April: NJ Online Casinos Bring In Nearly $80 Million in Revenue

Published May 18, 2020 by Elana K

April: NJ Online Casinos Bring In Nearly $80 Million in Revenue

April was a great month for New Jersey's online casinos, but even their record-high can't make up for the abysmal state of land-based casinos and sports betting.

Unsurprisingly, New Jersey’s online casinos had an incredible month in April, generating nearly $80 million as the state's land-based casinos and sports betting are virtually non-operational. According to the New Jersey Division of Gaming Enforcement (NJDGE), the state’s online casinos brought in $79.9 million, a 118.6% year-on-year increase and nearly $15 million more than the record set in March 2020. Which makes sense, since Atlantic City casinos closed only mid-March, while they were on lockdown for the whole month of April.

However, despite the record-breaking month, the revenue from online gambling is not enough to cover the millions of dollars in losses from land-based casinos and sports betting.

Finally, Good News From Online Poker

It took a pandemic, but New Jersey online poker is finally on the rise. In April, not only did online casino revenue increase by 114.3%, but online poker more than tripled, reaching a total of $5.15 million.

Online Casino Leaders

As always, the Golden Nugget won the number one title by a wide margin. The Nugget generated $27.64 million, its own record-high. Resorts Digital Gaming came in a far second with $16.1 million, with over $2 million of that coming from online poker. The Borgata family of sites came in a close third with $15.86 million, with $1.22 million from online poker. Caesars Interactive Entertainment claimed fourth place with $8.7 million, with $1.86 million from poker.

Sports Betting

New Jersey sports betting, like the state’s land-based casinos, took a hard hit in April, generating only $2.63 million in revenue, an 87.6% year-on-year decrease from 2019. The betting handle reached only $54.6 million, as opposed to last year’s $313.7 million.

The FanDuel/Meadowlands partnership came in first with $1.63 million in revenue, Resorts Digital came in second with $604K in revenue, and William Hill/Monmouth Park came in third with only $182K. These were the only operators to generate revenue that reached triple digits in April.  

See also

Caesars Online Casino Has NJ Online Casino License

Play Poker in April With PokerStars, Full Tilt

April's New Games at Casino La Vida

GVC Embraces Insight as Well as Revenue in Expanding Optimove Agreement

Cherry Revenues Look Sweet, as Long as the Online Pie is Well Cut

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