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New Jersey has done it again. Its online gambling revenue reached a record-high this July at $39.9 million - $200 thousand more than its previous record, which was set in March of this year. July's revenue is also 52 percent higher than July of 2018, making for an all-around impressive feat.
Casino Rankings
The Golden Nugget seems unstoppable, hitting its own personal record of just under $14.9 million. Resorts Digital Gaming came in second with $6.87 million, Borgata came in a close third with $6.36 million, Caesars Interactive Entertainment earned $5.08 million, and rounding out the top five was the Tropicana, with just over $3.8 million.
Though Caesars came in fourth in overall online gambling revenue, it posted a little over $800 thousand in poker, the highest from any of the other casinos that offer online poker.
New Jersey Sports Betting Slows Down
New Jersey’s sports betting also hit a record in July, but not the way operators would have liked. July marked the lowest overall handle since sports betting was legalized over a year ago, with $251.3 million. July, however, is typically a low-betting month, since the only pro sport that’s not on break is baseball, and that generates the least action.
Online sportsbooks were responsible for the majority of revenue, with $213 million; on-site sportsbooks generated only $38.3 million. Since sports betting began, casinos have already earned $127.5 million, while New Jersey's total gaming revenue since 2019 is $1.925 billion.
Despite sports betting's record-low in July, there’s no reason that it shouldn’t pick up once football and basketball seasons start. If there's one thing New Jersey excels at, it's gaming.
