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A Record-Breaking Month for New Jersey Online Casinos in April
- May 25, 2020 By Riley Wilson -
Online casinos doing business in the state of New Jersey can be more than happy with their performance in April.
According to the latest figures provided by the New Jersey Division of Gaming Enforcement (NJDGE), online casinos recorded almost $80 million during the said period.
What a Month
One of the most important factors for such stunning results was the fact that brick and mortar casinos were closed, while the lack of sporting events virtually halted sports betting.
$79.9 million generated by online casinos in the Garden State represent a staggering 118.6% rise – when compared to the corresponding month of 2019. At the same time, that figure surpasses the previous record, set in March, by nearly $15 million! The closure of land-based casinos in Atlantic City affected those results as well, although casinos’ doors were shut in mid-March.
Despite the record-breaking figures, online gambling revenue will not be able to cover losses made by the lockdown of land-based venues and sports betting
Online poker in New Jersey has finally managed to record growth, ending April with $5.15 million in revenue. At the same time, the latest report revealed than online casino revenue had gone up by 114.3%.
The Nugget Once Again Led the Way
The Golden Nugget traditionally dominated the state’s online casino market, generating $27.64 million in revenue, setting its best result to date. Resorts Digital Gaming ended April in the second place, though far behind the Nugget, taking home $16.1 million. It should be noted that more than $2 million in revenue was generated from online poker. Borgata followed with $15.86 million, of which $1.22 million came from online poker. Caesars Interactive Entertainment ended April with $8.7 million in revenue, with online poker earning $1.86 million.
Sports Betting in New Jersey took a huge hit in April, with $2.63 million in revenue representing a drop of 87.6% when compared to the same period of last year. The betting handle couldn’t exceed $54.6 million. In April 2019, the betting handle was reached $313.7 million.
Only sports betting operators whose revenue managed to go over $100,000 were the FanDuel/Meadowlands, Resorts Digital and William Hill/Monmouth Park The FanDuel/Meadowlands partnership generated $1.63 million in revenue, Resorts Digital bagged $604,000, while William Hill/Monmouth Park ended April with only $182,000.