Summary: The month of October was a good one for the iGaming industry of New Jersey as the online casino and poker gaming sites brought in a record-setting $26.75 million for the month.
If you pay any attention to the online gambling industry in the United States, then you know that New Jersey is the top performing state regarding online poker and casino gaming. For years now, no other state has been able to produce the revenues that iGaming operators report in the state. The New Jersey Division of Gaming Enforcement just released the online gaming revenue numbers for October, with the state setting a new monthly record and increasing their earnings when compared to the same month last year.
A Successful October
October was a great month for online poker and casino gaming. In total, operators were able to bring in over $26.75 million. This amount was better than the previous monthly record set in July. Online casino gaming was of course the dominating factor, creating over $25 million of the total monthly amount.
In total, $26,753,878 was earned in October, with online casino revenues coming in at $25,100,132. Total revenues were over the $20 million mark for the 20th month in a row! This is an amazing achievement and seems to prove that online gaming is not going to slow down any time soon in the state.
When looking at numbers from October 2017, the online gaming industry was up over 30%. Last year, the state saw only $18.6 million in total earnings.
Highlights of the Month
Overall, month to month, the online gaming revenues were up 0.5%. For online casino gaming, the totals were up 0.6% month to month and over 34% year over year. With online poker gaming, the month to month and year over year totals had dropped, but $1.65 million was still earned.
The Golden Nugget continues to be the operator to beat when it comes to online gaming. The brand continues to earn massive revenues online and set and break their own records. For October, the brand brought in just over $9.6 million which is a new record for the brand as well as for the state based on single license holder earnings.
The Borgata continues to come in at 2nd place, and did so again this time with $4.4 million in earnings. They remain so far behind the Golden Nugget it seems like they will never get close to the top earning brand.
The Hard Rock Casino was able to surpass the $1 million mark, the first time to do so in four full months of operation. The brand just recently opened its doors in the summer with their land-based venue and didn’t waste much time offering online gaming options.
Even though poker did poorly in October, the Resorts Casino was a silver lining. The casino was able to see month to month gains in the industry, while the PokerStars NJ offering moved back ahead of the WSOP/888 operations. This was a first since May when interstate gaming began.
Overall, New Jersey is dominating the online gaming industry. With Pennsylvania set to start in the future, it will certainly be interesting to see if their neighbor will be able to give them a run for their money. Odds are New Jersey will stay on top for many months and possibly even years as other states try to play catchup!