February online gaming results continue to show why New Jersey dominates in the US iGaming industry.
New Jersey has proven time and time again that they are the best when it comes to online gambling in the United States. Month after month, the state continues to record stellar online gaming earnings, reaching new and amazing heights with each revenue report release. Usually around two weeks after a month has come to an end, the New Jersey Division of Gaming Enforcement will release the previous month’s online gaming totals. Even though February was a short month, the state continued to hit high marks when it comes to overall online gaming earnings.
Just Over $22m for February
The month of February was the biggest month for the state when it comes to online gambling. With only 28 days in the month, operators in New Jersey were still able to reach record numbers. Overall, the state earned just over $22 million for the month, which is more than 10% increase from January and a close to 17% increase from February of last year.
The majority of the online gaming win came from the casino side, with $20.2 million earned. This was an increase of 11.9% from January and just over 22% more than what was earned in February 2017. For online poker, numbers are still low, at $1.8 million earned, but a slight increase of 0.6% was seen when compared to January. However, when looking at February 2017 totals, the state actually saw a huge decrease in online poker earnings by 24.2%.
When it comes to online gaming, New Jersey continues to be quite impressive. The February overall totals come in at over $20 million which marks the 12 time running that the state has been above this threshold. The month marks the 5th time the state has earned over $21 million, with the industry managing to earn more than $785,000+ per day for the month.
Breaking It Down by Operator
The Golden Nugget continues to hold the top spot, with February producing $7.9 million in earnings. This is amazing. In January, the operator earned just a bit less with $7.3 million in online revenues. When looking at February of 2017, the operator brought in 53% more. The operator continues to dominate the industry and is showing no signs of slowing down.
Resorts AC had a great month as well, earning just under $3.8 million. This was a year-over-year growth of 42%. Borgata was up from January, just slightly and managed to bring in just over $4 million. They have seen more than $4 million in month earnings for six months now.
Online poker was actually up for Caesars, the brand that saw $40,000 more earned when comparing January online poker totals. The online casino brought in $3.2 million. Tropicana saw a nice increase of 3% year-over-year while climbing 13% when compared to January.
What’s to Come?
With such good numbers for February and the month being so short, it would not be surprising to see the month of March earn over $22 million easily. The numbers for the month will not be out until mid-April, so it will be some time before we can see what the month will produce. With each month doing so well, so far, it will not be surprising for the state to reach the $250 million mark or higher for 2018. If the state does reach this mark or higher, they will only continue to solidify their standing as the number one state when it comes to online gambling in the US.