The Golden Nugget Casino set a new high mark for 2020 with over $29.1 million in monthly online gross revenue, according to reports released by the New Jersey Division of Gaming Enforcement Tuesday. June’s number continues Golden Nugget’s streak of leading the NJ online casino field throughout the 2020 calendar year. Every month has found to be unpredictable for the online gambling industry in New Jersey upon the conclusion of October’s 2018 listed revenue record. It hardly took long until November 2018 reported an unprecedented record the state’s online casinos have peaked once again. New Jersey Online Gambling Revenue Every month the Division of Gaming Enforcement in New Jersey releases the previous month’s legal online gambling revenue for each company. There are a number of New Jersey casinos that operate multiple online brands, we list each site next to their parent company. Ever since the start of 2019, New Jersey’s online casino industry revenue has been skyrocketing with no signs of slowing down. The $30 million mark was breached back in January, with the revenue reports on following months even indicating proximity to yet another mark – $40 million.

Every month has found to be unpredictable for the online gambling industry in New Jersey upon the conclusion of October’s 2018 listed revenue record. It hardly took long until November 2018 reported an unprecedented record the state’s online casinos have peaked once again .

Numbers on the board listing for the month of November 2018 came courtesy of the NJ Division of Gaming Enforcement, resulting the month’s online gambling revenue by a long chalk at $27 million.

Coming on the heels of those figures are the NJ online sports betting’s affixing $14.4 million, who have surmounted ahead of time disposing of one month left to list in 2018, compared to the previous year’s revenue total of $245.6 million.

Recent affairs by New Jersey’s online gambling operators till date flirt with a $1 billion in lifetime revenue, which in all manner of ways is shortened by a minimum of $7 million from accomplishment based on its current total of $255 million.

NJ Online Casino Revenue Numbers

The top line numbers indicating the latest monthly revenue reports according to the NJ Division of Gaming Enforcement show as follows.

Revenue by vertical:

• November 2018 online casino revenue: $25,382,434
• November 2018 online poker revenue: $1,561,639
• November 2018 online sports betting revenue: $14,446,570

Revenue totals:

• November 2018 total online gambling revenue: $26,944,073
• November 2018 total online gambling revenue w/ sports: $41,390,643

Online Casino Key Takeaway

October’s breakthrough being a premiere to set an advancing tone for NJ online casino’s momentum, rubbed off a back-to-back streak for the following month, accumulating $25 million in revenue.

The fortune’s wheel of the online casino revenue insisted by growing by more than a third, marking an impressive run they’ve last thrived steadily since 2016. Extent which, you knew that because of the uprush from the casino’s stance, the NJ sports betting customers wouldn’t resist from cross-selling.

Online Poker Key Takeaway

November 2018 marked the poker online industry’s decline in its five-year history of serving after experiencing an all-time low month. It has always been word on the street.

Its revenue once peaked at $3.5 million, and now has slipped down just below $1.5 million in November. At this rate, the online poker’s $2 million downfall is as low as a scholar repeating one grade three times.

New Jersey Online Casino Revenue Refund

Online Sports Betting Key Takeaway

On the contrary, $330 million off books would suffice to deem a rebound of online sports betting during its favorable month which took place October, considering its revenues attempting to virtually double up.

Note: Based on its malleable-tendencies, online sports betting will be distinguished/characterized from being comprised on the analysis below.

Growth Trends

Below are variations by the year:

• Online poker: -13.7 percent
• Online casino: +35 percent
• Total revenue: +30.7 percent

Take notice of the chart below pertaining to monthly performances, when we speak of NJ online gaming industry possibly facing a slump by the year, the idea is still impervious. The chart is all inclusive of all other gambling avenues/streams, except the sports betting revenue.

Borgata Is Still Second-Best In NJ

• License holder: Borgata
• Brands and sub-brands: Borgata, PartyPoker, Pala, playMGM

Borgata certainly did not miss the boat during the month of November when their revenues registered a 12 percent increase year over year, as they steadily maintain stretching their arms out for a $5 million in monthly revenue. If only they could gravitate towards a launch stage.

Meanwhile, Golden Nugget casino have shown determination to make it a knack of accomplishing the $5 million milestone other properties scrape up for on the contrary.

Golden Nugget Is On Top Of The World

• License holder: Golden Nugget
• Brands and sub-brands: Golden Nugget, Betfair, SugarHouse

Golden Nugget also stayed afloat in the face of revenues fluctuating month-over-month, Tropicana also relating with their fair share as a relevant instance, of which the rest you may possibly fill in.

Considering they got the hang of their growing online casino revenue year over year, Golden Nugget are appeased with approximately 50 percent.

By accumulating more than $9 million of revenue substantiates their domination in the NJ online gambling market.

Tropicana Taking A Step Back

• License holder: Tropicana
• Brands and sub-brands: Tropicana, Virgin

Undeterred by their prominence in the market, the property’s appeal for the potentiality of online gambling has more so heightened beyond doubt of late. However, Tropicana have outdone their November efforts as results show.

Resorts Casino Takes A Steady Path

• License holder: Resorts AC
• Brands and sub-brands: Resorts, Mohegan Sun, PokerStars NJ

This month’s results for Resorts have been somewhat mediocre, considering an upward of only 1 percent year over year and within a little 2.5 percent month over month.

Caesars Continues To Move Forward

• License holder: Caesars
• Brands and sub-brands: 888, Caesars, Harrah’s, WSOP

As much as it appears as their benchmark, Caesars’ recent consecutive backslide into dash hopes of a $4 million between October and November is more than true to form take into account their capabilities nonetheless.

Hard Rock Gaining Market Share

• License holder: Hard Rock
• Brands and sub-brands: Hard Rock

Hard Rock has recorded remarkable numbers last month after a million dollars was accumulated, realizing that to be the fastest-accomplished result in the industry’s five-year history. Their November month listed about a 30 percent increase month over month.

Ocean Resort Still At The Bottom

• License holder: Ocean Resort Casino
• Brands and sub-brands: Ocean Resort

Coming in lagging behind Hard Rock by a margin listing $730k for the month is Ocean Resort. Fairly new in the city actualizing online revenue growth, and immersing itself in the activities but mildly showing aggressive progress.

Ever since the start of 2019, New Jersey’s online casino industry revenue has been skyrocketing with no signs of slowing down. The $30 million mark was breached back in January, with the revenue reports on following months even indicating proximity to yet another mark – $40 million.

Nevertheless, the March record revenue reported by the New Jersey Division of Gaming Enforcement soared all the way to $39,134,380, only to decrease slightly over the following month. Last Tuesday, the DGE revealed the numbers for April, going as high as $36,582,934.

News Highlights

• New Jersey Division of Gaming Enforcement reports a record revenue increase in 2019.
• Top results have so far been achieved in March, going quite near the $40 million mark.
• Atlantic City Casinos are flourishing, with an overall 52.4% increase from last year’s April revenue reports.

New Jersey Online Casino Growth Overview

A total of seven land-based casino establishments in the state each operate at least one online casino brand, with some combining multiple platforms. Others even practice cross-game services including sports betting. Regardless of this, only five have been present since last year’s April, and according to official reports, they still managed to reach a most impressive rise of 52.4% in revenue during the one year period.

The numbers show that they have made a total of $141,060,432 in profits over the first four months of the year, showing for even more potential until the end of 2019.

New Jersey Online Casino Revenue Codes

The following is a complete overview of New Jersey profits for separate license holders and their contribution to the annual rise:

How Do They Rank Individually?

Seeing the increase of profits as directly as through this table gives you a preview of the top contenders for this year’s greatest success story. There is no denying the impressive increase of 97.6% for the Resorts Casino, achieving the increase of slightly over $3 and a half million to over $7 million in a year’s time.

It’s safe to say that the DraftKings Casino website has contributed to the Resorts Digital online casino. This is mostly due to the popularity of the DraftKings Sportsbook, a significant player in the New Jersey online bookmaker’s scene, and valuable addition to the Resorts licensee.

Still, Golden Nugget undisputedly continues to hold the lead with an impressive increase of about $5 million, i.e. a 70.3% revenue increase. This has only been topped by last month’s revenue reporting $14,227,820 profits, both of which serve to set the casino licensee apart as the industry’s lead power.

The Borgata and Tropicana have also noted some rise in revenue, even though they are only slightly north of 20%. Caesars, however, has managed to achieve a 30.5% rise through its three brands:

• 888 Casino

What’s to Come for New Jersey’s Online Gambling Industry?

Despite recurring turbulences, the New Jersey online gambling market remains as stable and varied as ever, with a notably positive tendency in all its aspects. About 80% of the monthly handle is mainly attributed to income from mobile app and browser popularity. The market has been experiencing a continuous 11-month growth, and with the rise of 16.9% in April revenue compared to last year’s, it seems like online gambling in the state is going nowhere but up.