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New Jersey online gambling numbers were released this week, and we are beginning to sound like a broken record. Literally, records were broken. Again.
New Jersey Online Gambling Revenue Updated on October 15, 2019 Every month the Division of Gaming Enforcement in New Jersey discharges the past month’s legitimate web based gambling revenue for each organization. New Jersey, for example, is far more open to brick-and-mortar gambling, as well as online casinos. It is widely considered to be the largest market for online gambling across the United States today. By using a platform to see a full list of online casinos in New Jersey, it becomes easier to determine where one should place their bets next.
Overall casino revenue and several individual operators set a new bar for measuring success. Outside of poker, there is very little bad news in the report. Poker, on the other hand, continues to have a hard time finding a positive trend line.
March 2018 online gaming revenue summary
Overall revenue was $25.6 million. It shattered the previous record set last month by more than $3 million. That is the most substantial one month increase since regulated gaming began. It is the third consecutive month revenue has been in record territory, a first for the industry.
Golden Nugget continues to stand tall above the rest, earning more than Borgata and Caesars combined. But the real story is that Caesars also posted record numbers and is the only operator to boast a month over month double-digit percentage growth in both the casino and its overall revenue number.
Borgata maintains its second-place position, but it is holding on by a thread. It is on the verge of slipping down a spot if Caesars continues to build on its strong earnings from the month.
Tropicana and Resorts remained flat in March. Even so, Resorts’ number was also in record territory. Tropicana was the only operator that came in under the $4 million in revenue mark.
Take note that the month over month numbers have been normalized to account for the three extra days in March.
New Jersey overall online revenue numbers
- Casino: $23.6 million for the month
(Up 5 percent month over month for a 21.1 percent increase year over year) - Poker: $2 million for the month
(Up .2 percent month over month for a 12.7 percent decrease year over year) - Overall: $25.7 million for the month
(Up 5 percent month over month for a 17.6 percent increase year over year)
Online revenue detail by operator
Borgata (Borgata, Party, Pala, MGM)
Second place has been home to Borgata for last few months, and that is true for March – barely. Caesars is only $170,000 off Borgata’s overall number of $4.58 million. Looking at the complete picture, Borgata posted decent revenue numbers with the casino up 9.77 percent month over month and poker up 5.52 percent. Poker is still falling short of last year’s numbers but posting a healthy number in positive territory is encouraging.
Borgata’s revenue numbers
- Casino: $3.96 million for the month
(Up 9.77 percent month over month for a 6.95 percent increase year over year) - Poker: $622,620 for the month
(Up 5.52 percent month over month for a 4.31 percent decrease year over year) - Overall: $4.58 million for the month
(Up 9.17 percent month over month for a 5.27 percent increase year over year)
Caesars (888, Caesars, Harrah’s, WSOP)
A new month means a new story for Caesars’ revenue picture. Last month it posted the biggest losses in both the casino and poker rooms. This month it had the biggest month over month percentage increase (31.35%) for the casino.
Poker is the same old story, though. It continues to struggle to find momentum. Its poker room brought in more money ($565,797) for March, but when the number is normalized to account for the extra days, it actually posted a decrease of 6.69 percent.
Caesars’ revenue numbers
- Casino: $3.85 million for the month
(up 31.35 percent month over month for a 56.48 percent year over year) - Poker: $564,797 for the month
(Down -6.69 percent month over month for an 18.5 percent decrease year over year) - Overall: $4.41 million for the month
(UP 24.83 percent month over month for a 40 percent increase year over year)
Golden Nugget (Golden Nugget, Betfair, SugarHouse)
Golden Nugget surpassed $8 million for the first time in March. Its position as the leader in the space is secure. It continues to dominate the market by earning more than double its nearest online casino competitor.
The online casino produced $8.65 million in March. Even with a record number, normalizing the revenue to account for the extra days in March, its revenue fell .86 percent month over month. Its year over year number continues to impress and sits at 40 percent.
Resorts AC (Resorts, Mohegan Sun, PokerStars NJ)
Resorts ended the month flat with month over month percentage increases of 1.27 percent for the casino, 1.48 percent for poker and 1.31 percent overall. The casino brought in $3.45 million, which is revenue record-setting month for the operator.
Resorts’ revenue numbers
New Jersey Online Gambling Bill
- Casino: $3.45 million for the month
(A 1.27 percent month over month for a 5.03 percent increase year over year) - Poker: $778,949 for the month
(Up 1.48 percent month over month for a 14. 29 percent decrease year over year) - Overall: $4.23 for the month
(Up 1.31 percent month over month for a .84 percent increase year over year)
Tropicana (Tropicana, Virgin)
Tropicana didn’t cash in on some of the big revenue numbers posted by other casinos and remained relatively flat for the month. Its monthly revenue of $3.69 million is a .28 percent decrease month over month for a 4.38 percent decrease year over year. Its small declines are the only month over month and year over year declines for casinos.
Final Thoughts
Online casino numbers continue to skyrocket, while operators are still trying to find some footing on the poker front. Poker continues to negatively impact the overall year over year numbers for the industry.
It will be interesting to see if Hard Rock Atlantic City and Ocean Resorts Casino, two new New Jersey online operators expected to launch later this year, will offer poker or take a wait-and-see approach.
There is a lot of positive momentum on the national online gaming landscape. Legislation has new life in New York, while Pennsylvania is getting ready to launch online gaming later this year, and sports betting is on center stage awaiting what everyone hopes will be a positive decision from the Supreme Court.
All of that momentum could mean online gaming in New Jersey will continue to hover in record territory.
According to revenue figures released by the New Jersey Division of Gaming Enforcement (DGE), the state’s regulated online gambling market almost eclipsed its all-time monthly revenue record last month. All of the states regulated and licensed online gaming operators generated combined revenue of $38.34 million in May which is a modest $800,000-ish drop from its all-time record of $39.1 million that was generated in March. It is, however, worth noting that the May revenue figure was a stellar 57.8 percent year-on-year increase which is, by all means, a very positive development for that particular market.
Unsurprisingly, the online casino vertical was responsiblefor most of the earnings – it shot up 63.3 percent year-on-year to more than$36.5 million. Online poker, on the otherhand, dropped 6.8 percent to just $1.8 million.
In total, the state’s online gambling operators generated a total of $52.09 million in online poker, online casinos, and online sports betting gross revenue which is a 1.8 percent decline from the $53.08 million that was recorded in the previous month. Some experts have attributed the fall to last month’s positioning as one of the slowest periods in the country’s sporting calendar.
New Jersey Online Gambling Sites
Detailed Figures From the Report
New Jersey Internet Gambling Revenue
May 2019 | April 2019 | +/- month over month | May 2018 | +/- year over year | |
Borgata poker | $394,272 | $403,993 | -2.41% | $442,677 | -10.93% |
Borgata casino | $5,509,496 | $5,241,265 | +5.12% | $4,138,693 | +33.12% |
Borgata overall | $5,903,768 | $5,645,258 | +4.58% | $4,581,370 | +28.86% |
Caesars poker | $715,168 | $741,873 | -3.60% | $770,348 | -7.16% |
Caesars casino | $3,759,158 | $3,989,857 | -5.78% | $3,321,081 | +13.19% |
Caesars overall | $4,474,326 | $4,731,730 | -5.44% | $4,091,429 | +9.36% |
Golden Nugget casino | $14,078,208 | $14,316,345 | -1.66% | $8,600,364 | +63.69% |
Hard Rock casino | $1,518,438 | $1,606,743 | -5.50% | $- | N/A |
Ocean Resort casino | $476,435 | $318,689 | +49.50% | $- | N/A |
Resorts poker | $688,292 | $577,710 | +19.14% | $716,668 | -3.96% |
Resorts casino | $7,283,681 | $6,797,686 | +7.15% | $2,910,644 | +150.24% |
Resorts overall | $7,971,973 | $7,375,396 | +8.09% | $3,627,312 | +119.78% |
Trop casino | $3,917,490 | $3,808,203 | +2.87% | $3,402,146 | +15.15% |
Total poker | $1,797,732 | $1,723,576 | +4.30% | $1,929,693 | -6.84% |
Total casino | $36,542,906 | $36,078,789 | +1.29% | $22,372,928 | +63.34% |
Total overall | $38,340,638 | $37,802,365 | +1.42% | $24,302,621 | +57.76% |
The Success of Sports Betting in New Jersey
New Jersey Online Gambling Revenue
As the state’s gaming regulators released its monthly revenue reports, one of the most notable highlights was the sports betting vertical. The state just celebrated the one-year anniversary of its legalized sports betting industry that launched following a landmark ruling by the country’s Supreme Court. The industry has surprised everyone, to say the least, and continues to do so – already a total of over $3 billion has been wagered since it kicked off.
Putting all that into consideration, it is quite obvious thatthe industry has a very bright future both in the state as well as the rest ofthe United States. With online and mobile sports betting now in the mix, it issafe to say that the sky is the limit for the state’s sports betting industry.