New Jersey online gambling market continued to grow in November

The New Jersey Division of Gaming Enforcement (DGE) issued the November performance figures for Atlantic City casinos late Wednesday, reporting that overall revenues were up 4.6 percent y-o-y at $206.4 million last month, compared with $197.2 million a year ago.

Internet gambling was again the star of the show, delivering revenues up 20 percent year-on-year at $20.6 million – the ninth month running that revenues have topped $20 million. Online casinos accounted for $18.8 million – up 24.6 percent year-on-year, whilst online poker again failed to impress, declining 13.1 percent y-o-y to $1.8 million – almost the worst performance since 2015.

Since online gambling was legalised in New Jersey in November 2013, internet operators have generated over $700 million in revenue and are on track to reach the billion dollar benchmark some time in 2018. Through 30 November, New Jersey’s online casinos have now generated a record $224.85 million in annual gross revenue, and $701.7 million since the industry’s inception.

Thus far in 2017, New Jersey’s online operators have averaged $20.4 million per month in gross revenue, with the best month so far March at $21.7 million.

New Jersey online operators paid $3.6 million in taxes in November, pushing the YTD collection to $39.3 million. Since New Jersey legalised and regulated online gambling, the Garden State’s online casinos have generated $122.8 million in tax revenue for the state.

The Golden Nugget continued to lead Atlantic City’s internet gambling market in November, winning nearly $6.2 million, an increase of nearly 63 percent over last year. It is followed by the Borgata at $4.2 million (up 12 percent). Resorts Digital, Caesars Interactive-NJ, and Tropicana all were closely clustered within the $3.5 million to $3.2 million range.

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