New Jersey's online casinos in July 2020 saw a record-breaking $87,492,952 in revenue! This is the biggest month ever! Read to find out about the NJ casino industry. New Jersey: monthly online casino revenue by operator 2019-2020; Delaware: online gaming revenue 2016-2017; Gambling: online gamers who played another online game in France 2014.
July 2020 has been the biggest month on record for New Jersey's online casinos. It seems that land-based casino closings didn't curb Garden State residents' desire to gamble. July saw record numbers!
The Numbers: July 2020
The online casinos saw casino and poker saw $87,492,952 in revenue in July this year. Compare that to last July's 39,315,731, and you'll see a 122.5% increase!
It should come as no surprise that Golden Nugget's online casinowas the big winner yet again in July. They pulled in a whopping $31,480,080 (compared to their $14,895,411 in July 2019). In a very distant second place, Resorts brought in $18,031,664, then Borgata with $15,297,228.
This is an improvement over the record-high numbers we saw in May: $85.9 million.
Comparison with 2019
Online casinos have seen a steady rise in New Jersey since they were first legalized in 2013. While neighboring Pennsylvania and Delaware also have online casino markets, it seems that New Jersey's only competition is with itself.
January through July 2020 saw $510m in revenue. This means in the first seven months of 2020, they have already beaten the $482m gained over the whole of 2019.
How Long Can This Continue?
Despite COVID measures, online casinos are seeing a steady increase. While some casinos are closing and others are open with some distancing measures, it's no surprise that casino closings are diverting gamblers to online casinos.
The question is, will online casino players return to the land-based casinos once they reopen? There are many reasons to play online instead, including great no deposit bonuses, free spins, and more transparency for Return to Player. Still, we foresee that the good relationship between online and physical casinos will continue in the future.
05 March 2020
The January tax report for the NJ online casinos have been released and show continued growth for the online casino industry as a whole. However, some brand shows a standstill, or even decline in online casino revenues.
Golden Nugget Holds the Throne
The big leader of the pack is still Golden Nugget, who with their brands Golden Nugget NJ, Betfair, PlaySugarhouse NJ, and BetAmerica reported a gross internet gaming revenue of $21.2 Million, which is an increase of 74.1% compared to the same period last year.
The biggest revenue growth since last year was made by Borgata, who grew by 118.7% since the same period last year, from a revenue of $4.7 Million to $10.4 Million.
Caesar’s and Ocean Falls Behind
Almost all other brands are showing healthy growth, except Caesars Interactive, with the partnering brands Caesar’s, Harrah’s, WSOP.com, and 888.com, was the only casino in New Jersey that showed a decline of 7.4% in internet gaming revenue from $4,6 Million in January 2019 to $4.2 Million in January 2020. The partnering brands Caesar, Harrah’s, WSOP.com, and 888.com.
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Ocean Resort stayed at the same level of revenue as last year, growing only 0.1% to an internet gaming gross revenue of just $531,343. Their land-based casino and sports wagering revenues still show growth, which indicates that their online casino business might not be their focus at the moment.
Industry-Wide Growth
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In total, the industry-wide New Jersey gross internet gaming revenue grew to $55.1 Million in January 2020 from $33.6 Million in February 2019, which is a growth of 64.0%. Internet gaming is still a bigger industry than sports wagering with a gross revenue of $24.4 Million in January. However, sports wagering has a higher growth rate, growing 139.9% compared to the same period in 2019.
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The gross online casino revenue leads to a large tax income for New Jersey, where online gambling contributes with $8.3 Million in taxes, compared to the land-based tax total of $13.6 Million. A very welcome tax contribution to the state!