New Jersey Gaming News: NJ Online Casino Revenue Soars, Sports Begin To Return

Posted on May 14, 2020

Today, May 14, officially marks the second anniversary of the overturning of PASPA.

It seems surreal that we are celebrating the legalization of sports betting without sports. That is beginning to change, however, with the return of NASCAR and the UFC.

The real news, however, is the release of April’s gambling revenue. New Jersey online casino revenue soars while NJ sports betting revenue continues to tumble.

The most startling figure comes from the lack of numbers in the Atlantic City casino win column.

Here is a look at the latest NJ online gambling news for this week.

NJ online casino revenue nearly $80 million

New Jersey online casinos earned $79.9 million for April. That figure undoubtedly exceeded expectations and represents a 23.5% increase from March, and 118.5% increase over the same period last year.

Of course, the closure of Atlantic City casinos is a significant contributor to the enormous revenue number, and seeing zero dollars in the casino win column was quite startling.

Even so, April’s report from the Division of Gaming Enforcement (DGE) was riddled with good news for online gambling in New Jersey:

  • Each NJ online casino posted record revenue.
  • Golden Nugget continues to lead all online casinos in revenue with $27.6 million. It did, however, lose some market share.
  • Borgata increased its market share by the largest percentage (19.8%), with $15.9 million in revenue.
  • NJ online poker continues to thrive with $5.1 million in revenue, its second record month in a row.

Here are the April 2020 revenue figures for NJ online casinos:

OperatorPoker RevenueCasino RevenueTotal Gaming Win
Borgata / Party / BetMGM$1,220,076$14,648,385$15,868,461
Caesars / Harrah's / 888$1,862,004$6,865,768$8,727,772
Golden Nugget / Betfair / BetAmerica / SugarHouse$-$27,642,909$27,642,909
Hard Rock / Unibet / Bet365$- $4,483,830$4,483,830
Ocean Casino / Parx Casino$- $1,131,108$1,131,108
Resorts AC / DraftKings / PokerStars$2,066,293$14,052,743$16,119,036
Tropicana / Virgin$- $5,986,710$5,986,710
Totals$5,148,373$74,811,453$79,959,826
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Sports betting in NJ staying afloat

Along with NJ online casino revenue, the DGE also released the revenue for NJ online sports betting. Obviously, with major sports still in hibernation, handle and revenue took a tumble.

The figures are startling in contrast to last year, and even just a few months ago. NJ sportsbook apps posted a somewhat respectable $2.6 million in revenue considering the landscape.

Here are the April 2020 NJ sports betting revenue numbers:

  • Handle: $54,593,092
  • Revenue: $2,634,050
  • Loss of revenue: (87.6%)

Finding new betting markets has been a challenge, but the NJ sports betting crowd has been able to wager on table tennis and Korean baseball.

The top-performing sportsbook apps in NJ are:

  • Meadowlands (FanDuel, PointsBet) $1,629,212
  • Resorts (DraftKings, Fox Bet, Resorts Online) $604,359
  • Monmouth (William Hill, SugarHouse, theScore Bet) $182,098
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AC casinos reopening plans

Gov. Phil Murphy recently announced the Jersey Shore could be open by Memorial Day. Unfortunately, there was no reference to Atlantic City casinos.

The casinos aren’t waiting for an official date or required regulations to put some of their plans in place.

Last week, Ocean Casino shared its reopening plans. This week, Caesars Entertainment released a reopening plan for its AC casinos that includes:

  • Caesars
  • Harrah’s
  • Bally’s

Visiting a post-pandemic Atlantic City casino will likely be a different experience.

There will likely be a limit on the number of people allowed inside, and social distancing measures will be in effect. That might mean limiting the number of table games and slot machines.

The requirement of masks seems to be a hot topic these days. Remember, wearing masks protects others, so customers should expect to wear them and expect others to wear them.

In the end, AC casinos will do everything necessary to keep customers and casino workers safe. Keep that in mind, if things on the casino gaming floor look a bit different.

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On the board at NJ sportsbooks

The UFC returned this past weekend. The normally raucous crowds were told to stay at home, though. It looks like NASCAR is following suit with a series of races near Charlottesville, also without fans.

The Philadelphia Eagles released its 2020 NFL season schedule, and there are plenty of ways to bet on it.

The NFL is currently considering a host of contingency plans for the upcoming season. Regardless of whether those plans include fans or not, hungry bettors are undoubtedly ready to begin NFL betting in earnest.

In case the return of sports isn’t reason enough to celebrate, the anniversary of the fall of PASPA (Professional and Amateur Sports Protection Act) certainly is.

For the second year in a row, DraftKings is offering a #FreeToBetDay promotion to mark the milestone.

DraftKings is also giving away some swag.

Click here to take part in DraftKings’ #FreeToBetDay promotion.

Kim Yuhl Avatar
Written by
Kim Yuhl

Kim Yuhl has been covering the US online gambling market since 2013. Her work is featured on various sites and covers sports betting, online casino gambling, and online poker. Kim is a full-time traveler and vlogger and is currently slow traveling to 60 countries. You can follow her travels at kimandway.com and on YouTube at kimandway.

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