Record Online Casino Revenues Don’t Stop in July for New Jersey
Evidently, there is no stopping New Jersey when it comes to online gaming success. Online casino operators continue to set records in the state, with July being no exception. The month saw online casino gaming revenues totaling $39.3 million which is a brand-new record for the state. Add in the $13.9 million generated from online sports betting and you have more than $50 million earned for the month.
The New Jersey Division of Gaming Enforcement released the revenue numbers this week, showing that online gambling in the state is continuing to grow. Total iGaming revenues came in at exactly $39,315,731. This was an all-time record, beating the last monthly high which was set in March.
Online casino gaming made up the majority of the revenues, coming in at $37,428,813. Every month this year, the combined revenues from casino and poker gaming have helped the state surpass the $30 million mark. When looking at July 2018, the state saw an increase of around 51% in revenues.
Online poker generated $1.9 million which was an increase on a monthly and year-on-year level. Online poker has yet to take off like online casino gaming in the Garden State but it is good to see that the industry has seen an uptick in both monthly and yearly comparisons.
As always, the top operator was the Golden Nugget. in July, the operator earned $14.9 million which marks the 32nd time in a row that the state has held the number one position. Rivals are not even close as the second place Resorts Casino earned $6.9 million and the Borgata settled for 3rd place with $6.4 million in earnings.
Other operators had good revenues for July, including Caesars. The company saw their second-best month to date in July, earning just over $5 million in online casino and poker gaming combined. Tropicana continues to hold steady in their position at the middle of the pack, earning $3.8 million for the month.
On the down side, Ocean Casino Resort and Hard Rock saw lower earnings. Hard Rock had a super successful June, setting a new monthly record, only to back track in July, bringing in just over $1.9 million. For Ocean Casino, they earned only $382,483, mere pennies when compared to the major earnings by operators such as the Golden Nugget and Resorts.
Along with online casino and poker gaming, the state is also home to a successful sports betting industry. Players are using their mobiles now more than ever to place online sports bets and the numbers show just how popular the industry is.
For July, the state brought in $17.9 million in sports betting, with online and land-based combined. Of that number, $13.9 million was generated from online wagers. Over $250 million was bet in July, a new overall wagering record in the US.
Combining the online sports betting totals with casino and poker gaming, pushes New Jersey into the stratosphere when it comes to online gambling revenues. The state continues to outperform Delaware and Nevada, with Pennsylvania now slowly getting into the mix. New Jersey has done so well that other states are patterning their online gambling legislation and regulations to that of the Garden State in the hopes of being as successful.
With only a few months left in 2019, we will be anxious to see how the year plays out for the state. Will they continue set new records and reach new heights in the online gambling industry?