NJ Online Gambling Revenue Surpasses $20 Million in August
Published September 19, 2018 by Elana K
NJ online gambling revenue in August was nearly $25 million, marking the 18th consecutive month that the state's online gambling industry surpassed $20 million.
New Jersey online gambling has broken the $20 million mark for the 18th consecutive month. August saw a total of $24.8 million in revenue, but despite its high numbers, did not beat the previous month’s record of $25.9 million. As expected, New Jersey’s online casinos did all the heavy lifting, while online poker lagged behind with a mere $1.8 million contribution to August’s overall online gambling revenue.
Market Leaders
New Jersey’s online gambling industry seems to have fallen into a predictable pattern. As expected, the Golden Nugget brought in nearly one-third of August’s revenue with a little under $8.2 million. While the figure is nothing to scoff at, it’s more than $1 million less than the casino’s record-high of $9.3 million in July.
Borgata came in second with a respectable $4.65 million, $440K of which came from its 3 poker sites. Resorts Digital Gaming came in third place with a bit over $4 million, $651K of which came from poker.
The Tropicana came in fourth with $3.6 million from its casino-only operations, while Caesars Interactive Entertainment New Jersey came in at a close fifth with about $3.5 million, $725K of which came from online poker.
Slow Improvement for the Newcomers
New Jersey’s two new online casinos, the Hard Rock Atlantic City and the Ocean Resort Casino, didn’t break the $500K mark in August, however, both brought in more than $100K than they did in July.
New Jersey Sports Betting Poised for Greatness
In related news, the New Jersey sports betting industry brought in $9.2 million in revenue this August, bringing the year’s total to $16.5 million - and sports betting only started in June. New Jersey’s sports betting industry is doing so well, in fact, that Adam Krejcik, head analyst for Eilers & Krejcik Gaming, has predicted that it will surpass Nevada as the sports betting leader in the U.S. All in all, New Jersey is making a name for itself in both sports betting and online gambling.
