The Impact of Online Gambling on the NJ. Casino Industry
Open Access
Author:
Bunting, Robert
Area of Honors:
Finance
Degree:
Bachelor of Science
Document Type:
Thesis
Thesis Supervisors:
Brian Spangler Davis, Thesis Supervisor Brian Spangler Davis, Thesis Honors Advisor Richard Joseph Bundro, III, Faculty Reader
Keywords:
finance gambling New Jersey casino revenue Covid-19
Abstract:
This thesis investigates the financial revenue dynamics within the New Jersey casino market across online and in-person gambling formats. Revenue data is sourced from the DGE revealing notable indicators and trends within the industry as it relates to the various forms of gambling that are being monitored. This paper examines the introduction of online gambling and the influence on the competitive landscape of casinos and the revenue generation potential and whether there is a cannibalization effect of existing in-person revenues. Additionally, this study explores gameplay by format type while evaluating the potential impacts of seasonality and external market forces upon the industry. The analysis contained in this paper studies the future implications of the growth rate of online gambling inevitably surpassing in-person and the potential tax impact on how it will affect the New Jersey economy. Finally, some viewpoints and future outlook for the New Jersey gambling industry are provided including insight from current industry executives.
