New Jersey Online Gambling Up 10.6% Year-Over-Year in April
Was online gambling revenue up or down last month in New Jersey? It depends on how you look at the numbers. The regulated market was up 10.6 percent year-over-year in April. State operators generated a combined $23 million in revenue, coming in less than $2 million short of the best month the market has ever seen, which was March 2018.
Comparing month-to-month, New Jersey’s igaming market took an apparent dip. However, Revenues were still higher in April than they ever have been, save the month prior when the market set a new all-time high.
The market’s biggest winner in April was Golden Nugget, which includes BetfairCasino and PlaySugarHouse. Though revenue from Golden Nugget’s family of sites was slightly down in April from where it was in March, the site is still earning nearly twice as much as its nearest competition.
In a distant second were Borgata and its family of skins, which recorded $4.5 million in April. Borgata became the second operator to launch live dealer games in New Jersey last month (after Golden Nugget), but the launch came late enough in the month that any bump in revenue from those new games would not be apparent.
If Borgata is successful in implementing and promoting live dealer games, their revenues could begin climbing closer to Golden Nugget’s in the coming months. Another operator who is expecting to see a dramatic increase in the next report is WSOP/888. WSOP.com became the first and only online gambling operator to launch tri-state player pool sharing at the start of May.