NJ’s Record Monthly Online Casino Numbers
Figures released last week by the New Jersey Division of Gaming Enforcement (NJDGE) show the Garden State’s online casino and poker sites generated revenue of $93.45 million in October; that’s $6 million more than the state’s previous monthly best set last August and more than twice the total reported year-on-year in October 2019. New Jersey’s daily average revenue rose over the magical $3 million daily mark for the first time ever.
New Jersey’s online casino revenue fell agonizingly short of $91 million, which represented a 108.7% year-on-year improvement. Meanwhile, online poker settled for a somewhat unexpected 53.5% increase to $2.5 million. The Garden State’s year-to-date, overall online revenue has increased by 103% to more than $779 million, with online casinos increasing 103.4% to $745.7 million and online poker sites reporting an 88.5% increase up to $33.4 million.
Individual property records also fell across the board led by the Golden Nugget’s 4 licensees (which includes SugarHouse Online Casino) reporting a stunning $28.1 million in online casino revenue. Second place was taken by the Borgata – BetMGM – Party Casino partnership, which collected $22.1 million.
Other notable October 2020 New Jersey Online Casino revenue numbers by operator included;
- Resorts AC / DraftKings / PokerStars – $20.78 million in revenue.
- Caesars / Harrah’s / 888Casino Licensee Group – $7.281 million in revenue.
- Hard Rock / Unibet / Bet365 Casino Licensee Group – $5.46 million in revenue.
- Tropicana / Virgin Casino Licensee Group – $7.245 million in revenue.
- Oceans / Parx Licensee Group – $0.67 million in revenue.
Looking a little deeper into the month’s numbers and it is interesting to see that the October’s numbers growth rate for average daily online revenue is identical to the numbers reported for September.
September’s monthly total actually fell very slightly relative to August’s due to the shorter month, however, considering for the number of days in a shorter month, and the growth trend held at a quite steady 3.2%.
Sports Betting’s also booming online in NJ
The Garden State’s sports betting operators also reported a record handle in October 2020 with a reported combined handle of $803.1 million. Remarkably, all but $59.2 million of that number too, came online.
Its further evidence that the pandemic is pushing people further towards all online gaming options for the long-term. It is a trend that might never be reversed given the rate of technological progress and how that progress is coming up with better gaming options that online players can enjoy anytime/anywhere, including safely at home.
It comes at a time when New Jersey’s Governor Phil Murphy is considering strengthening restrictions in the wake of record pandemic numbers. The Casino Association of New Jersey issued a statement reiterating ‘the Atlantic City casinos’ commitment to precautions designed to prevent the spread of the virus’. The land-based casino body emphasized that the bricks-and-mortar casinos themselves will remain open as usual, and that gambling operations are not affected by Governor Murphy’s order. However, the number of people allowed inside casinos is directly related by the Governor’s newly imposed restrictions.
Without saying it directly, Governor Murphy understands exactly where the state of New Jersey’s gaming revenue is being raised – online.