New Jersey’s online gambling operators started 2020 off on the right foot by utterly demolishing the state’s previous online revenue total.
Figures released Wednesday by the New Jersey Division of Gaming Enforcement (DGE) show the state’s licensed online gambling operators generated revenue of nearly $55.1m in January, a 64% rise over the same month last year and nearly $5m higher than the previous monthly best set in December 2018.
Typically, online poker was little help in setting this new record, as its monthly revenue tally dipped 2.7% to $1.83m, although that’s $100k better than December’s total. The online casino segment was in its usual fine form, shooting up more than two-thirds to $53.25m.
Also as usual, the Golden Nugget’s market-leading online casino led all comers with an astounding $21.2m in January, around $9m higher than January 2019 and smashing last November’s previous Nugget-best of $18.9m. Among the online sites sharing in this bounty were Flutter Entertainment’s BetfairCasino, Rush Street Interactive’s PlaySugarhouse and Churchill Downs Inc’s BetAmerica.
Runner-up Resorts Digital Gaming reported a solid $11.9m in January revenue, although that was slightly below its December record of $19.5m. The online poker operations of The Stars Group’s PokerStars brand, which piggybacks on Resorts’ online license, contributed $635k to January’s total.
Third place went to the Borgata family of sites, which set a new record in January with just under $10.4m, beating its previous record of $9.23m in December. Poker contributed nearly $479k to the total.
The Tropicana’s casino-only sites ranked fourth with $4.36m, narrowly edging out Caesars Interactive Entertainment’s $4.23m. CIE managed to hang on to its online poker crown with over $718k in January.
The Hard Rock Atlantic City, whose online operations include both Bet365 and Unibet, had a solid if unspectacular January with $2.46m, while the Ocean Casino Resort brought up the rear as usual with $531k, although that was five times the sum the Ocean collected in December.
New Jersey’s regulated online market generated total revenue of $482.7m in 2019, a 61.6% rise over 2018’s result, but if January’s results are any indication of what the current year has in store, buckle up.