New Jersey Online Casino Revenue

• New Jersey Online Gambling Revenue Updated on October 15, 2019 Every month the Division of Gaming Enforcement in New Jersey discharges the past month’s legitimate web based gambling revenue for each organization.
• New Jersey Online Casino Revenue Rises Again in May 2020 June 17, 2020 — The closure of many live casinos in New Jersey during the Covid-19 pandemic has been beneficial to online casinos located in the state.

• Tropicana Online Casino
• New Jersey Online Casino Revenue Refund
• New Jersey Online Casino Revenue
• New Jersey Online Casino Revenue Online
• New Jersey Online Casino Revenue Codes

New Jersey: monthly online casino revenue by operator 2019-2020 Delaware: online gaming revenue 2016-2017 Gambling: online gamers who played another online game in France 2014. Online poker’s surge in New Jersey is back to falling behind the house-banked revenue growth. Through the first nine months of 2020, online poker revenue of $30,867,886 marked a 92.1% year-over-year gain. The house-banked online casino games in New Jersey generated $654,740,907, an increase of 102.7%, according to Garden State figures.

New Jersey residents love their casinos. Of course with unprecedented closings in Atlantic City of physical casinos, all of the gambling had to be done at online casinos in the state. Those numbers did not disappoint, as New Jersey reported in the latest report a win of nearly $65M for the month of March. That is a growth of nearly 25%, but this is somewhat to be expected. After all, physical casinos were closed during the month and sports were suspended as of two weeks into March. Let’s take a look at the numbers.

March 2020 Online Casino Revenue

At least there was some good news in March in the internet gaming space, as New Jersey online gambling reported a gain of over $12.8M in revenue since February. Of course, these numbers could be inflated with sports being suspended and physical casinos being closed, but also could be balanced out by the reduction in spending in the economy due to the coronavirus. Keep in mind, for only half of the month there were restrictions due to the pandemic, so April’s numbers could be outrageous compared to the growth we saw in March. Casino customers have clearly shown they will gamble at the online casinos, and we will see for sure with the April numbers.

Looking at March 2020 compared to March 2019, New Jersey saw a revenue boost of $23M, and growth of nearly two-thirds. If you add online poker revenue to online casino revenue, there was a jump of 65.6% in total online casino revenue compared to last March.

NJ Bettors Turn to Online Casinos Amidst COVID-19

New York, Connecticut and New Jersey join growing list of states closing casinos.

Casinos will close at 8 p.m. tonight.

Online gaming (in NJ) remains open.

— Ben Fawkes (@BFawkesESPN) March 16, 2020

Tropicana Online Casino

As of March 16th, 2020, New Jersey casinos closed their doors, but online casinos remained open. That means that in 15 days, New Jersey online casinos likely showed massive growth that led to the increase in revenue for March. It is no surprise that online casino growth occurred with sports bettors having limited choices and casinos being closed, but the real impact will be seen when April numbers are released.

Gov of NJ got jokes. After announcing that casinos would be closed, he says, 'good news: online gaming is still available. Bad news: not much to wager on.' #coronavirus

— T.J. Holmes (@tjholmes) March 16, 2020

As the Governor of New Jersey said, online gaming is still available. But the one thing is, he missed the point about just how much New Jersey online casinos can offer. April numbers on online slots, blackjack, and live dealer games will be a true test to see just how popular the online options are when there is literally nothing else to wager on in America in terms of major professional sports. Bettors are migrating to online casinos and certainly online poker.

New Jersey Online Poker Grows in March

Haven't played online poker since my kid was born (can't remember which) … are there any legal US sites? Or do you have to live in a state like NJ??

— Teddy Greenstein (@TeddyGreenstein) March 13, 2020

Many former poker players that turned to sports betting and/or fantasy sports have taken this route, and it shows in the March numbers. In March, New Jersey online poker revenue came in at $3.63M, up from $1.9M in February. That is nearly double the peer-to-peer gaming handle, with a growth of 90.6% per the latest report from NJ.gov. With online poker growing with the online casino industry, April will be a massive month in terms of expectations.

Every month has found to be unpredictable for the online gambling industry in New Jersey upon the conclusion of October’s 2018 listed revenue record. It hardly took long until November 2018 reported an unprecedented record the state’s online casinos have peaked once again .

Numbers on the board listing for the month of November 2018 came courtesy of the NJ Division of Gaming Enforcement, resulting the month’s online gambling revenue by a long chalk at $27 million.

Coming on the heels of those figures are the NJ online sports betting’s affixing $14.4 million, who have surmounted ahead of time disposing of one month left to list in 2018, compared to the previous year’s revenue total of $245.6 million.

Recent affairs by New Jersey’s online gambling operators till date flirt with a $1 billion in lifetime revenue, which in all manner of ways is shortened by a minimum of $7 million from accomplishment based on its current total of $255 million.

NJ Online Casino Revenue Numbers

The top line numbers indicating the latest monthly revenue reports according to the NJ Division of Gaming Enforcement show as follows.

Revenue by vertical:

• November 2018 online casino revenue: $25,382,434
• November 2018 online poker revenue: $1,561,639
• November 2018 online sports betting revenue: $14,446,570

Revenue totals:

• November 2018 total online gambling revenue: $26,944,073
• November 2018 total online gambling revenue w/ sports: $41,390,643

Online Casino Key Takeaway

October’s breakthrough being a premiere to set an advancing tone for NJ online casino’s momentum, rubbed off a back-to-back streak for the following month, accumulating $25 million in revenue.

The fortune’s wheel of the online casino revenue insisted by growing by more than a third, marking an impressive run they’ve last thrived steadily since 2016. Extent which, you knew that because of the uprush from the casino’s stance, the NJ sports betting customers wouldn’t resist from cross-selling.

Online Poker Key Takeaway

New Jersey Online Casino Revenue Refund

November 2018 marked the poker online industry’s decline in its five-year history of serving after experiencing an all-time low month. It has always been word on the street.

Its revenue once peaked at $3.5 million, and now has slipped down just below $1.5 million in November. At this rate, the online poker’s $2 million downfall is as low as a scholar repeating one grade three times.

Online Sports Betting Key Takeaway

On the contrary, $330 million off books would suffice to deem a rebound of online sports betting during its favorable month which took place October, considering its revenues attempting to virtually double up.

Note: Based on its malleable-tendencies, online sports betting will be distinguished/characterized from being comprised on the analysis below.

Growth Trends

New Jersey Online Casino Revenue

Below are variations by the year:

• Online poker: -13.7 percent
• Online casino: +35 percent
• Total revenue: +30.7 percent

Take notice of the chart below pertaining to monthly performances, when we speak of NJ online gaming industry possibly facing a slump by the year, the idea is still impervious. The chart is all inclusive of all other gambling avenues/streams, except the sports betting revenue.

Borgata Is Still Second-Best In NJ

• License holder: Borgata
• Brands and sub-brands: Borgata, PartyPoker, Pala, playMGM

Borgata certainly did not miss the boat during the month of November when their revenues registered a 12 percent increase year over year, as they steadily maintain stretching their arms out for a $5 million in monthly revenue. If only they could gravitate towards a launch stage.

Meanwhile, Golden Nugget casino have shown determination to make it a knack of accomplishing the $5 million milestone other properties scrape up for on the contrary.

Golden Nugget Is On Top Of The World

• License holder: Golden Nugget
• Brands and sub-brands: Golden Nugget, Betfair, SugarHouse

Golden Nugget also stayed afloat in the face of revenues fluctuating month-over-month, Tropicana also relating with their fair share as a relevant instance, of which the rest you may possibly fill in.

Considering they got the hang of their growing online casino revenue year over year, Golden Nugget are appeased with approximately 50 percent.

By accumulating more than $9 million of revenue substantiates their domination in the NJ online gambling market.

Tropicana Taking A Step Back

• License holder: Tropicana
• Brands and sub-brands: Tropicana, Virgin

Undeterred by their prominence in the market, the property’s appeal for the potentiality of online gambling has more so heightened beyond doubt of late. However, Tropicana have outdone their November efforts as results show.

Resorts Casino Takes A Steady Path

• License holder: Resorts AC
• Brands and sub-brands: Resorts, Mohegan Sun, PokerStars NJ

This month’s results for Resorts have been somewhat mediocre, considering an upward of only 1 percent year over year and within a little 2.5 percent month over month.

Caesars Continues To Move Forward

• License holder: Caesars
• Brands and sub-brands: 888, Caesars, Harrah’s, WSOP

As much as it appears as their benchmark, Caesars’ recent consecutive backslide into dash hopes of a $4 million between October and November is more than true to form take into account their capabilities nonetheless.

Hard Rock Gaining Market Share

• License holder: Hard Rock
• Brands and sub-brands: Hard Rock

Hard Rock has recorded remarkable numbers last month after a million dollars was accumulated, realizing that to be the fastest-accomplished result in the industry’s five-year history. Their November month listed about a 30 percent increase month over month.

Ocean Resort Still At The Bottom

New Jersey Online Casino Revenue Online

• License holder: Ocean Resort Casino
• Brands and sub-brands: Ocean Resort

New Jersey Online Casino Revenue Codes

Coming in lagging behind Hard Rock by a margin listing $730k for the month is Ocean Resort. Fairly new in the city actualizing online revenue growth, and immersing itself in the activities but mildly showing aggressive progress.