increase of 20.6 percent. This explosion demonstrates a change in consumer habits, with most gamers opting for online solutions for convenience and availability.
New Jersey casino win also rose. The nine properties generated $239.1 million in May 2024, a 5.2% increase over May 2023. Year-to-date casino win is $1.11 billion which is flat, but the consistent monthly growth is indicative of a strong, stable market.
Wider opportunities available for Pay Per Head Bookies
Pay Per Head bookies can take advantage of New Jersey’s gaming expansion. The rise in popularity of online betting and casino games has forced bookies to adapt. Here’s how bookies take advantage through PPH:
Develop an Effective Digital Presence
With the online gaming market growing, bookies need a strong digital footprint. Investing in a reliable and user-friendly betting platform can actually help attract greater numbers of bettors. Optimize the availability of your website 24/7 with smooth betting experiences. Bettors are more active any hour of the day, user-friendliness is key.
Provide a Diverse Selection of Betting Opportunities
Bettors crave more than the mainstream events Most of the online betting sites can also benefit from offering a range of bet types, such as more obscure sports and less common casino games. It widens the menu available to users, making it more engaging — and therefore brings in more money.
Scale Excellent Customer Support
Customer service is the name of the game in betting. Responsive 24/7 support team to improve user experience and build loyalty. Responding promptly to issues or questions helps keep bettors engaged and satisfied.
WC PPH; Deposits and Daily Reported Losses
This accounts for the improved efficiency that a high-end Pay Per Head service can provide and streamlined operations. The right provider should have state-of-the-art software, a plethora of betting options, and seamless payment integrations. It also frees up bookies from managing technical aspects, enabling them to direct their energy toward growing their business.
VIP Pay Per Head: How To Scale Your Business
So if you are one of the bookies who want to be the top of their game in the competitive world of sports betting. VIP Pay Per Head is not only some software but a complete solution to conquer the market.
You can manage your business from anywhere and anytime. With our state-of-the-art technology, enjoy real-time reporting, player management, and a suite of customizable tools. So leave the limits behind and embrace the infinite possibilities.
VIP Pay Per Head: The partner you need to get ahead in this industry.
