Another Record High for NJ Online Gambling and New Hope for Online Poker
Published April 19, 2018 by Elana K
March 2018 marks the third consecutive month that New Jersey online gambling revenue has broken previous records.
Another month, another record set by the online casino industry in New Jersey. The New Jersey Division of Gaming Enforcement (NJDGE) released March’s numbers, and the state's overall revenue came to $25.6 million. The overall revenue of February 2018 also set a record-high, but March’s revenue surpassed it by over $3 million. March marks the third consecutive month that New Jersey online gambling revenue has broken previous records.
Online Casino Rankings
As usual, the Golden Nugget was the frontrunner in March, earning over $8 million, more than Borgata and Caesars combined. Borgata came in second as usual with $4.58 million, but the pleasant surprise was Caesars, which brought in $4.41 million in revenue, a double-digit increase over last month’s numbers.
Good News for NJ Online Poker
Unfortunately, New Jersey’s online poker continues to struggle. In March its revenue came to $2 million, with a negligible .2% increase from last month and a 12.7% decrease from March 2017.
The good news is, the shared player liquidity compact that governor Chris Christie signed with Nevada and Delaware in October 2017 will finally kick off on May 1, 2018. The compact means that players from all three states will be able to play online poker against each other.
David Rebuck, director of the NJDGE, commented that the compact "will raise jackpots and provide even greater opportunities for play. It also paves the way for additional states to join and grow the regulated, legal online poker market."
Moreover, it may be just the boost the New Jersey online poker needs in order to see higher revenue numbers.
