NJ Casino Smashes Revenue Record

Harry Coulter | 16 Aug 2018

Gambling revenues increased in New JerseyIt’s been an exciting year for the American gambling scene and New Jersey has quickly become a major role-player in the world of online casino and gaming. Not only has the state enjoyed record success in terms of revenue income for the month of July, but so too has its private operators. The Golden Nugget has managed to post record revenue income figures, smashing records and setting a brand new private operator benchmark.  

Record Figures For July

The New Jersey Division of Gaming Enforcement (DGE) recently made public its figures for the month, revealing that the region’s regulated online gambling operators managed to generate revenue income totalling to $25.9 million for July 2018, which is a $5.3 million increase when compared to the same period for 2017.

What’s more, it’s an all-time high for revenue income. In fact, it’s the highest to date, having smashed March’s record by $300,000.

Online Casinos Remain Drivers

The impressive growth is thanks to online casino games, for the most part. Revenue gained from the online casino vertical catapulted all the way up to a little over $24 million for the month of July alone. Quite surprisingly, Poker experienced a slump, with revenue income dropping by 8% and settling at $1.85 million.

The year to date figures are every bit as impressive in terms of online casino games and, sadly, every bit as disappointing for online Poker. Online revenue is up by 16.5% to $165.4 million, whilst Poker has been a downwards-driver, having dropped by 11% and settling at $13 million.

Golden Nugget Ahead Of Pack

In terms of private operators, it was the Golden Nugget that stood head and shoulders above the rest. The operator enjoyed a record-smashing month in terms of its online casino endeavours, out-performing its own personal best, which was posted in March of the current year.

In the runner-up position, it’s the Borgata family of sites making headlines. Interestingly enough, its combined total for casino games and Poker did not even breach the halfway mark in terms of the figures reported by the Golden Nugget.

Resorts Digital Gaming, which includes the PokerStars brand, came in third, with Caeser’s Interactive Entertainment finishing in fourth position.

Sources:

https://calvinayre.com/2018/08/14/business/new-jersey-online-gambling-golden-nugget-revenue-record/