During March 2019, the New Jersey state recorded its best ever online casino revenue figures with $40 million. This exceeded its previous high of $36 million by an incredible 11.5%.
Online gambling is growing fast. Since the launch of online sports betting, the growth in this segment is lifting other online segments such as online casino games (with the exception of online poker which is slightly odd). As the saying goes “The rising tide lifts all boats” – excluding poker boats which are grounded.
It appears that the ability to expand horizontally and cross market products has created the perfect online experience for NJ Online Gambling Operators.
Since the launch of online sports book in NJ only last August, growth has been steady with a sudden spike in March. Whether or not this is a seasonal trend has yet to be seen.
Key Points
- March 2019 online gambling revenue was $40 million
- Online casino revenue was $37 million in March 2019
- The increase from year on year to March 2019 is a staggering 53%
- Online poker is bucking the strong growth trend
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The leading online casino
The results of March 2019 show that the Golden Nugget and its licensed casino is stretching its lead over the rest of the pack. The Golden Nugget raised over $14 million in revenue for the month, being the only casino operator to exceed $10 million.
With revenue flat lining, Tropicana Virgin remains treading water being the second smallest revenue generator for the month. This is not surprising, given they do not have an online sports book to prop up online sales overall.
Borgata Casino and Resorts had a remarkable month shooting up the charts with an increase in revenue of over 34%. It’s online sports book also supporting online casino gaming.
The Stats for Online Gaming Revenue in New Jersey
- Total – $40 million
- Online Casino – $37 million
- Online Poker – $3 million