New Jersey Online Gambling Sets Another Record Revenue

The New Jersey online gaming market entered record territory – again. When 2018 is over, it may extremely nicely be known as the year NJ on-line gambling kept one-upping itself.

Not surprisingly, it’s the online casinos that carried web gaming to produce the record-setting revenue whilst online poker continues to head in the incorrect direction.

Based on the latest income report from the NJ Division of Gaming Enforcement, Atlantic City casinos brought in $26.9 million from its online activity in November 2018.

November’s figure represents an impressive 30.7 % improve more than November 2017. It is, however, only a modest acquire from October 2018, which brought in $ 26.7 million.

Particularly, the casinos brought in $25.4 million, great to get a 35 % increase year more than year.

Poker made up the distinction with income of $1.five million for the month. In comparison to November 2017, its income decreased by 13.7 percent.

Even though all operators posted gains this month, Golden Nugget continues to carry the business.

Actually, it keeps knocking on the door to attain $10 million. It has been north of $9 million in income 4 times this year. It did, nevertheless, take a slight step backward in November to $9.two million.

Whilst that figure is good for a huge 48.7 % increase year over year, it did slip slightly from its October income of $9.7 million.

Around the flip side is Resorts. It earned $3.six million for November, representing a meager 1.three percent year-over-year improve.

Whilst Golden Nugget had a slight reduce in month-over-month revenue, Resorts was in a position to show a modest acquire of 5.eight percent.

Difficult Rock Atlantic City and Ocean Resort Casino continue to grow. Within the five complete months of operation, each NJ on-line casinos have noticed a triple-digit percentage development from their first month to now.

For November, Difficult Rock posted $1.3 million in income, its second seven-figure month in a row. That figure represents a 33.6 percent improve more than October when normalized for the additional day.

Ocean On-line Casino might not be expanding as quick as Hard Rock on-line casino, however it posted an impressive 27.1 percent month-over-month increase with a November income figure of $731,887.

Borgata once again sits solidly in second place behind Golden Nugget. It looked like Caesars was attempting to make a run for Borgata’s position, however it took a few steps back throughout the last couple of months.

Borgata contributed $4.87 million towards the overall on-line gaming income picture. That’s a healthy 12.4 % increase more than last year’s number and 13.five percent more than last month’s.

Caesars following breaking into the $4-million club in September, brought in $3.9 million. It enhanced its November 2017 overall performance by 16.9 percent. At the same time, it only posted a slight gain of three.8 percent compared to final month.

In addition to Golden Nugget, Tropicana will be the only NJ online casino to post a decline in November revenue when compared to October.

This month, Tropicana earned $3.four million, a five.4 percent decline from October’s figure of $ three.7 million when normalized for the additional day. However, Tropicana did develop by 4 percent year more than year.

NJ on-line gambling isn’t the only marketplace posting stellar numbers.

The New Jersey gaming business keeps proving its strength with solid general income numbers.

In November, total gaming revenue was $257.four million, a 24.7 percent improve in the exact same period final year.

Total gaming income for NJ includes:

Land-based casinos ($209.two million, +12.six %)
On-line gambling ($26.9 million, +30.7 %)
Sports betting ($21.two million)

Year-to-date, the NJ gaming business brought in $2.645 billion.

That is a nearly eight % improve when comparing it to the $2.452 billion in the same period in 2017. And we are not even done with 2018 however.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top