Online Gambling Hits Another Record Month in New Jersey

It was the biggest month in the history of online gambling in New Jersey. And that is regardless of the truth that there are only 28 days in February.

Online casinos and poker in the state fell just a couple of thousand dollars short of the $22 million mark in total income. That’s up slightly from January, a month with three more days.

The top-line numbers continue to become impressive:

For 12 months straight, combined on-line casino and poker revenue has topped $20 million in NJ.
It’s the fifth time revenue has gone previous $21 million. It’s also the first time it is happened in consecutive months.
The business generated a record $785,433 each day; the old higher of $708,463 came last month.
Lifetime on-line gambling income within the state is on pace to hit $1 billion by the end from the year.

Other January 2018 highlights

Golden Nugget looks down at everyone. As soon as upon a time – like a couple of months ago – $6 million in revenue was fairly impressive for an NJ operator. Now, Golden Nugget is knocking on the door of $8 million in month-to-month income.
And after that there’s everybody else. The other 4 licensees had been all in between $3 million and $4 million in income. Borgata, which had been a clear No. two for some time, fell back towards the pack and was in danger of being overtaken by Resorts.
Yikes, poker. Poker income was down nearly 25 percent from final February. When normalizing for the additional days in the prior month, income was at least just about flat, which is concerning the only great news for the vertical.

Leading line numbers

Income / month-over-month alter (normalized for three extra days in January) / year-over-year change

Overall: $22 million / +10.8% / +16.9%
Casino: $20.two million / +11.9% / +22.7%
Poker: $1.8 million / +0.6%/ -24.2%

Poker clocked in at just $1.8 million in revenue. The upward trend for casino is certainly not becoming copied by the state’s poker operators. Income was $1.9 million in January, so in essence poker was flat month-over-month when you take into account the additional days. The truth that casino is going up and up and poker is not tagging along for the ride is a regarding trend.

There had been no such concerns for casino, with new records becoming the norm. Casino by itself hit $20 million for the second straight month. Year-over-year development, which had a chance of slowing, was still over 20 percent. That is not fairly the 30 and 40 percent YoY growth we saw at times in 2017, but it is nonetheless impressive for an business that is now five years old.

General, the $22 million mark seems to become a offered in March offered the powerful numbers in February. The last time general revenue saw double-digit percentage MoM growth came final February.
Winners and losers

In alphabetical order, by license holder:

Borgata (Borgata, PartyPoker, Pala, MGM): Borgata had a streak of six months of revenue in excess of $4 million before February. Numbers were really up slightly from January when accounting for the additional days. But still, Borgata’s days of thinking it could lead the NJ online casino marketplace are more than, at least for the short term.
Caesars (888, Caesars, Harrah’s, WSOP): The poker product was a achievement story, up $40,000 from January even with fewer days. It was one of the couple of NJ segments that was up in real-dollar terms MoM. The casino product ($3.two million) brought up the rear in NJ but the numbers had been encouraging vs. last month, even when revenue was down 20 percent from final year.
Golden Nugget (Golden Nugget, Betfair, SugarHouse): So, it’s secure to say Golden Nugget is performing fairly nicely. January = $7.three million. February (much less days) = $7.9 million. That’s nothing brief of extraordinary. It’s 53 % growth YoY and 20 % development from January when accounting for the additional days. Great luck to anybody hoping to catch up.
Resorts AC (Resorts, Mohegan Sun, PokerStars NJ): Like it did last month, Resorts had the best month this side of GN. YoY growth came in at 42 %. At just below $3.8 million, the Resorts sites are close to overtaking Borgata’s network. Meanwhile, PokerStars was down six percent MoM (normalized) and 22 % YoY.
Tropicana (Tropicana, Virgin): The Trop got out of the basement following taking a turn in last location for all operators final month. Income was up just three % YoY but climbed 13 percent MoM when normalizing for days.

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