Break Out The Record Books: NJ Online Gambling Revenue Hits New Milestone

Updated on January 24, 2019

The New Jersey Division of Gaming Enforcement (DGE) announced that the state’s online casino revenue set another record in December 2018. Online gaming netted $29 million in the month, up nearly 40 percent from this period a year ago.

In the five-year history of NJ gambling websites, no month had ever exceeded $27 million. This is now the third-straight month that NJ online casinos have set the record for total revenue.

For the calendar year, the online casino market in NJ pulled in $298.7 million. That is almost a 22 percent increase from 2017.

Golden Nugget’s taking charge

These record-breaking statistics are due in large part to the success that Golden Nugget has sustained. The casino alone broke the $10 million mark in online gaming last month.

Despite posting quality numbers last year, the $10,178,563 in revenue in December 2018 is more than a 67 percent rise from 2017. This was by far the largest growth compared to every other casino.

It wasn’t just a lucky month, either. For the entire year, Golden Nugget took in more than $100 million in online gaming, up almost 53 percent.

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December growth in NJ online gaming

The majority of online casinos in NJ saw their revenue grow in December as well.

Resorts Atlantic City was up 36 percent from last year, totaling $4,353,648 in the final month of the calendar. This was the second-largest expansion behind the Golden Nugget.

Borgata, along with Caesars, also chipped in, seeing bumps of 17.3 and 16.8 percent, respectively. They each just beat out Resorts in spite of its massive growth, with Borgata earning just over $5 million and Caesars $4.4 million for the month.

Tropicana was the only casino to take a slight step back from a year ago. It saw a 5.4 percent decrease from December 2017. But it still brought in more than $3 million.

Hard Rock online casino and Ocean Resort Casino brought up the rear. Both online casinos just launched this summer so their numbers will be lower than their NJ neighbors. Hard Rock totaled $1.3 million in December. This is its seventh-straight month of increased revenue since opening.

Ocean Resort didn’t fare as well. It posted just $478,717 in December, down from more than $700,000 in November.

Online poker making a final push in 2018

Although online poker numbers were down almost 9 percent for the entire year, a solid December showing gives promise for 2019.

Poker revenue for the month was nearly $1.8 million, up more than $200,000 from November. This was the largest month-to-month increase for 2018.

Even though online poker isn’t producing as well as in the past, it is still very much a key contributor in the NJ online gambling market.

Let’s not forget NJ online sports betting

New Jersey sports betting also ended the year on a high note. The Garden State had its best month in terms of revenue in online sports wagers with $14,650,636.

This figure just edged out an impressive November, which topped $14 million as well. The DraftKings and FanDuel sportsbooks continue to dominate the market share, combining for more than $12 million in online revenue.

With NJ online casino revenue ending the year with another record, sports betting earns its place alongside the online juggernaut.

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