iGambling Revenue Record Set in NJ for March
New Jersey online gaming sites set new records for revenues with March totals.
It is no secret that the state of New Jersey is the number one market in the United States. New Jersey has been able to offer both casino and poker gaming successfully, continuing to set records when it comes to revenue earnings and player participation. For the month of March, the online gambling sites available in the state were able to beat the state’s previous monthly revenue record, as the gaming totals came in at over $20 million.
Big Earnings for March
With the $21.7 million earned online in March, New Jersey online gaming sites have created a new record to beat. The state had never seen revenues surpass the $20 million mark until last month. The New Jersey Division of Gaming Enforcement released the online gaming totals yesterday which showed the licensed operators in the state were able to earn just over 40% more than March of 2015 and almost $3 million more than January 2017 totals of $18.8 million. The January numbers were the last time the state saw record revenue earnings for online game play.
The online gaming totals were pushed to the extreme via online casino operations but poker also contributed. For March, the casino vertical was up almost 50% year-on-year with just under $19.5 million in earnings. While poker was down to $2.25 million in earnings, an 8% decrease for the month, it was almost $100,000 more than what the online poker sites of the state earned for February.
The top producer for March was the Golden Nugget, a land-based gaming venue that offers strictly online casino gaming. The Golden Nugget was able to continue to stay on top earning $6.17 million. This is actually $1 million more than the site earned in February and a new record for the operator. The online casino has been able to rank number one in revenues for the six of the last seven months in the state.
The second spot in online earnings goes to the Borgata who brought in $4.35 million for the month. Casino gaming came in at $3.7 million while poker gaming was up with $650,000 in earnings. Resorts Digital Gaming is third in line as far as earnings are concerned with $4.2 million. Casino games made up the bulk of earnings for Resorts as it brought in $3.3 million. Poker for Resorts, which includes PokerStars NJ, was pretty high at $909,000.
At the bottom of the list is Tropicana and Caesars Interactive Entertainment New Jersey. The Tropicana earned only $3.86 million while Caesars Interactive pulled in only $3.15 million.
Live Dealer Casino News
In other online gaming news, Betfair US which is an online gaming option operating under the casino license of the Golden Nugget, has plans to offer a live dealer casino gaming product. Betfair will be offering players who are located at the Nugget the opportunity to play something called Bet Behind.
With Bet Behind, players who are unable to have a seat at the gaming tables will be able to place a side bet on the action of players who are seated in blackjack. Behind bettors are passive though so they will have to rely on the player to make good decisions! Players can choose who they wish to bet on so it is smart to watch for a while before making any decisions.
Overall, New Jersey was quite successful in March when it comes to online casino and poker game play. It will be interesting to see how the totals line up for April and the coming months for the state.