The New Jersey Department of Gaming Enforcementreleased the May 2019 revenue numbers for the state's gambling industry earlier this week. They told a prevalent story, namely that some operators are flourishing, but others are struggling to even stay above water.
In April 2019, New Jersey gaming revenue was as follows: $207.6 million from land-based casinos; $36.6 million from online casino play; $21.2 million from sports betting; For April 2020, brick-and-mortar casino revenue will be zero. Online casino will be up, for sure. Sports betting will not be zero, thanks to all those. New Jersey online gambling flourishes Believe it or not, online gambling has been a mainstay in New Jersey for going on seven years. No month, however, has ever been as prosperous as March 2020. Online casinos and poker operators reported a jaw-dropping $64.8 million in revenue.
FanDuel flies high for New Jersey revenue
New Jersey online casino revenue. For online casino play, the only concern is to find out what Golden Nugget is doing. Golden Nugget continues to dominate the online casino market in New Jersey. At this point, the online arm of the Marina District casino makes nearly twice its nearest competitor in terms of hold. New Jersey went over $200 million in 2020 mobile sports betting revenue in September, while Pennsylvania topped $87 million. MichiganSharp.com projects that online casinos and sports betting could bring in $650 million in annual revenue for Michigan's commercial and tribal casinos.
New Jersey Online Casino Revenue Codes
Concerning sportsbooks in New Jersey, there is one clear winner. The FanDuel Sportsbook at Meadowlands led both online and retail sports betting by a wide margin.
In fact, FanDuel's haul of nearly $7.9 million for the month accounted for roughly half the total revenue on sports betting, retail and online combined. Its roughly $800,000 in revenue for retail eclipsed its nearest competitor by more than a quarter of a million dollars.
FanDuel (and Meadowlands) unmistakably benefits from its location in the extreme northern portion of New Jersey. The track is a short drive across the bridge from New York City and, no doubt, it derives much of its customer base from the Big Apple.
One thing to watch is how New Yorkers respond to the newly active sports betting in their state. About a week ago, lawmakers completed their rules for wagering on sports at the state's four commercial casinos.
For right now, FanDuel should remain on top, since New York‘s rules do not provide for online play. However, it is not hard to forecast that the book has a test of customer loyalty looming in its future.
Other key New Jersey sports betting revenue notes
The other company that tasted notable success last month was FanDuel's rival, DraftKings (and its partner, Resorts AC). The former market leader still managed to hold $4.1 million in online sport betting revenues during the month.
Unfortunately, part of that performance will have to compensate for a net loss on the retail side of the business.
Worse, the retail portion of Resorts' sports betting operation was not the only facility to experience losses for the month.
Ocean Resort Casino also finished in the red, with losses exceeding $21,000.
Thankfully, Ocean Resort's online business had a very respectable May. So, overall, the casino's sportsbook is still making cash for the property.
Still, one clear outcome is that online sports betting continues to expand its grip on the market. In New Jersey, 82.6% of the total dollars wagered on sports are wagered online.
New Jersey online casino revenue
For online casino play, the only concern is to find out what Golden Nuggetis doing. Golden Nugget continues to dominate the online casino market in New Jersey.
At this point, the online arm of the Marina District casino makes nearly twice its nearest competitor in terms of hold. Golden Nugget eased over the $14 million mark this month.
It's not even a matter of competition with other online sites, really. Golden Nugget is nearly running evenly with some of the land-based casinos, and one of those casinos is the Golden Nugget itself.
Every month has found to be unpredictable for the online gambling industry in New Jersey upon the conclusion of October's 2018 listed revenue record. It hardly took long until November 2018 reported an unprecedented record the state's online casinos have peaked once again .
Numbers on the board listing for the month of November 2018 came courtesy of the NJ Division of Gaming Enforcement, resulting the month's online gambling revenue by a long chalk at $27 million.
Coming on the heels of those figures are the NJ online sports betting's affixing $14.4 million, who have surmounted ahead of time disposing of one month left to list in 2018, compared to the previous year's revenue total of $245.6 million.
Recent affairs by New Jersey's online gambling operators till date flirt with a $1 billion in lifetime revenue, which in all manner of ways is shortened by a minimum of $7 million from accomplishment based on its current total of $255 million.
New Jersey Online Casino Sites
NJ Online Casino Revenue Numbers
The top line numbers indicating the latest monthly revenue reports according to the NJ Division of Gaming Enforcement show as follows.
Revenue by vertical:
- November 2018 online casino revenue: $25,382,434
- November 2018 online poker revenue: $1,561,639
- November 2018 online sports betting revenue: $14,446,570
Revenue totals:
- November 2018 total online gambling revenue: $26,944,073
- November 2018 total online gambling revenue w/ sports: $41,390,643
Online Casino Key Takeaway
October's breakthrough being a premiere to set an advancing tone for NJ online casino's momentum, rubbed off a back-to-back streak for the following month, accumulating $25 million in revenue.
The fortune's wheel of the online casino revenue insisted by growing by more than a third, marking an impressive run they've last thrived steadily since 2016. Extent which, you knew that because of the uprush from the casino's stance, the NJ sports betting customers wouldn't resist from cross-selling.
Online Poker Key Takeaway
Other key New Jersey sports betting revenue notes
The other company that tasted notable success last month was FanDuel's rival, DraftKings (and its partner, Resorts AC). The former market leader still managed to hold $4.1 million in online sport betting revenues during the month.
Unfortunately, part of that performance will have to compensate for a net loss on the retail side of the business.
Worse, the retail portion of Resorts' sports betting operation was not the only facility to experience losses for the month.
Ocean Resort Casino also finished in the red, with losses exceeding $21,000.
Thankfully, Ocean Resort's online business had a very respectable May. So, overall, the casino's sportsbook is still making cash for the property.
Still, one clear outcome is that online sports betting continues to expand its grip on the market. In New Jersey, 82.6% of the total dollars wagered on sports are wagered online.
New Jersey online casino revenue
For online casino play, the only concern is to find out what Golden Nuggetis doing. Golden Nugget continues to dominate the online casino market in New Jersey.
At this point, the online arm of the Marina District casino makes nearly twice its nearest competitor in terms of hold. Golden Nugget eased over the $14 million mark this month.
It's not even a matter of competition with other online sites, really. Golden Nugget is nearly running evenly with some of the land-based casinos, and one of those casinos is the Golden Nugget itself.
Every month has found to be unpredictable for the online gambling industry in New Jersey upon the conclusion of October's 2018 listed revenue record. It hardly took long until November 2018 reported an unprecedented record the state's online casinos have peaked once again .
Numbers on the board listing for the month of November 2018 came courtesy of the NJ Division of Gaming Enforcement, resulting the month's online gambling revenue by a long chalk at $27 million.
Coming on the heels of those figures are the NJ online sports betting's affixing $14.4 million, who have surmounted ahead of time disposing of one month left to list in 2018, compared to the previous year's revenue total of $245.6 million.
Recent affairs by New Jersey's online gambling operators till date flirt with a $1 billion in lifetime revenue, which in all manner of ways is shortened by a minimum of $7 million from accomplishment based on its current total of $255 million.
New Jersey Online Casino Sites
NJ Online Casino Revenue Numbers
The top line numbers indicating the latest monthly revenue reports according to the NJ Division of Gaming Enforcement show as follows.
Revenue by vertical:
- November 2018 online casino revenue: $25,382,434
- November 2018 online poker revenue: $1,561,639
- November 2018 online sports betting revenue: $14,446,570
Revenue totals:
- November 2018 total online gambling revenue: $26,944,073
- November 2018 total online gambling revenue w/ sports: $41,390,643
Online Casino Key Takeaway
October's breakthrough being a premiere to set an advancing tone for NJ online casino's momentum, rubbed off a back-to-back streak for the following month, accumulating $25 million in revenue.
The fortune's wheel of the online casino revenue insisted by growing by more than a third, marking an impressive run they've last thrived steadily since 2016. Extent which, you knew that because of the uprush from the casino's stance, the NJ sports betting customers wouldn't resist from cross-selling.
Online Poker Key Takeaway
November 2018 marked the poker online industry's decline in its five-year history of serving after experiencing an all-time low month. It has always been word on the street.
Its revenue once peaked at $3.5 million, and now has slipped down just below $1.5 million in November. At this rate, the online poker's $2 million downfall is as low as a scholar repeating one grade three times.
Online Sports Betting Key Takeaway
On the contrary, $330 million off books would suffice to deem a rebound of online sports betting during its favorable month which took place October, considering its revenues attempting to virtually double up.
Note: Based on its malleable-tendencies, online sports betting will be distinguished/characterized from being comprised on the analysis below.
Growth Trends
Below are variations by the year:
- Online poker: -13.7 percent
- Online casino: +35 percent
- Total revenue: +30.7 percent
Take notice of the chart below pertaining to monthly performances, when we speak of NJ online gaming industry possibly facing a slump by the year, the idea is still impervious. The chart is all inclusive of all other gambling avenues/streams, except the sports betting revenue. Cassava online casino.
Borgata Is Still Second-Best In NJ
- License holder: Borgata
- Brands and sub-brands: Borgata, PartyPoker, Pala, playMGM
Borgata certainly did not miss the boat during the month of November when their revenues registered a 12 percent increase year over year, as they steadily maintain stretching their arms out for a $5 million in monthly revenue. If only they could gravitate towards a launch stage.
Meanwhile, Golden Nugget casino have shown determination to make it a knack of accomplishing the $5 million milestone other properties scrape up for on the contrary.
Golden Nugget Is On Top Of The World
New Jersey Online Casino Revenues
- License holder: Golden Nugget
- Brands and sub-brands: Golden Nugget, Betfair, SugarHouse
Golden Nugget also stayed afloat in the face of revenues fluctuating month-over-month, Tropicana also relating with their fair share as a relevant instance, of which the rest you may possibly fill in.
Considering they got the hang of their growing online casino revenue year over year, Golden Nugget are appeased with approximately 50 percent.
By accumulating more than $9 million of revenue substantiates their domination in the NJ online gambling market.
Tropicana Taking A Step Back
- License holder: Tropicana
- Brands and sub-brands: Tropicana, Virgin
New Jersey Online Casino Revenue Refund
Undeterred by their prominence in the market, the property's appeal for the potentiality of online gambling has more so heightened beyond doubt of late. However, Tropicana have outdone their November efforts as results show.
Resorts Casino Takes A Steady Path
New Jersey Online Casino List
- License holder: Resorts AC
- Brands and sub-brands: Resorts, Mohegan Sun, PokerStars NJ
This month's results for Resorts have been somewhat mediocre, considering an upward of only 1 percent year over year and within a little 2.5 percent month over month.
Caesars Continues To Move Forward
- License holder: Caesars
- Brands and sub-brands: 888, Caesars, Harrah's, WSOP
As much as it appears as their benchmark, Caesars' recent consecutive backslide into dash hopes of a $4 million between October and November is more than true to form take into account their capabilities nonetheless.
Hard Rock Gaining Market Share
- License holder: Hard Rock
- Brands and sub-brands: Hard Rock
Hard Rock has recorded remarkable numbers last month after a million dollars was accumulated, realizing that to be the fastest-accomplished result in the industry's five-year history. Their November month listed about a 30 percent increase month over month.
Ocean Resort Still At The Bottom
New Jersey Online Casino Revenue Online
- License holder: Ocean Resort Casino
- Brands and sub-brands: Ocean Resort
Coming in lagging behind Hard Rock by a margin listing $730k for the month is Ocean Resort. Fairly new in the city actualizing online revenue growth, and immersing itself in the activities but mildly showing aggressive progress.
