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New Jersey, Golden Nugget online gambling all-time highs

TAGs: New Jersey Online Gambling

new-jersey-golden-nugget-online-gamblingNew Jersey’s regulated online gambling market and the Golden Nugget‘s online casino posted yet more record high revenue totals in October.

Figures released Thursday by the New Jersey Division of Gaming Enforcement (DGE) show the state’s online gambling licensees generated revenue of $26.75m in October, up more than 30% from the same month last year and exceeding the state’s previous all-time high of $25.9m set this July.

As usual, the online casino vertical was October’s revenue engine, rising 34.7% to $25.1m. Online poker was down 14.5% year-on-year to $1.65m, but this represented a $500k improvement over September’s all-time record low, so, er, hurrah?

Year-to-date revenue figures are equally tilted towards the casino vertical, which is up more than one-fifth to $224.7m while poker is down 12% to just under $18.1m. The overall revenue tally is up 19% to $242.75m.

The Golden Nugget’s family of casino-only sites was also in record form in October, reporting revenue of $9.67m, around $3.5m higher than the same month last year and handily beating its previous market-best record of $9.33m set this July.

The Borgata family of sites held on to second place on the revenue chart with $4.36m, of which $407k came from poker. Caesars Interactive Entertainment (CIE) placed third with $3.9m, with $606k coming via poker.

The Tropicana’s casino-only online operations earned $3.7m in October, while Resorts Digital Gaming and its PokerStars partner wasn’t far back with nearly $3.5m, of which over $640k came via poker, allowing Stars to claim October’s poker crown, despite lacking CIE’s access to interstate player liquidity.

As for the new kids on the digital block, Hard Rock Atlantic City’s online casino had a breakout month, as revenue just topped $1m in October, up more than 50% from September. The Ocean Resort Casino‘s online casino was also in hyper-growth mode, rising nearly 84% to $595k.

A little further north, Delaware – the only other state that reports online gambling figures – reported total revenue of $226,489 in October, 8% higher than the same month last year but over $110k less than September 2018’s record haul. Online slots contributed $53,516 to October’s total, while table games added $53,516 and poker anted up a mere $17,314.

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