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New Jersey: Gambling records crushed by Golden Nugget

Record

The regulated online gambling market of New Jersey was able to set a new record as regards revenue in July. Surprisingly, the Golden Nugget crushed a record they had previously set for the best individual property result of all time.

The latest monthly data gotten from the New Jersey’s Division of Gaming Enforcement showed that licensed online gambling companies in New Jersey generated a revenue of about $39.3 million in July. This figure is about 52% higher than what we had this period last year and $200,000 higher than the previous record that was set in March this year.

The online casino vertical increased to about 55.6% year-on-year to about $37.4 million in July. On the other hand, online poker was only able to see a 2.1% gain to $1.87 million. For the year to date, total online revenue rose to about 55.2% to an estimated $256.8 million, with casino increasing to about 60.1% to over $244 million and poker decreased to 2.1% to $12.7 million.

The Golden Nugget rose to a new market high with an estimated sum of $14.9 million in July, about $700,000 higher than the last record set in March this year. The Nugget’s chain of casino websites include Flutter Ent’s Bet fair Casino, Rush Street Interactive’s Play Sugar House and Churchill Downs Inc’s Bet America brand.

In second place is Resorts Digital Gaming, which includes the offering of Resort, including Poker Stars NJ, Mohegan Sun Casino and Draft Kings. These websites when combined earned $6.87 million in July, with $626,000 coming through poker.

The Borgata’s chain of websites came in third place with $6.36 million, of which about $445,000 came through poker. The Borgata chain comprises of poker offerings from NJ PartyPoker, playMGM, and Borgata’s own website.

CIE (Caesars Interactive Entertainment) New Jersey had the biggest poker slice with about $816,000, which led to a total online score of about $5.08 million. CIE is the only New Jersey Company that is sharing poker liquidity presently with the regulated markets in Delaware and Nevada.

As for the rest of the online casino-only websites in the state, the Tropicana was able to report about $3.8 million while Hard Rock Atlantic City earned about $1.9 million, which was a decrease of about half-a-million from the result of June. Ocean Casino Resort increased with $328,000, which is way below its $732,000 peak it saw in November last year.

Source: https://calvinayre.com/2019/08/14/business/new-jersey-golden-nugget-smash-online-gambling-records/

About the author

Jo Arazi

Jo Arazi

Jo is a seasoned writer and analyst of the cryptocurrency market with several years of experience writing for various blogs and websites worldwide. He has worked with several crypto startups and is a supporter of credible crypto projects worldwide.

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