New Jersey Online Casinos Set New Revenue Records in March
New Jersey’s online gambling industry reached new record revenues in March. The state’s online casinos generated $25.6 million, marking the highest-earning month in the industry’s five-year history, and blowing past the previous record by $3 million.
More impressively, March marked the third month in a row that New Jersey’s online gambling market beat its previous record. Year-over-year igaming revenue fro the state is up nearly $4 million compared to March 2017, when the sites brought in $21.7 million.
New Jersey’s online gambling winning streak has officially lasted for longer than a year. March marked the 13th month in a row that the state’s igaming sites topped $20 million. It is now reasonable to expect online gambling revenues to stay above the $20 million mark in the months ahead.
Online poker in New Jersey is still bringing in less than it did at the time the industry launched in 2013. However, March marked the highest-earning month for the industry since August of last year. In fact, online poker revenue was an insignificant portion of the pie at just $2 million. The industry still would have set a new record even if online poker revenues were not included in the total.
Of New Jersey’s online operators, Golden Nugget is still far and away the revenue leader. The licensee generated $8.65 million in revenue in March, beating its previous best of $8 million and bringing in roughly one-third of all online gaming revenue for the state. Golden Nugget brought in more than twice as much as any other operator.