In NJ “Internet Gambling Is Difference Between A Good Month And A Bad One”

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With total revenue eclipsing $20 million, New Jersey’s June online gambling revenue numbers fall into the solid, if not spectacular category.

June wasn’t a record-setter, but it was the fourth-best month in the industry’s history. It is also the fourth consecutive month New Jersey online gaming generated over $20 million in revenue.

Furthermore, in what is becoming a common refrain in New Jersey, online gambling revenue was the difference between New Jersey’s casinos collectively posting a year-over-year increase vs. a year-over-year decrease.

As New Jersey Division of Gaming Enforcement Director David Rebuck noted to local press, “June’s report reflects continuing overall financial stability within the industry and increasing strength for internet gaming operations.”

Or, as AP reporter Wayne Parry put it on Twitter:

Top line online gambling numbers

With another $20 million month in the books, New Jersey is fast approaching $600 million in total online gaming revenue since the industry launched in November 2013.

Here are the top line numbers from the New Jersey Division of Gaming Enforcement’s latest monthly revenue reports:

  • Online casino revenue: $18,497,765
  • Online poker revenue: $1,735,634
  • Total online gaming revenue: $20,233,399
  • Year to date online gambling revenue: $121,414,292

Casino continues to offset poker’s slide

Declining poker revenue reached a troubling point in June, as online poker  had its worst month in industry history. Meanwhile, total gaming and casino revenue continue to grow by leaps and bounds.

  • Online poker: -11.86 percent
  • Online casino: +28.16 percent
  • Total revenue: +23.36 percent

As seen in the chart below, the New Jersey online gaming industry still has not had a year-over-year decline in any month.

Market share analysis: Golden Nugget and everyone else

When it comes to market share, the New Jersey online gambling market now consists of Golden Nugget and its $5.5 million monthly revenue and a trail pack consisting of the other four operators: Resorts, Caesars, Borgata, and Tropicana. All four of these casinos generated between $3,479,393 and $3,887,240.

Casino-by-casino analysis

Borgata slides back into the number two spot

After a down month in May, Borgata slid back into the number two spot in June. That being said, Borgata’s hold on the number two spot is tenuous. As noted above, the former industry leader is in a virtual four-way tie with Resorts, Tropicana, and Caesars.

Considering it was the only casino to post a month-over-month increase, our suspicions from last month that Borgata was a victim of a substantial jackpot in May seem to be accurate.

Golden Nugget: Five months of $5 million

With another $5 million month, and the other operators all under $4 million, Golden Nugget has officially separated itself from its competition in the New Jersey market.

YoY online casino revenue was up over 50 percent for Golden Nugget.

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Tropicana slides to the bottom of the pack

Tropicana gave up some ground in June as revenue dropped over 13 percent compared to its May numbers.

Still, Trop’s online gambling revenue was up almost four percent year-over-year, plus as mentioned already, the difference between second and fifth place in New Jersey isn’t much.

Resorts takes a hit as poker revenue falls

Resorts revenue fell back below the four-million mark in June. The decline was largely due to online poker, which suffered a major hit, down almost 30 percent MoM.

The reason? PokerStars ran the PokerStars NJSCOOP tournament series in May, which inflated its numbers.

On a positive note, Resorts online gaming revenue was up over 36 percent YoY.

Caesars holds steady in a down month

Caesars seems to have fallen into a groove in the $3.5 million to $3.6 million range over the past three months.

In June Caesars online gambling revenue was relatively flat month-over-month, and up close to 20 percent year-over-year.

Historical look at iGaming revenue in NJ

Be sure to check our New Jersey iGaming revenue page for a detailed breakdown of online gambling revenue in the Garden State.

Photo by Pedro Monteiro / Shutterstock.com

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Steve Ruddock

About

Steve covers nearly every angle of online poker in his job as a full-time freelance poker writer. His primary focus is the developing legal and legislative picture for regulated US online poker and gambling.

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