Record Online Gambling Revenue Streak Ends in New Jersey

Record Online Gambling Revenue Streak Ends in New Jersey March 14, 2019 March 14, 2019 Carolyn J Dawson
Posted on  Mar 14, 2019 | Updated on  Mar 14, 2019 by Carolyn J Dawson

new jersey pokerWith February’s online gambling figures being released for New Jersey, it would appear as though the state has failed to set any new record in terms of revenue. This comes despite the fact that online poker in the state posted the rare outcome of improving year-on-year.

In the figures that were released on Wednesday, licensed online gambling operators are shown to have managed to generate revenue of $31.75 million for the month of February. Now, this is an improvement over the figures released for February of 2018, although it’s almost a $2 million decline on January’s figures. Of course, the month is a shorter one than January, so this could have contributed towards the reported number.

Online casino licensees in New Jersey had quite the solid month though, it would seem. Revenue was up by 48.1%, resting at $29.94 million, although again, January’s figures outdid that amount percentage-wise, with a larger 58.5% increase.

As far as online poker is concerned in the state, a revenue of $1.8 million was reported, which is a very slight year-on-year improvement of 2.1%. Of course, it would seem as though this sector of gambling in New Jersey has been on somewhat of a general decline for quite some time now. So, it’s difficult to really get hyped up about such a small percentage gain, when it doesn’t really amount to that much for New Jersey.

Which Platforms Leapt Ahead?

As things stands, The Golden Nugget retained its place at the top of the revenue chart, recording a $10.7 million income. It’s quite pivotal to realise that this is down by $1.5 million from January’s figures, though. Plus, even though February was the launch month for Churchill Downs Inc’s BetAmerica site – a platform that utilises the same online permit as The Golden Nugget – it wasn’t enough to see the month outdo January.

Coming in as the runner up, Resorts Digital Gaming posted a revenue of $6.66 million, marking an improvement year-on-year of almost $3 million. As it happens, $564,000 of this amount came from players participating in online poker. The revenue boost could be due to a boost from the Draft Kings online casino, which only launched in December last year. Yet, in the short time period it has been in operation, it has expanded its range of products, allowing for greater results for Resorts Digital Gaming.

In third position came the Borgata selection of sites, providing $4.5 million of revenue to the overall figure. The three poker sites owned by Borgata provided about $459,000 of this total amount, while Caesars Interactive Entertainment wasn’t too far behind, posting a $4.3 million figure. Caesars poker revenue ($788,000) for February was up from the month prior too ($725,000).

The remainder of the New Jersey online gambling market is made up of casinos that don’t provide poker, with the Tropicana easily leading the way, posting figures of $3.45 million, and then the Hard Rock Atlantic City with $1.67 million.

Carolyn J Dawson is a professional freelance poker writer. She specialises writing content about poker/ bingo / blackjack/ etc. as well as breaking poker news. Carolyn has been freelancing for us over a number of years and writes high quality articles. Visit her google + page here