The $20 million era is officially here for New Jersey gambling websites.
The New Jersey Department of Gaming Enforcement reported that the state’s online casinos earned more than $20 million in revenue in each of the past two months. This makes April and March the most profitable months in the industry’s history.
A closer look at the April numbers
Before getting into the specific casino earnings, let’s point out that not only have Atlantic City’s online casinos raked in record revenue the last two months, but the city’s online gambling industry experienced tremendous growth over 2016.
NJ online casino revenue numbers
Golden Nugget, Tropicana and Borgata led the way in April’s revenue numbers:
- Golden Nugget: $5.4 million
- Trop: $3.9 million
- Borgata: $3.6 million
- Resorts: $2.9 million
- Caesars: $2.9 million
Tropicana celebrated a bump of five percent in online casino revenue, while Borgata’s growth from March hovered around one percent.
Resorts saw a drop in casino revenue, experiencing a 6.37 percent decrease.
Meanwhile, Caesars led the way in March-to-April growth with a 23.5 percent increase in casino revenue — $2.4 million to $2.9 million.[i15-table tableid=4306]
NJ online poker revenue numbers
While casino revenue looked very strong for the second month in a row, online poker revenue continued to stagnate.
Here’s a quick breakdown of each casino’s revenue for April and their change percentage over April 2016.
- Resorts: $793,638 | -9.77 percent
- Borgata: $597,571 | -5.10 percent
- Caesars: $577,168 | -13.94 percent
While the poker numbers for this year are looking pretty abysmal, they’re nothing compared to the drop-off these three casinos experienced since April 2016:
- Resorts: -32.62 percent
- Borgata: -19.88 percent
- Caesars -13.10 percent
Don’t expect poker numbers to get better anytime soon, but that doesn’t seem to be an issue considering the hot streak online casinos are riding.