Online casino gaming revenue in New Jersey grew significantly by more than 16 per cent in January compared to the prior month according to figures released this week by the state’s Division of Gaming Enforcement. Online casino operators turned in $31.71m in casino gross gaming win and $1.88m in poker gross gaming win during the month.
The figures show that January 2019 was the best month to date for the sector. Overall it generated $33.59m in online poker and casino revenues, achieving yet another record-breaking revenue month. Thanks to a further $15.5m in online sports betting revenue, NJ operators generated a new benchmark total of $49.09m in total online gross gaming revenue.
In terms of pecking order Golden Nugget Online Casino Group, which includes SugarHouse Casino and BetFair Casino, remains in front by a hefty margin on casino revenue with another record earning month at $12.18m. Resorts Digital Gaming, home to Resortscasino.com, MoheganSunCasino.com, PokerStars, and FanDuel took second spot with total online revenues of $6.44m.
BonusSeeker.com Managing Editor, Rich Migliorisi offered an industry observer view, saying: “If the market continues to head in this direction, the total online gaming revenues for 2019 will be between $600-$700m, which is beyond most people’s expectations for the first year of sports betting. These strong results will most likely increase the pace of other states’ race to regulation.”
New Jersey Online Gambling Revenue by the Numbers – January 2019 (in $ millions) compiled by BonusSeeker.com