BUSINESS

New Jersey’s online gambling market has second-best month

TAGs: New Jersey Online Gambling

new-jersey-online-gambling-second-best-monthNew Jersey’s regulated online gambling market had its second-best month on record in April, despite the poker vertical continuing to wet-blanket the numbers.

Official stats released by the New Jersey Division of Gaming Enforcement (DGE) show the state’s online licensees generated revenue of nearly $36.6m in April, a nearly 59% improvement over the market’s performance in the same month last year but roughly $2.5m below March’s record tally.

Trust us, we’re as tired of writing this as you are reading it, but April’s gains were entirely due to the online casino vertical, which shot up nearly two-thirds year-on-year to $34.9m. In equally clichéd fashion, online poker revenue slipped 5.3% to $1.67m, not far off the vertical’s record-low benchmark of $1.56m set last November.

For the year-to-date, New Jersey’s online revenue is up 52.4% to just over $141m, with online casino rising 57.2% to $133.8m while poker is off 2.5% to slightly less than $7.3m.

The Golden Nugget’s family of sites – the Nugget’s own site, BetfairCasino, PlaySugarHouse and Churchill Downs Inc’s new BetAmerica – maintained its online casino revenue crown with $13.85m in April, only around $300k off its record performance in March.

Resorts Digital Gaming retained its runner-up status in April with $7.1m – down from $8.5m in March but nearly twice the sum Resorts booked in April 2018 – with $559k coming through The Stars Group’s PokerStars brand.

The Borgata casino’s family of sites managed to surpass (albeit by the slimmest of margins) its March total of $5.44m by reporting $5.46 in April. Of that April sum, around $391k came via the three poker sites operating under the Borg’s license.

Caesars Interactive Entertainment New Jersey earned $4.6m in April, with a market-leading $718k from poker. The rest of the casino-only sites finished as follows: the Tropicana ($3.7m), Hard Rock Atlantic City ($1.55m) and the Ocean Casino Resort ($308k).

Comments

views and opinions expressed are those of the author and do not necessarily reflect those of CalvinAyre.com