New Jersey iGaming Revenue Hits $21.2M in August

New Jersey iGaming Revenue Generates $21.2M in AugustNew Jersey’s online gambling market generated $21.2 million in August, up by a massive 32.4% compared to the same month last year, and marking six consecutive months of above $20 million revenue for the Garden State.
As has become the established case, online casinos produced the lion’s share of revenue and growth, with business soaring by 38% to $19.2 million year-on-year, while online poker went in the opposite direction, and dropped by 4.2% to around $2.1 million. On the positive side, though, online poker still managed to collect $75k more than the previous month, and continued to stay well above the historic low reported in June of just $1.73 million.
Breaking the figures down further, the Golden Nugget led the state’s iGaming market in August with $5.2 million in revenue; followed by Caesars Interactive Entertainment with $4.44 million (casino: $3.83m , poker: $610k); Borgata with $4.3 million (casino; $3.64m, poker: $650k), the Tropicana’s casino only operation on $3.8 million; and in bottom position Resorts Digital Gaming and its partner PokerStars on $3.5 million, with $2.7m derived from its online casino, and the remaining $822k coming from poker.
Commenting on the overall positive figures, PlayNJ.com lead analyst Steve Ruddock, stated: “Early revenue projections may have missed the mark, but analysts were right on the money with their predictions that New Jersey online gaming would see sustained growth as the market matured.”
Meanwhile, Atlantic City’s casinos, including online gambling revenue, totalled $244.8 million in August, which is 0.4% lower than the same month in 2016. Back then, however, the now shuttered Trump Taj Mahal was operational, but if the venue is excluded from the statistics, the remaining casinos still running were actually up by 5.5% versus last August. Furthermore, five out of AC’s seven casinos posted growth in August, headed by the Tropicana. As Matthew B. Levinson, CEO of the state Casino Control Commission explains:

“Great summer weather and an improving economy combined to draw more business not only to the facilities in Atlantic City but to their internet operations. When you see improvements like these month after month, season after season, a trend is clearly emerging.”

All told, the state’s gambling market has collected $1.8 billion for the first eight months of the year, higher by 9.2%
versus the $1.6 billion taken over the same period in 2016.


Poker News
UK's Poker Sector Just 5% of Online Gambling Market
27 Oct 2020
A major outage by GeoComply last Thursday left several online poker players with nowhere to play. GeoComply is a geolocation surface used by most online poker sites in the US. It determines where players are physically located which online poker sites need to know so ensure only legal players are using their sites. When GeoComply
New Jersey iPoker Down 2.8% to $1.91m in October
07 Jul 2020
Atlantic City Casinos may have just reopened following their lengthy COVID-19 imposed, but a new bill filed in New Jersey last week could see their monopoly on live poker come to an end. Republican Assemblyman Ronald Dancer filed A4365 last week that, if made law, would allow New Jersey horse racing tracks to open poker
NJ All Time Revenue Record
15 May 2020
The COVID-19 pandemic continues to be a boom for the New Jersey online poker industry, as they reported record revenues for the month of April. April revenues were expected to be massive following a record-setting month in March. Before the pandemic shuttered casinos and poker rooms in Atlantic City and drove all poker players inside,
new jersey lawsuit
16 Apr 2020
The COVID-19 pandemic that shuttered brick and mortar casinos has been a boom in revenues for New Jersey online poker and other forms of state gambling. The New Jersey Department of Gaming Enforcement released the March revenue numbers earlier this week and online poker revenues set new records. The online poker revenues in New Jersey