New Jersey Online Casinos - $44.6 Million - Finish First Football Betting Season With Strong February Revenues

New Jersey Online Casinos - $44.6 Million - Finish First Football Betting Season With Strong February Revenues

NJ Online casino gaming revenue dropped 5.5 percent in February compared to the prior month, according to figures released Wednesday by state regulators. Online casino operators reported $29.94 million in online casino gross gaming win and $1.81 million in online poker gross gaming win in February of 2019, based on the online revenue figures reported to the New Jersey Division of Gaming Enforcement.

NJ online casinos are still on a roll but cooled off going into the second month of 2019. NJ gambling sites generated $31.75 million in online poker and casino revenues in the month of February, which marked the first month-over-month decline since August 2018. With an additional $12.85 million in NJ online sports betting revenue, NJ online gambling operators generated a total of $44.6 million in online gross revenue compared to a total of $49.09 million in the previous month.

Golden Nugget Online Casino Group Continues To Be The Top License Holder

The market leaders, for nearly three consecutive years, are the Golden Nugget Casino Online group of operators, which includes Sugarhouse Casino Online and Betfair Casino. They generated total gross revenue of $10.70 million, which were heard to be led by strong cross performance from FanDuel Sportsbook into Betfair Casino. In second place in total market revenue, sits Resorts Digital Gaming which houses Resorts Online Casino, Mohegan Sun Online Casino, PokerStars Casino and DraftKings, providing a total online revenue of $6.66 million.

"Overall, these are great results from both online casino and sports betting apps. No one should be startled by the drop in sports betting revenue as the Super Bowl result was known to put a hurting on FanDuel and others, which helped lead to the large drop in sports betting revenue. All other signs, such as total handle, point to increasing popularity in sports betting both online and off; so newcomers like Aussie-based PointsBet Sportsbook have nothing to worry about.” said Managing Editor, Rich Migliorisi.

The licensed NJ online casinos generated $31.75 million in casino and poker revenues in February 2019, down $1.85 million from the previous month.

New Jersey Online Gambling Revenue By The Numbers - February 2019 ($ In Millions)

Golden Nugget Online Casino $10.70
Resorts Online Casino $5.78
Borgata Online Casino $4.05
Caesars Online Casino $3.50
Ocean Resort Online Casino $0.484
Hard Rock Online Casino $1.67
Tropicana Online Casino $3.45
Total $29.94

Golden Nugget $0
Resorts $.564
Borgata $.459
Caesars $.788
Ocean Resort $0
Hard Rock $0
Tropicana $0
Total $1.81

Combined (Casino + Poker)
Golden Nugget $10.70
Resorts $6.66
Borgata $4.51
Caesars $4.28
Ocean Resort $0.484
Hard Rock $1.67
Tropicana $3.45
Total $31.75

Sports Betting
Bally $.223
Borgata $-.0426
Golden Nugget $.0340
Hard Rock $.0189
Ocean Resorts $1.023
Resorts Digital $3.72
Meadowlands $6.58
Monmouth $1.28
Tropicana $.0104
Total $12.85

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