New Jersey Online Gambling Revenue
- New Jersey Online Gambling Revenue Certificate
- New Jersey Online Gambling Revenue
- New Jersey Online Gambling Revenue Penalties
July 2020 has been the biggest month on record for New Jersey's online casinos. It seems that land-based casino closings didn't curb Garden State residents' desire to gamble. July saw record numbers!
The Numbers: July 2020
The online casinos saw casino and poker saw $87,492,952 in revenue in July this year. Compare that to last July's 39,315,731, and you'll see a 122.5% increase!
New Jersey posts a record online gambling revenue for the month of July. According to the figures released by the New Jersey Division of Gaming Enforcement, the licensed online gambling operators in New Jersey grossed $39.3 million in revenue in.
Every month the Division of Gaming Enforcement in New Jersey releases the previous month’s legal online gambling revenue for each company. There are a number of New Jersey casinos that operate multiple online brands, we list each site next to their parent company. For sports betting revenue and handle, visit the NJ sports betting revenue page. Figures released Tuesday by the New Jersey Division of Gaming Enforcement show the state’s licensed online gambling operators generated combined revenue of $49.3m in December, a 70% improvement. According to revenue figures released by the New Jersey Division of Gaming Enforcement (DGE), the state’s regulated online gambling market almost eclipsed its all-time monthly revenue record last month. All of the states regulated and licensed online gaming operators generated combined revenue of $38.34 million in May which is a modest $800,000-ish drop from its. New Jersey’s online gambling industry continues to grow. In 2017, the combined revenue of Atlantic City’s online casinos and poker sites was $245 million. That’s a 21% increase from 2016 when New Jersey’s iGaming niche generated $195 million. Delaware added only $2.4 million in online gambling revenues, which was an 18% decline.
It should come as no surprise that Golden Nugget's online casinowas the big winner yet again in July. They pulled in a whopping $31,480,080 (compared to their $14,895,411 in July 2019). In a very distant second place, Resorts brought in $18,031,664, then Borgata with $15,297,228.
This is an improvement over the record-high numbers we saw in May: $85.9 million.
New Jersey Online Gambling Revenue Certificate
Comparison with 2019
Online casinos have seen a steady rise in New Jersey since they were first legalized in 2013. While neighboring Pennsylvania and Delaware also have online casino markets, it seems that New Jersey's only competition is with itself.
January through July 2020 saw $510m in revenue. This means in the first seven months of 2020, they have already beaten the $482m gained over the whole of 2019.
New Jersey Online Gambling Revenue
How Long Can This Continue?
Despite COVID measures, online casinos are seeing a steady increase. While some casinos are closing and others are open with some distancing measures, it's no surprise that casino closings are diverting gamblers to online casinos.
New Jersey Online Gambling Revenue Penalties
The question is, will online casino players return to the land-based casinos once they reopen? There are many reasons to play online instead, including great no deposit bonuses, free spins, and more transparency for Return to Player. Still, we foresee that the good relationship between online and physical casinos will continue in the future.