NJ records 5th straight month of $80million+ in Revenue

In September 2020, the ongoing global pandemic has seen players continuing to flock to online casinos in New Jersey, however, the increase in online casino numbers is coming at the expense of a decline in online poker since July.

Online casino games have undergone their almost expected monthly increase in the Garden State as has become the pattern over the last 2 or 3 years. However, the disappointing online poker numbers dragged the overall online gaming sector down compared to the previous month of August. Those numbers remain high if analyzing the year-on-year results.

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However, looking at the longer game, September 2020 saw New Jersey’s online gaming revenue amazingly bust through the $80 million barrier again for the 5th straight month.

As the Pandemic Deepens, NJ Online Casino Numbers Impress

Of course, when considering the increased activity of online gambling when contrasted with bricks-and-mortar gambling, it is required to factor in the impacts of the pandemic. Atlantic City’s nine casinos shut their doors in mid-March and did not reopen until early July. After the reopening of land-based casinos, dining and entertainment options were curtailed, and bars and interior restaurants only reopened in September.

Restrictions on casino capacities have also led to increased online gaming revenue numbers, not to mention the brunt of the reluctance of players to occupy indoor spaces regardless of the strict health and safety protocols taken by land-based casinos.

As has become the new normal since the casino closures first hit in March 2020, online casino games in New Jersey – including slots, and table games like blackjack, roulette, craps and baccarat – have continued their growth spiral. While the increases were much steeper in March through June, the growth pathway remained upward. The revenue increase for this part of the online casino sector was only a mild 2.5%.

Taking a closer look at the numbers, September indicated a less significant month-on-month increase than in previous months.

  • Revenue – September 2020 online casino games: $85,079,481
  • Revenue – August 2020 online casino games: $84,737,965
    Month-on-month Result: 0.4% increase

 

  • Revenue – September 2019 online casino games: $39,499,341
    Year-on-year Growth: 115.4% increase

 

  • Revenue – Online Poker Sites: $2,554,216
  • Down 16% from August’s $3.035 million

On the upside, as September was a 30-day month compared to August’s 31 days, calculated on a daily basis overall online gaming recorded more than $2.9 million each day to set a new daily revenue record.

Taken together as a total (with all wagering types) and the importance of online wagering in all its forms is clearly understood, amounting to more than 40% of the $323 million revenue from sites, casinos and racetracks. Without online gaming, those figures would be nothing like they are.

Examining the source and trends of some of the New Jersey major revenue raisers in the $323.8 million September figures;

Land-based slots: $144.01 million – down 9.6%

Land-Based Casino Table Games: $46.55 million – down 28.7%

Online Casino & Poker: $87.63 million – 113% increase

Sports: $45.08 million – 19% increase

Golden Nugget licensees including SugarHouse lead the way

Golden Nugget’s four licensees (including SugarHouse Online Casino) lead the way in New Jersey in September reporting just over $26 million in revenue.

The Borgata Group, including Party Casino finished in second place with $20.28 million, closely followed by the Resorts / DraftKings / PokerStars triumvirate with just over $20 million in third position.

Other significant results in New Jersey in September 2020 included;

  • Caesars / Harrah’s / 888Casino Licensee Group – $8.346 million in revenue.
  • Hard Rock / Unibet / Bet365 Casino Licensee Group – $6.21 million in revenue.
  • Tropicana / Virgin Casino Licensee Group – $5.997 million in revenue.
  • Oceans / Parx Licensee Group – $0.78 million in revenue.

continued their growth spiral. While the increases were much steeper in March through June, the growth pathway remained upward. The revenue increase for this part of the online casino sector was only a mild 2.5%.

Taking a closer look at the numbers, September indicated a less significant month-on-month increase than in previous months.

  • Revenue – September 2020 online casino games: $85,079,481
  • Revenue – August 2020 online casino games: $84,737,965
    Month-on-month Result: 0.4% increase

 

  • Revenue – September 2019 online casino games: $39,499,341
    Year-on-year Growth: 115.4% increase

 

  • Revenue – Online Poker Sites: $2,554,216
  • Down 16% from August’s $3.035 million

On the upside, as September was a 30-day month compared to August’s 31 days, calculated on a daily basis overall online gaming recorded more than $2.9 million each day to set a new daily revenue record.

Taken together as a total (with all wagering types) and the importance of online wagering in all its forms is clearly understood, amounting to more than 40% of the $323 million revenue from sites, casinos and racetracks. Without online gaming, those figures would be nothing like they are.

Examining the source and trends of some of the New Jersey major revenue raisers in the $323.8 million September figures;

Land-based slots: $144.01 million – down 9.6%

Land-Based Casino Table Games: $46.55 million – down 28.7%

Online Casino & Poker: $87.63 million – 113% increase

Sports: $45.08 million – 19% increase

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