NJ Online Gambling in August Generates $41 Million in RevenuePublished September 18, 2019 by Elana K
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.