New Jersey Online Gambling and Sports Betting Break Records in OctoberPublished November 18, 2019 by Elana K
New Jersey online gambling operators generated $45.2 million in October, $4.1 million more than the state’s previous records of August and September, and a 69% year-on-year increase.
New Jersey seems unstoppable - at least, when it comes to online gambling and sports betting. The trailblazing state set another record in the month of October, according to the latest figures released by the Division of Gaming Enforcement (DGE). Online gambling operators generated $45.2 million in October, $4.1 million more than the state’s previous records of August and September, and a 69% year-on-year increase.
New Jersey seems to be getting into a regular pattern, and that includes the Golden Nugget always coming out on top. The Nugget didn't disappoint this October, outperforming its rivals once again with revenue of $16.62 million, approximately $1 million more than its previous record. The Nugget’s online gaming even exceeded its land-based casino’s revenue, another first.
Resorts Digital Gaming experienced a massive year-on-year increase in revenue, generating $10.33 million, a $196.2 improvement from October 2018. About $550 thousand came from its online poker operations.
Borgata came in third with $7.75 million in revenue, followed by Caesars Interactive Entertainment, which brought in $4.26 million in revenue. The Tropicana rounded out the top 5 with $3.88 million.
It’s not only New Jersey online gambling that’s doing spectacular, but the Garden State’s sports betting industry has also been riding a wave of success. The figures released by the DGE show that New Jersey gamblers bet nearly half a billion dollars in October alone. Of that, the House took in $46 million in revenue and the state earned $26.8 million in tax revenue.
Former state senator, Ray Lesniak, commented, “Within five years, New Jersey will be the Mecca of sports and online gambling.” Now, who’s willing to place a wager that that may happen in less than five years?