New Jersey Smashes Another Online Gambling Record in NovemberPublished December 21, 2019 by Elana K
New Jersey's online gambling revenue for November totaled $49.1 million, with the lion's share coming from online casinos and a mere $1.49 million from online poker.
New Jersey's online gambling industry has outdone itself once again. Online gambling revenue for the month of November smashed its previous October record, while online poker continued to decline. According to the DGE, New Jersey's online gambling revenue for November totaled $49.1 million, nearly $4 million more than October's record.
As usual, online casinos brought in the lion’s share of revenue with $47.6 million, and online poker fell by 4.4% to $1.49, a record low. At the current rate, New Jersey’s online market is on track to reach over $480 million for the year’s total, over $100 thousand more than than the total revenue of 2018.
The Big Earners
The Golden Nugget led the way with nearly $19 million in revenue, more than double its November 2018 earnings and $2.2 million more than October. November also marks the second month that the Golden Nugget’s online revenue surpassed that of its land-based casino.
Resorts Digital Gaming came in second with just under $11 million, tripling its earnings from November 2018. Resorts includes the casino hotel’s online casino, The Stars Group, and DraftKings. Borgata came in third with $8.22 million, a 71.4% increase from November 2018 and $500 thousand more than it earned in October.
Caesars Interactive brought in $6.4 million, though it managed to score the most revenue from online poker - a little over $600 thousand. It also experienced year-on-year and month-to-month growth, with a 17.2% increase from November 2018 and $350 thousand more than October’s profits. Tropicana came in fifth, followed by Hard Rock Atlantic City and Ocean Casino Resort.
Job Creation & Tax Revenue
In other good news, a recent report from the iDevelopment and Economic Association states that New Jersey’s online gambling market has created more than 6500 jobs since it launched in 2013, and these jobs have paid more than $400 in wages. In total, the state hsa earned some $250 million in taxes from the online gambling industry.