New Jersey Online Gambling Revenue
New Jersey Division of Gaming Enforcement reports a record revenue increase in 2019. Top results have so far been achieved in March, going quite near the $40 million mark. Atlantic City Casinos are flourishing, with an overall 52.4% increase from last year’s April revenue reports. Online casinos won $90,933,749, also a new monthly record. Online poker site revenue fell slightly to $2,517,774, down from $2,554,216 in September. Falling revenue for New Jersey online poker has been the trend for three months now, ever since the all-time high set in July due to the WSOP Online Bracelet Series.
- New Jersey Online Gambling Revenue Certificate
- New Jersey Online Gambling Revenue Penalties
- 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.
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.
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 Gambling Revenue Certificate
The Success of Sports Betting in New Jersey
New Jersey Online Gambling Revenue Penalties
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 Revenue
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.