New Jersey Online Gambling Breaks Record for Third Consecutive Month
Published October 25, 2019 by Elana K
New Jersey online gambling has hit a record-high for the third month in a row. This September, the industry raked in $41,138 million, narrowly surpassing August’s total of $41,101 million.
New Jersey online gambling has hit a record-high for the third month in a row. This September, the industry raked in $41,138 million, narrowly surpassing August’s total of $41,101 million. Compared to September 2018, there was a whopping 60% increase. But while the total numbers for online gambling are climbing, New Jersey’s online poker remains in a sad state. This month, it generated a meager $1.64 million out of the total.
The Month’s Winners
As always, the Golden Nugget maintained a hefty lead, generating $15.6 million in revenue, a 68.5% year-on-year increase. Resorts Digital Gaming came in second with $8.93 million. In addition to its own casino site, the Resorts umbrella also covers DraftKings, Fox Bet, and Mohegan Sun. Resorts’ September total was a 160.3% increase from last year. Borgata came in third with nearly $7 million, a 52.5% year-on year increase, while Caesars Interactive Entertainment followed with $3.95 million and a 5.1% year-on-year decrease. Tropicana came in last with $3.26 million, a 2.4% decrease from the previous year.
Sports Betting’s Role
New Jersey sports betting also did well in September, generating nearly $30 million in revenue, a $10 million increase from the previous month. Football season undoubtedly has something to do with that, and the momentum is only expected to pick up.
The combined revenue of online gambling, poker, and sports betting totaled over $70 million in September. The state taxes online gaming revenue at 17.5% and sports betting at 8.5%. That’s a hefty haul for the state.
Delaware Also Breaks Record in September
September marked a record-high for Delaware, with online gambling bringing in nearly $385,000 in revenue. While this may seem like peanuts compared to New Jersey, for Delaware, it’s quite a feat. The majority of revenue came from video lottery games ($192,750) with table games following closely ($171,156). Online poker only generated $21 thousand, showing a similar struggle to New Jersey.
