Online casinos in New Jersey saw a record growth during January 2018. This is despite a common belief that online gambling in the state is at a stalemate. The positive news were spread online after the state released gross revenue figures for the regulated online casino and poker sector. This month and they show a record combined revenue of $21.96 million.
Online Casinos New Jersey
Online gambling in New Jersey was officially legalized in 2013 and the industry has been growing steadily ever since. The latest numbers mark the 11th month in a row that the combined revenue of online poker and casinos has exceeded $20 million. Reportedly, this is also the 4th time that online gambling revenue has surpassed $21 million since it was made legal in the country. Compared to December, the latest numbers show a 5.8% growth over month.
According to the figures, Golden Nugget’s online sites were the top earners during the month. Amounting to a $7.29 million in combined revenue. Far surpassing even Borgata which dominates the land-based sector. They came 2nd with a combined revenue of $4.12 million. Yet, with the Betfair and Sugar House brands under its license, it is not surprising it did.
However, most of Golden Nugget’s numbers thus far are owed to its online casino brands. Which have put the operator at the number 1 spot by online casino revenue since the legalization of online casinos in New Jersey. But when it comes to combined revenue from both Poker and online casinos, Borgata takes the lead. Thanks to the figures generated with the help of Party Poker. Which show total combined revenue of $193 million since 2013. Golden Nugget, on the other hand, generated a total of $167 million.
Online poker is slowing down
But as the data shows, online poker play has been on a decrease recently. With the January online poker revenue only contributing for a small portion of the new record numbers. Namely, last month online poker only generated $1.95 million in revenue for the casinos. $0.82 million of which were made by Resorts’ online poker platform. For comparison, the total poker revenue in January last year was above $2.3 million.