New Jersey Online Gambling Clocks Successful August
The regulated online gambling market in New Jersey was up 16 percent year-over-year in August at $24.8 million. After a record-breaking summer streak, August just missed the record coming in at $1.1 million below July 2018.
The market has stabilized and is now producing predictable results. Online casino games in New Jersey are climbing at a steady pace and were up by almost 10 percent in August. Online casino games brought in $23 million, while online poker dropped 13 percent from July to $1.8 million.
While total online gambling revenue in New Jersey is up 16.5 percent year-to-date, online poker has fallen a little over 11 percent over the same time period compared to last year. The drop is a disappointing result after launching interstate online poker player pool sharing with Nevada and Delaware at the start of the summer.
The biggest winner in New Jersey is still Golden Nugget with over $8.1 million in revenue in August. The Borgata family of sites were a distant second with $4.65 million in August. Resorts Digital, which licenses PokerStars, came in third with $4 million.
The state's two newest online gambling operators, Hard Rock Atlantic City, and Ocean Resort, have yet to break the half-million mark at $482,000 and $386,000, respectively. However, both operators saw its platform grow over $100,000 month-to-month in August after just launching in July.
September is a big month for online poker tournaments in New Jersey. It will be interesting to see how September revenues compare to August after all the events have played out.