New casinos and NJ sports betting are gobbling up the headlines, however the genuine story is the continued development of the state’s online gambling industry.
On the on-line gambling front, July 2018 was the industry’s very best month to date. Total NJ online casino revenue was up more than 25 % year-over-year, falling just shy of $26 million.
Remarkably, the record was set regardless of online poker income falling nearly 8 percent.
Listed here are the leading line numbers in the New Jersey Division of Gaming Enforcement’s latest month-to-month income reports:
July 2018 on-line casino income: $24,048,964
July 2018 on-line poker revenue: $1,848,553
July 2018 total online gaming income: $25,897,517
Year to date on-line gambling revenue: $165,437,668
Online poker’s woes continued in July. The vertical continues to struggle in New Jersey, despite the interstate agreement that linked New Jersey, Delaware, and Nevada. The interstate pooling has had no discernible influence, as on-line poker continues to become an issue without a answer for NJ operators.
Online casino continues to carry the industry, as it extended its multi-year streak of double-digit growth in July.
Online poker: -7.95 %
On-line casino: +29.45 %
Total income: +25.80 %
New Jersey’s gaming business has undergone some significant changes in the previous couple of months. July marked the first complete month since the openings of Hard Rock Atlantic City and Ocean Resort Casino, as well as the initial full month of sports betting income.
With the assist of online gambling, as well as the income from NJ sports betting (nearly $4 million in July), the state’s gaming industry posted its initial $300 million July since 2010.
Get prepared for online sports betting income
There’s a good chance subsequent month could be an additional record-setter for online gambling, thanks to on-line sports betting.
DraftKings launched an online sportsbook in early August (through its partner Resorts) and that should add some significant revenue to next month’s on-line gaming totals.