New Jersey Online Gambling Revenue Hits New High in January 2020
Published February 26, 2020 by Elana K
In the first month of the new year, NJ online gambling shattered the previous month’s record with total revenue of over $55 million. As usual, online casinos brought in the lion’s share with $53.25 million and online poker brought in only $1.83 million.
New Jersey online gambling hit its stride in 2019 - nearly every month, the total online gambling revenue reached a new high. The consistent pattern was that online casino revenue continued to climb, while online poker struggled. It seems that 2020 is continuing with the same pattern. In the first month of the new year, NJ online gambling shattered the previous month’s record with total revenue of over $55 million. As usual, online casinos brought in the lion’s share with $53.25 million and online poker brought in only $1.83 million.
Market Leaders
The Golden Nugget has retained its spot at number 1, generating $21.2 million in revenue, up approximately $9 million from January 2019. It also beat its previous record of $18.9 million, set in November 2019.
Resorts Digital Gaming came in a far second with $11.9 million in revenue, down from its December 2019 record of $19.5 million. Its online poker operation brought in only $635K.
The Borgata family of casinos came in third with its own personal record of nearly $10.4 million, up over a million dollars from its previous record of $9.23 million, which was set in December 2019. Its online poker operations contributed nearly $479K to the total.
Tropicana, which operates only online casinos, came in fourth with $4.36 million, beating out Caesars Interactive Entertainment, which came in fifth with $4.23. CIE, however, does offer poker, which generated nearly $720K of its total revenue. CIE poker continues to be the market leader.
Rounding out the last places are Hard Rock Atlantic City with $2.46 million and Ocean Casino Resort with nearly $531K. While Ocean usually comes in at the last place, January’s total was 5 times the amount it earned in December 2019, giving the casino’s owners reason to hope.
While it’s only the beginning of 2020, if January is any indication, it’s going to be a good year for New Jersey online gambling.
