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The New Jersey Division of Gaming Enforcement (DGE) released the totals of April’s online gambling revenue. New Jersey has had a great year so far, with almost-continuous record-breaking months, but April, while producing a double-digit year-on gain, did not break any records.
According to the DGE, regulated online gambling operators in New Jersey generated revenue of nearly $21 in April. When compared to April 2016, the total shows a 22.6 percent increase. But when compared to March, which brought in an all-time high of $21.7 million, April fell a bit short.
Breakdown of Revenue
The lion’s share of April’s revenue was from online casino operations, as opposed to online poker. Online casino revenue hit $18.85 million ($1 less than March) and online poker brought in a bit less than $2 million.
Top Earners
The Golden Nugget came in first with just under $5.4 million. Borgata came in second with $4.2 million, which included $600 thousand from online poker. Both followed the pattern of a year-on-year increase and a month-on-month decrease.
The Tropicana came in third with $3.94 million, an increase from both April 2016 and March 2017. Resorts Digital Gaming came in fourth and Caesars Interactive Entertainment came in last for the second consecutive month.
Future Projections
While one non-record-breaking month is certainly disappointing, it’s not the end of the world and certainly doesn’t bode ill for the future of New Jersey’s online gambling operations. The only cause for worry would be if this trend continues.
As of now, a recent report on New Jersey’s online gambling released earlier this month stated that New Jersey is the paradigm of successful online gambling regulation. In fact, the report states that New Jersey's online gambling endeavor has "proven a success on nearly every front imaginable.”
Let's just hope it continues that way.
