April: NJ Online Casinos Bring In Nearly $80 Million in RevenuePublished May 18, 2020 by Elana K
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.
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.