NJ Gambling Revenue Projected to Reach US$500million
NJ gambling revenue has been on a rise since online gambling was legalised in the state. If ever there was the perfect marketing of the pros of legalizing New Jersey is it. Month on month the gambling revenues from the local; operators have been reaching record highs and surpassing those highs. New figures have been released by the state regulator New Jersey Division of Gaming Enforcement. They show marked progressions and the top performers amongst the gambling casino operators. To be noted is that online revenues have surpassed brick and mortar casinos! We have a brief overview of the figures below.
NJ Gambling Revenue Top Performers
According to recent figures from the New Jersey Division of Gaming Enforcement, October 2019 so a US$45.2 million over 60% more than collected revenue in the same month last year. October’s revenue is also US$4.1 million more than the record set in the months preceding it. Of the $45.2 million a large bulk – $43.75 million is from online casino games excluding poker. Poker rooms raked in only $1.64milliom which is 1% drop.
Gold Nugget’s online casino is leading the pack with its $16.62 million month revenue. Which is almost $2 million more than what Golden Nugget’s physical casino made in the month.
DraftKings and Foxbet’s subsidiary brand Resorts Digital Gaming follows with just over 10 million which almost 200% of their revenue made this time last year.
Borgata and Caesar’s Interactive Entertainment had a 77 % and only 9% year on year improvement respectively. Although Caesar’s had a lacklustre improvement in comparison to the other casinos, it had one of the highest poker revenues. Caesar’s Interactive only brought in just over 4 million in revenue ($4.26 million) but almost $700,000 of that was a direct result of its poker gaming.
The other sites which only offer casino gaming no other forms of betting also performed well. Bet365 and Unibet which are both under Hard Rock had 78% improvement combined. We expect that this upward trend is here to stay. Follow more of our daily casino news stories in our blogs.
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