Revenue reports for the month of April concerning revenue at NJ online casinos have been released, and there are some interesting patterns developing among these brands in 2019. One of them is Borgata Online Casino edging out Caesars Online Casino in generated revenue for a fourth consecutive month to begin the calendar year.
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The most obvious takeaway from numbers provided by the New Jersey Division of Gaming Enforcement is that Golden Nugget Online sits on the NJ online casino revenue throne in a class by itself, generating over $50 million in revenue this year alone. Second-place Resorts Casino has produced $28.75 as the gap between the two has widened since the calendar flipped to 2019. The race between the next two brands in line, however, is a much closer battle as Borgata and Caesars strive for a spot in the revenue triumvirate of NJ online casino brands.
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The gap between Borgata Online Casino and Caesars Online Casino has never been and still isn’t very large, but it has allowed Borgata to claim monthly victories to this point in the year as it surpasses $20 million in year-to-date internet gaming gross revenue.
Caesars Online Casino Remains Close With Borgata Online Casino in 2019 Revenue
In 2018, Borgata Online Casino earned over $54 million in gross revenue while Caesars Online Casino generated just under $46 million. Although Borgata came out ahead, the lead wasn’t a substantial one at just $1 million per month on average. In similar fashion, Caesars Online Casino is remaining extremely close to Borgata, even if it continues to trail by a nominal margin each month.
Below is a month-by-month look at the 2019 NJ online casino internet gaming gross revenue numbers, courtesy of the New Jersey DGE:
|
Month/Year For NJ Online Casino Revenue |
Borgata Online Casino Revenue ($ In Millions) |
Caesars Online Casino Revenue ($ In Millions) |
|---|---|---|
|
January 2019 |
$4.74 |
$4.58 |
|
February 2019 |
$4.51 |
$4.28 |
|
March 2019 |
$5.44 |
$5.14 |
|
April 2019 |
$5.46 |
$4.58 |
|
Year-To-Date 2019 |
$20.20 |
$18.60 |
|
Year-To-Date 2018 |
$54.32 |
$45.65 |
In each of the year’s first three months, Borgata Online Casino finished just barely ahead of Caesars Online Casino. The gap was no larger than $300,000 in any one month until April, when Borgata cleared Caesars by nearly $1 million. The string of narrow wins for Borgata Online Casino has added up to a lead of just $1.6 million at this point of the year.
If this trend continued for all of 2019, the two brands would be separated by less than $5 million by the time the New Year arrives. Borgata's lead, however, shouldn't be taken for granted. With an earning difference so slight between the two, Caesars Online Casino has a chance to take over the third-place spot in NJ online caisno revenue.