NJ Online Gambling in August Generates $41 Million in Revenue

Published September 18, 2019 by Elana K

NJ Online Gambling in August Generates $41 Million in Revenue

New Jersey online gambling set a record-high in August with $41 million in revenue generated from online casinos and poker rooms. Sports betting also had a great month, with nearly $20 million in revenue.

New Jersey’s online gambling numbers from August have been released by the Division of Gaming and Enforcement, and it’s another-record breaking month. Fueled by a record-high $41 million in revenue from online casinos and poker rooms, New Jersey saw year-on-year growth of 65 percent, which is quite impressive. Including revenue from sports betting, New Jersey online gambling revenue reached over $60 million.

Unsurprisingly, the Golden Nugget let the way with $14.98 million in online casino revenue for August, a personal record for the casino itself. Resorts Digital Gaming came in second with revenue of $7.45 million, about $590 thousand of which came from online poker. Borgata followed closely with $7.13 million, about $400 thousand of which came from poker. Caesars garnered $4.97 million with some help from poker to the tune of $700 thousand, while the Tropicana rounded out the top 5 with $4.06 million.

As for online poker, it's still a sore spot in the landscape of New Jersey online gambling. In August it brought in only $1.71 million in gross revenue, down from both the previous month and year. Between June and July 2019 it had actually seen a growth of 6.6 percent, but apparently the trend was short-lived.

Fortunately, online casinos and sports betting are picking up the slack. Online casinos brought in over $39 million in August and sports betting generated $19.2 million in revenue. Compared to August of last year, sports betting grew by a whopping 174 percent. Bear in mind, sports betting has only existed as a legal industry for a little more than a year. But it’s a powerful industry, and the trajectory is certainly upward. 

See also

Borgata Prepares to Launch the First Online Gambling Site in NJ

NJ Online Gambling Data Reveals Youth Gambling Trends

UK Online Gambling Revenues Rise In the Face of New Tax Regime

NJ Assembly Approves Bill to Allow Online Gambling at Racetracks

Macau Revenue Grows at Strongest Pace in 8 Months

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