Interactive
US – Fewer sporting events sees New Jersey’s online revenues fall
By Phil - 25 July 2019
The summer months are generally the quiet time of year for New Jersey online casinos and sportsbooks, and the most recent financial numbers from June 2019 seem to support that trend.
After pulling in over $52m in revenues from online casinos and online sportsbooks during the month of May, that number slipped to about $45m, according to figures from the New Jersey Division of Gaming Enforcement.
The dip came as expected as online sports gaming revenue dropped $6.78 Million month over month due to less sporting activity in the month of June.
Golden Nugget Online and its array of high-profile operators hold a massive revenue lead that continues to expand with each passing month. It dominated the competition once again with nearly $13.6m in June, clearing second-place Resorts Digital by more than $7m. The report from the New Jersey DGE also shows us that Golden Nugget has now earned double-digit millions in revenue in all six months of 2019 and at almost $78.69m in total gross revenue with just half the year’s numbers recorded. The casino giant is on pace to smash its nearly $105m in revenue earned last year. Borgata Online Casino earned $5.66m to remain in the third spot and hold off Caesars in the revenue rankings.
Powered by Golden Nugget, overall numbers for online casinos in New Jersey remained on par with a barely-noticeable slip, but sports betting revenue in the Garden State was cut nearly in half in the month of June after earning $13.75 million in May. New Jersey online gambling operators report revenues in the following three categories:
$36.29m in gross online casino gaming win
$6.938m in gross online sports betting win
$1.77m in gross online poker gaming win
“We expected the industry to go through a bit of a dry spell following the completion of NBA and NHL postseasons,” said Rich Migliorisi, Managing Editor at BonusSeeker.com. “Baseball is the only sport day-to-day, but as fall comes we know sports betting in New Jersey will pick up sharply as football season kicks off.”
The $6.94m of online sports gaming revenue generated in June is the lowest monthly total since August 2018, which registered just $3.12m before skyrocketing in September through the end of the year.
