NEW JERSEY ONLINE POKER REVENUE RISES, FLYING PIGS EXPECTED
New Jersey’s online gambling market had another rock-solid month in June and even poker posted a rare year-on-year improvement.
Figures released Friday by the New Jersey Division of Gaming Enforcement (DGE) show the state’s online gambling licensees generated combined revenue of just over $38m in June, a whopping 67.8% rise over the same month last year, but about $300k less than the market generated in May 2019.
The online casino vertical had a particularly solid month, with revenue rising by nearly three-quarters year-on-year to $36.3m. The much-maligned poker vertical reported revenue of only $1.77m, but that was 0.7% ahead of the same month last year, so whoopee…
For the year-to-date, overall online revenue is up 55.8% to an impressive $217.4m — on pace to obliterate the $298.7m generated in FY18 — with casino rising 60.9% to $206.6m and poker falling 2.7% to $10.8m.
As for the individual operator honors, the Golden Nugget family of sites retained its traditional top ranking with $13.6m, up 62.5% year-on-year but about half-a-million shy of May 2019’s result.
Resorts Digital, whose operations include The Stars Group’s PokerStars brand and DraftKings’ online casino, had a seriously strong month with revenue up 106.3% year-on-year to $6.93m. Of that sum, nearly $537k came via the poker vertical.
Third place went to the Borgata family of sites, which generated a combined $6.03m (+49.7%), with poker contributing nearly $372k to that total. Fourth place went to Caesars Interactive Entertainmentwith $4.96m (+49.9%), although CIE claimed the online poker crown (again) with nearly $862k.
As for the rest of the market’s casino-only operators, the Tropicana reported $3.75m (+4%), while theHard Rock Atlantic City had its best month to date with $2.4m – eclipsing its previous best of $1.67m set in February – likely thanks to last month’s addition of the Kindred Group’s Unibet brand. The Ocean Casino Resort brought up the rear with a lowly $357k, less than half its $732k peak last November.