BUSINESS

New Jersey’s online gambling revenue growth slows in August

TAGs: New Jersey Online Gambling

new-jersey-online-gambling-august-revenueNew Jersey’s regulated online gambling market continued its trend of double-digit gains in August but failed to set a new revenue record.

Figures released Wednesday by the New Jersey Division of Gaming Enforcement (DGE) show overall online revenue of $16.1m in August, up 31.6% year-on-year but well back of the record $17.4m earned in July.

Online casino revenue continued to drive the overall figures, rising 35.8% year-on-year to $13.9m. Online poker shook off its traditional summer slump by rising 9.6% to $2.17m. For the year-to-date, overall online revenue totaled $128.2m, 32.6% higher than at this point last year. Poker is up 10.7% to $17.9m while casino jumped 37% to $110.3m.

The Borgata Hotel Casino-affiliated sites held on to pole position on the revenue chart, albeit not by much. The Borgata sites garnered $3.73m in August, with casino contributing $3.12m and poker anteing up $608k.

The Golden Nugget’s casino-only operations continue to impress, generating $3.47m in August. That was enough to push traditional runner-up Caesars Interactive Entertainment into third place. CIE reported revenue of $3.1m; $2.4m from casino and just under $700k from poker.

The state’s other hybrid operator, Resorts Digital Gaming, ranked fourth with $2.89m, of which $2.03m came via casino. Resorts has teamed with Amaya Gaming’s PokerStars brand, which reported poker revenue of $865k, a rebound from its $754k low-score in July. The Tropicana’s casino-only site brought up the rear with $2.85m.

Of the state’s three licensed poker operators, PokerStars enjoyed the biggest sequential bump ($111k), while CIE’s total was around $50k more than July’s take while the Borgata’s poker revenue was flat.

The Nugget’s casino revenue was down about $230k from July, despite the introduction of the market’s first live-dealer casino product courtesy of Ezugi NJ, although one can’t rule out the variance of the occasional slots jackpot. Last week saw the Nugget add a new site to its roster courtesy of Rush Street Interactive’s Playsugarhouse.com.

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