Online Gambling Continues to Do Well in NJ

NJ

NJOnline gambling revenue totals for May are in for the state of New Jersey, with the state eclipsing the $24m mark.

The state of New Jersey is one of only three in operation currently in the United States that offers online gambling options. Players located in the state have access to online casino games and poker games. Delaware and Nevada offer casino and/or poker gaming as well, with Pennsylvania set to get started sometime this year. For the month of May, the state was able to generate $24.3 million in total earnings from online casino and poker game play. This is the second largest figure this year, coming up just short of the $25.6 million earned in March.

Highlights from the Month

The month of May was the second-best revenue earnings in the online gaming industry for the state in the history of operations. The state has seen figures over the $23 million mark for the past three months running and this is quite a feat considering the state has only generated around $22 million in previous months.

For the past fifteen consecutive months, the online casino and poker revenues have managed to reach over the $20 million mark. Since launching in 2013, the state is close to hitting $1 billion in total earnings by the end of 2018.

The Golden Nugget remains the top producer of online gaming earnings, seeing over $8 million in revenues for the third month running. The Borgata and Caesars both earned over $4 million, which is good for them. No operator seems to have the customer following like the Golden Nugget, who continues to be millions ahead of their competitors.

In total, the state brought in $24.3 million across online casino and poker gaming. This was an increase of 2.2% when compared to April and just over 15% higher than what was earned in May 2017. Online casino gaming brought in the majority with $22.3 million in earnings, a 1.9% month over month comparison and 18% YOY. Online poker only contributed slightly with $1.9 million, a 6% increase from the previous month and a negative 9% from last year.

By Operator

When looking at the figures by operator, the Borgata had a nice month when comparing year over year totals, but not so much when it comes to month to month. They earned $4.6 million for may which is a whopping 31% more than what was earned in May of last year. Caesars was successful with their poker game, with the help of interstate poker pooling. In April, the brand brought in only $450,000. Last month, online poker gaming was responsible for $770,000, a nice increase for the brand in just one month’s time.

The Golden Nugget, who always does well, earned over $8 million with a 45% increase when compared to May of last year. Their live dealer games along with massive collection of casino games helps to keep players busy and coming back for more.

Looking at Resorts AC, this operator came in last place when it came to May revenue earnings. The brand continues to lag behind when compared to the other operators. The Tropicana earned quite a bit less this May, with only $3.4 million in earnings. This is far less than the $4 million earned for the same month last year.

The state continues to do well with their online gambling industry, despite a few operators seeing a downturn in profits. In the coming months, we may see Ocean Resort Casino and Hard Rock Atlantic City in the mix, which should only help to push profits even higher for the gaming industry in the state.