New Jersey’s online casinos and sportsbooks saw total gross gaming revenue drop $10.27m month over month.
With revenues still led by the dominant FanDuel Sportsbook (Sports betting revenue reports under Meadowlands,) the state’s online gambling operators generated a total of $53.08m in online gross revenue compared to a total of $63.36m in the previous month.
Online gaming revenue declined 16.2 per cent in April compared to the prior month, according to figures released Tuesday by the New Jersey Division of Gaming Enforcement. New Jersey online gambling operators report revenues in three gaming categories with $34.91m in gross online casino gaming win, $16.50m in gross online sports betting win and $1.67m in gross online poker gaming win.
New Jersey online casino operators entered Q2 with a slight dip as sport season slows down after March Madness. Gross revenue growth on casino games is led by operators under the umbrellas of Golden Nugget Online Casino and Resorts Online Casino. Golden Nugget’s $13.85 million reporting includes gross casino game revenues from Golden Nugget Online Casino and SugarHouse Online Casino, to go along with both Betfair Online Casino and FanDuel’s online casino players. Resorts Casino’s $6.58m gross casino games revenue comes from play at DraftKings, Mohegan Sun Online Casino, Resorts Online Casino, and PokerStars.
There doesn’t seem to be any major surprises as operators knew April would be a slower month in terms of sporting events compared to March which was reported to drive a decrease in casino revenues from cross sell. However, it shouldn’t go without notice that NJ gambling sites continue to impress as April marked the second largest revenue month since market inception, generating $36.58 million in online poker and casino game revenues in the April 2019
“No surprises here as NJ Online Gaming Operators held strong against a declining sporting events schedule in April to maintain strong NJ online casino revenues while experiencing expected declines in sports related revenue,” said BonusSeeker.com Managing Editor, Rich Migliorisi.