New Jersey Online Gambling Revenue
According to revenue figures released by the New Jersey Division of Gaming Enforcement (DGE), the state’s regulated online gambling market almost eclipsed its all-time monthly revenue record last month. All of the states regulated and licensed online gaming operators generated combined revenue of $38.34 million in May which is a modest $800,000-ish drop from its all-time record of $39.1 million that was generated in March. It is, however, worth noting that the May revenue figure was a stellar 57.8 percent year-on-year increase which is, by all means, a very positive development for that particular market.
- In May, gamblers in New Jersey bet more than $263.5 million on sports online, and less than $55.4 million in person, according to the monthly Division of Gaming Enforcement report. “Any state that.
- Figures released Tuesday by the New Jersey Division of Gaming Enforcement show the state’s licensed online gambling operators generated combined revenue of $49.3m in December, a 70% improvement.
- 2019 was a pivotal year for online gambling in New Jersey, as the total NJ online casino revenue for the year was $482,695,308; an increase of 61.6% over the $298,700,903 pulled in for 2018.
Recently released figures have shown that revenue from online gambling activities soared for the month of August in New Jersey. In addition, the state also saw record highs when it came to sports betting, with close to $670 million in wagers during the month of August, reflecting an increase of 112% month-on-month. After several fairly flat months, New Jersey online gambling revenue has begun to surge once again. NJ gambling sites combined to bring in $93.5 million for the month of October, setting a new record. Prior to this, total online revenue for the state had hovered between $85 million and $88 million since May. Sports betting was also on the rise, up nearly 30% with mobile and retail channels.
Unsurprisingly, the online casino vertical was responsiblefor most of the earnings – it shot up 63.3 percent year-on-year to more than$36.5 million. Online poker, on the otherhand, dropped 6.8 percent to just $1.8 million.
In total, the state’s online gambling operators generated a total of $52.09 million in online poker, online casinos, and online sports betting gross revenue which is a 1.8 percent decline from the $53.08 million that was recorded in the previous month. Some experts have attributed the fall to last month’s positioning as one of the slowest periods in the country’s sporting calendar.
New Jersey Internet Gambling Revenue
Detailed Figures From the Report
| May 2019 | April 2019 | +/- month over month | May 2018 | +/- year over year | |
| Borgata poker | $394,272 | $403,993 | -2.41% | $442,677 | -10.93% |
| Borgata casino | $5,509,496 | $5,241,265 | +5.12% | $4,138,693 | +33.12% |
| Borgata overall | $5,903,768 | $5,645,258 | +4.58% | $4,581,370 | +28.86% |
| Caesars poker | $715,168 | $741,873 | -3.60% | $770,348 | -7.16% |
| Caesars casino | $3,759,158 | $3,989,857 | -5.78% | $3,321,081 | +13.19% |
| Caesars overall | $4,474,326 | $4,731,730 | -5.44% | $4,091,429 | +9.36% |
| Golden Nugget casino | $14,078,208 | $14,316,345 | -1.66% | $8,600,364 | +63.69% |
| Hard Rock casino | $1,518,438 | $1,606,743 | -5.50% | $- | N/A |
| Ocean Resort casino | $476,435 | $318,689 | +49.50% | $- | N/A |
| Resorts poker | $688,292 | $577,710 | +19.14% | $716,668 | -3.96% |
| Resorts casino | $7,283,681 | $6,797,686 | +7.15% | $2,910,644 | +150.24% |
| Resorts overall | $7,971,973 | $7,375,396 | +8.09% | $3,627,312 | +119.78% |
| Trop casino | $3,917,490 | $3,808,203 | +2.87% | $3,402,146 | +15.15% |
| Total poker | $1,797,732 | $1,723,576 | +4.30% | $1,929,693 | -6.84% |
| Total casino | $36,542,906 | $36,078,789 | +1.29% | $22,372,928 | +63.34% |
| Total overall | $38,340,638 | $37,802,365 | +1.42% | $24,302,621 | +57.76% |
New Jersey Online Gaming Revenue Report
The Success of Sports Betting in New Jersey
As the state’s gaming regulators released its monthly revenue reports, one of the most notable highlights was the sports betting vertical. The state just celebrated the one-year anniversary of its legalized sports betting industry that launched following a landmark ruling by the country’s Supreme Court. The industry has surprised everyone, to say the least, and continues to do so – already a total of over $3 billion has been wagered since it kicked off.
New Jersey Online Gambling Sites
Putting all that into consideration, it is quite obvious thatthe industry has a very bright future both in the state as well as the rest ofthe United States. With online and mobile sports betting now in the mix, it issafe to say that the sky is the limit for the state’s sports betting industry.