BUSINESS

New Jersey, Golden Nugget crush online gambling records

TAGs: Golden Nugget, New Jersey Online Gambling

new-jersey-golden-nugget-crush-online-gambling-recordsNew Jersey’s regulated online gambling market set a new revenue record in July, while the Golden Nugget beat its own record for the all-time best individual property result.

The latest monthly figures from the New Jersey Division of Gaming Enforcement show the state’s licensed online gambling operators generated revenue of $39.3m in July, nearly 52% higher than the same month last year and $200k higher than the state’s previous record set this March.

The online casino vertical was up 55.6% year-on-year to $37.4m in July, while online poker managed an anemic 2.1% gain to $1.87m. For the year-to-date, overall online revenue has risen 55.2% to $256.8m, with casino up 60.1% to just over $244m and poker down 2.1% to $12.7m.

The Golden Nugget hit a new market high with just under $14.9m in July, around $700k higher than its previous record set this March. The Nugget’s family of casino sites includes Flutter Ent’s Betfair Casino, Rush Street Interactive’s PlaySugarHouse and Churchill Downs Inc’s BetAmerica brand.

Second place when to Resorts Digital Gaming, which includes Resorts’ own offering, as well as PokerStarsNJ, MoheganSunCasino and DraftKings. These sites combined for $6.87m in July, with $626k coming via poker.

The Borgata family of sites took third with $6.36m, of which nearly $445k came via poker. The Borgata family includes poker offerings from playMGM, NJ PartyPoker and the Borgata’s own site.

Caesars Interactive Entertainment (CIE) New Jersey claimed the largest poker slice with nearly $816k, resulting in a total online score of $5.08m. CIE is the only New Jersey operator currently sharing poker liquidity with the regulated markets in Nevada and Delaware.

As for the rest of the state’s online casino-only sites, the Tropicana reported just over $3.8m while Hard Rock Atlantic City scored $1.9m, down half-a-million from June’s result. Ocean Casino Resort brought up the rear with $328k, well below its $732k peak last November.

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