Online Gambling Continues to do well in New Jersey
New Jersey is the strongest state when it comes to online gambling revenues in the US, but for August, was unable to set a new revenue record.
Currently, only three states offer online gaming options in the United States. Nevada focuses on online poker gaming while Delaware and New Jersey offer both casino and poker online game play. Out of the three states, it is New Jersey that has been able to rise above, and be the top earner in the US. New Jersey earns millions each month in regards to total gaming revenues and has continued to do well with each and every new report.
August Revenue Earnings
On Wednesday, the New Jersey Division of Gaming Enforcement released the revenue earnings for the state which showed an overall revenue earnings of $16.1 million for the month of August. This was over 31% more than what was earned in August of 2015 but under the amount earned for the month of July. In July, the state was able to bring in $17.4 million.
The online gaming revenues are broken up into two sections; casino and poker. Online casino games continue to be the top earner and for August, the games were able to bring in $13.9 million. This was more than 35% more than August of 2015 earnings. Online poker was able to see an increase in earnings by 9.6% with $2.17 million earned. When looking at year to date figures, the online revenues overall have brought in $128.2 million. This is over 32% more than what was earned by this point last year. Casino gaming is up 37% while poker is up just over 10% so far this year.
There are several operators who offer services in New Jersey, each vying for the top spot when it comes to revenues. The top position for August goes to the Borgata Hotel Casino who earned $3.73 million with their online gaming sites. Poker offered up just over $600,000 in revenues while casino gaming contributed $3.12 million.
The Golden Nugget took the second place spot, offering only casino gaming options. For August, the company earned $3.47 million which pushed Caesars Interactive Entertainment into the third position in earnings. Caesars showed $3.1 million in earnings with poker bringing in just under $700,000 and casino gaming offering up $2.4 million.
Fourth place in earnings went to Resorts Digital Gaming who brought in $2.89 million for the month with just over $2 million coming from casino gaming. Resorts works with Amaya Gaming which is the operator of PokerStars, who has now been in the state for some time. For August, PokerStars was able to earn $865,000 which is over $100,000 from the totals of July. Tropicana rounded out the online casino earning totals with $2.85 million.
New Online Casino in the Mix
An interesting side note; a new online casino will now be in the mix moving forward. SugarHouse Casino of Pennsylvania quietly tested and launched a new online casino in New Jersey this past weekend. Playsugarhouse.com is now live and offering real money game play. Rush Street Gaming, the company behind the brand, was granted access to online gaming in the state as long as they were partnered with a land based operator. The new online casino is working with the Golden Nugget to provide gaming options. This new online operator will provide even more revenues for the state in the months ahead. It will be interesting to see how the numbers change once the SugarHouse site has been integrated into the market. One could expect the operator to have low numbers to begin with or we may see good revenues out the gate as players log on to see what the new operator has to offer.