New Jersey shows improved online gambling revenue in May

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According the latest figures released, the New Jersey Division of Gaming Enforcement (DGE) show the state’s licensed online gambling operators posted a combined revenue of $24.3m in May, an increase of 15.3 per cent higher the same month last year. It is just $1.3m behind the market’s all-time peak in March of this year.

Online casino revenue also surged by 18.1 per cent year-on-year to just under $22.4m, while online poker was down 9 per cent to a little over $1.9m. On the plus side, May’s poker total was an improvement from April’s $1.76m and the rate of decline was roughly half the 17.5 per cent year-on-year fall recorded in May 2017.

For the year-to-date, total online gambling revenue is up 15.5 per cent to over $116.8m, with online casino up 19 per cent to just under $107.5m while poker is down 13.5 per cent to just under $9.4m.

In what has become a familiar pattern, the Golden Nugget’s casino-only online operation continued to dominate its Garden State competitors, collecting $8.6m in May, an $470k improvement from April and just $50k below its all-time record in March.

The Borgata family of sites ranked second on the revenue chart with just under $4.6m (nearly $443k from online poker), essentially flat from the previous month. Caesars Interactive Entertainment had a solid showing with $4.1m ($770k from poker), up $600k from April, in part due to the WSOP and 888 online poker sites now sharing liquidity with Nevada and Delaware.

Resorts Digital Gaming placed fourth with $3.6m (nearly $717k from its PokerStars NJ partner) while the Tropicana’s casino-only offering slipped to fifth place with $3.4m.

New Jersey’s online market reports will soon feature a new vertical: sports betting. The state is set to accept its first legal land-based wagers on Thursday, and the online wagering could commence in mid-July, assuming the DGE can craft the necessary regulations and approve online wagering licenses within that span.

 

Source: CalvinAyre.com


Source: European Gaming Industry News

Zoltan Tundik

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.

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