New Jersey iGaming Soars 31.6% in August

New Jersey’s online gambling market has continued its impressive run this year, and in August revenues soared by an impressive 31.6% to $16.1m, versus the same month in 2015. On the flip side, that figure was a decrease of 7.47% compared to the $17.4m generated in July.
The online casino vertical continues to drive New Jersey’s iGaming market, and in August accounted for $13.9m of revenues, representing a 35.8% improvement year-on-year. Online poker, too, reported positive growth with business higher by 9.6% at $2.17m.
Breaking the figures down, The Borgata Hotel Casino produced $3.73m in August, with its online casino accounting for $3.12m of revenues, and poker the remaining $608k. Next was The Golden Nugget’s casino-only business with $3.47m; followed by Caesars Interactive Entertainment with $3.1m, of which $2.4m was from its iCasino, and $700k from poker.
In fourth place was Resorts Digital Gaming ($2.89m), with $2.03m from casinos, and $865k from its PokerStars affiliated poker offering; and in last position was The Tropicana’s casino-only site with $2.85m in revenues.
As a result, New Jersey has thus far generated $128.2m in online revenues for the first eight months of 2016, higher by 32.6% compared to the same period of time last year. From that tally, online casino are up 37% at $110.3m, while online poker, too, has risen by 10.7% to $17.9m.
In August, New Jersey’s overall land-based casino market, including online operations, generated $245.8 million in revenues, lower by 4.9% compared to the $258.5 million collected in August 2015. Commenting on the results, Matt Levinson, chairman of the New Jersey Casino Control Commission, said:
“August had an unfavorable calendar and revenues were down compared to last August, but total gaming win is still 2 percent higher than it was at this point last year. Everyone knows that weekends are the busiest time in Atlantic City, and August of 2015 had one more Saturday and one more Sunday than this year.”