New Jersey Online Gambling Generates $86 Million in May 2020

Published June 20, 2020 by Elana K

New Jersey Online Gambling Generates $86 Million in May 2020

New Jersey online casinos generated nearly $86 million in the month of May, easily beating the previous record of $80 million set in April. The record numbers are attributed to the closure of land-based casinos due to COVID-19.

New Jersey online casinos generated nearly $86 million in the month of May, easily beating the previous record of $80 million set in April. The record numbers are attributed to the closure of 9 gaming floors in Atlantic City due to COVID-19. According to the New Jersey Division of Gambling Enforcement (DGE), online casino revenue has experienced a 124% year-on-year increase.

As expected, slots and table games brought in the lion’s share of revenue at $81.4 million, while online poker brought in $4.5 million, a considerable decrease from April’s record of $5.15 million.

Casino Rankings

As usual, the Golden Nugget generated the most revenue, surpassing its April record by $1.3 million and reaching over $29 million in May. Resorts Digital Gaming came in a far second with $17.66 million, surpassing its April record by $1.5 million. The Borgata family of sites came in third with $16.67 million, and Caesars Interactive Entertainment came in fourth with $9.4 million. The Tropicana rounded out the top 5 with $6.7 million.

Sports Betting

With New Jersey’s racetracks closed down, along with most major national sports, sports betting revenue in the Garden State hit only $9.9 million, a one-third decrease from May of 2019. The Meadowlands and partner FanDuel generated $4.23 million while Resorts and partner DraftKings brought in $3.76. These were the only two operators to surpass the $1 million mark.

Gambling Industry Takes a Hit

Unfortunately, the stellar numbers of online gambling were not enough to help New Jersey out of the hole that has been created due to the lack of land-based gambling and sports betting. In total, revenue from online gambling, poker, and sports betting generated $95.8 million, a 16.1% month-on-month decrease and a 65.4% year-on-year decrease. The only good news here is the fact that online gambling is operational. States that don’t have online gambling are experiencing much greater losses than those that do.

Mentioned in this article

See also

New Jersey Online Gambling Revenue Hits New Record

New Jersey Smashes Another Online Gambling Record in November

New Jersey Gambling Regulations

New Jersey Takes on Australia's Online Gambling Problem

New Jersey's Online Gambling Continues to Impress


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