New Jersey’s regulated on-line gambling market had its second highest revenue month in April, regardless of online poker’s perpetual inability to develop.
Figures released Monday by the New Jersey Division of Gaming Enforcement (DGE) show the state’s licensed online gambling operators generated combined income of $23m in April, a 10.6% improvement over the same month final year but below the record $25.6m set in March 2018.
In what has become a familiar refrain, the online casino vertical did all the heavy lifting, with revenue rising 12.7% year-on-year to $21.25m, while the on-line poker vertical continued its one-way ticket to Palookaville by falling ten.5% to $1.76m.
The Golden Nugget’s family of online casino websites – GoldenNuggetCasino.com, BetfairCasino.com and PlaySugarHouse.com – saw its revenue slip slightly from March’s record $8.65m however the $8.13m earned in April was nonetheless sufficient to claim top honors for the month.
The Borgata family members of sites ranked second with just under $4.6m, of which $514k came from on-line poker. The Borgata’s on-line casino websites soft-launched their new live dealer casino games towards the end of the month, joining the Nugget, which became the very first New Jersey operator to launch a reside casino offering way back in August 2016.
Resorts Digital Gaming, whose operations include PokerStarsNJ.com and MoheganSunCasino.com, placed third with just more than $3.6m, of which nearly $800k came via poker.
Caesars Interactive Entertainment New Jersey ranked fourth with $3.5m, to which poker contributed a mere $449k. The Tropicana’s casino-only website brought up the income rear with $3.17m in April.
The April numbers will likely get lost within the day’s far more eventful improvement, namely, New Jersey’s sports betting victory at the US Supreme Court. It seems a no-brainer to envision that the state’s licensed online operators will probably be chomping at the bit to add sports wagering to their list of gambling goods but they’ll need to wait for the DGE and state legislators to give them the all-clear.