New Jersey Sets Online Gambling Revenue Record in 2018

New Jersey’s regulated on-line gambling marketplace closed out 2018 by blowing past old revenue records for both the month of December and also the year as a entire.

Figures released Monday by the New Jersey Division of Gaming Enforcement (DGE) show the state’s licensed online gambling operators generated combined online casino and poker income of just over $29m in December 2018, a almost 40% increase from the exact same month last year.

December’s on-line total was also $2m higher than the market’s previous monthly very best, which was set last November. As always, December’s online gains had been driven by the casino vertical, which shot up almost 45% to $27.2m. The poker vertical rebounded somewhat from its record low performance the prior month, but its $1.76m was nonetheless down almost 9% year-on-year.

December’s outcome helped drive the 2018 on-line revenue total to $298.7m, up 21.6% from 2017’s total and an additional new record high for the state. The on-line casino vertical improved by greater than one-quarter to $277.3m in 2018, while poker fell 11.8% to $21.4m (representing just 7.1% from the overall figure).

The Golden Nugget’s family members of online casino-only websites were also in record-shattering mode, reporting revenue of just below $10.2m, handily beating the prior monthly very best of $9.67m in October 2018 and marking the first time any state-licensed online operator has crashed via the $10m ceiling. The Nugget’s 2018 income total hit a hefty $104.85m, a 52.6% improvement on 2017’s outcome.

The Borgata’s on-line websites brought in $5.05m in December, of which $441k came by way of poker. The Borgata sites’ annual total hit $54.3m, an 11.5% improvement more than 2017’s $48.7m.

Caesars Interactive Entertainment (CIE) brought in $4.44m, with $729k from poker. CIE’s annual haul hit $45.6m, roughly $2.6m greater year-on-year. Resorts Digital Gaming brought in $4.35m in December, $594k from poker, bringing its annual total to $45.3m, about $2.3m better than 2017.

The Tropicana led the remaining casino-only sites with $3.2m in December, a modest decline in the exact same month final year, while its annual outcome of $41m was roughly $1.6m below 2017’s quantity. The two 2018 newcomers had a mixed result, as Difficult Rock Atlantic City reported December revenue of $1.32m (flat from November) while Ocean Resort Casino claimed $479k (down from $732k).

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