NJ Online Casinos Continue To Set Revenue Records

By Joe Kata, February 15th, 2019 New Jersey Online Casinos
NJ Online Casinos Continue To Set Revenue Records

For the third month in a row, revenue from NJ online casinos hit record numbers, based on Dec. 2018 numbers released by the New Jersey Division of Gaming Enforcement. Golden Nugget Online Casino, Borgata Online Casino, playMGM (under the Borgata umbrella,) Caesars Online Casino and others combined for a $43.7 million haul at the end of the year. That surpassed the record in November by more than $2 million, which had beat the previous record in October. NJ online casinos, as well as states who are waiting for legalization such as PA online casinos, are eager to see what is in store for 2019.

NJ Online Casinos 2018 Revenue

And though December closed out a big month for NJ online casinos, let's take a look at the total revenue of 2018, which includes revenue from NJ online poker:

NJ Online Casinos

Total Revenue

Golden Nugget Online Casino

$104,790,589

Borgata Online Casino

$54,094,337

Caesars Online Casino

$45,559,070

Resorts Online Casino

$45,307,723

Hard Rock Online Casino

$5,119,989

Ocean Online Casino

$2,765,410

Tropicana Online Casino

$41,063,784

Total

$298,700,902

Golden Nugget, Borgata Set New Personal Records In December

As the records continually fall for NJ online casinos as a whole, so do individual online casino in New Jersey records month after month. For example, Borgata Online Casino set a personal record in Dec. 2018 as they passed the $5 million mark for the month. But many players must have taken advantage of the Golden Nugget Online Casino bonus code, as they shot past $10 million for the month to set another mega milestone for revenue.

Ocean Resort Casino Falters Despite NJ Online Casinos Thriving

As it's announced that Ocean Resort Casino is now under the control of Luxor Capital Group, the revenue numbers from December show a struggle to maintain relevance amongst many other revenue bulls in the Atlantic City area. After having their best month ever in November, they suffered from a 35% drop in revenue in December. It will be interesting to see how the new majority owners are able to turn things around for the maligned casino, as they've pledged to invest $70 million into the location to make it competitive again.

NJ Online Casino Revenue Up, Online Poker Revenue Down

While online casino revenue in New Jersey keeps increasing month-over-month, NJ online poker revenues continue their downturn in the Garden State. New Jersey's poker sites have reported losses in 21 of the last 22 months. But it's not all bad news for poker in New Jersey, with the largest month-to-month growth in 2018 happening in the month of December.

NJ Sports Betting Partnerships Triggered Revenue Increases For NJ Online Casinos

The legalization and subsequent launch of NJ sports betting in August 2018 have seemingly triggered at least some of the New Jersey online casino revenue increase. Partnerships and cross-selling between the two entities look to be the catalyst in the increased revenue, and experts look for that to continue well into 2019 as we await January's numbers.

This web page is purely for entertainment purposes only, and may contain paid advertisements for online casinos, poker sites, and sportsbooks (including DraftKings, Fan Duel, and others.) When you play online or in person at casinos, you are always at risk to lose the money that you are wagering, and Bonus Seeker makes no claim or guarantee that you will win money. When gambling at a casino, only risk what you can comfortably afford to lose. You must be 21 years or older, and a US citizen to register at online casinos in New Jersey and other states in the US. Whilst we try to ensure that this information is correct, we do not warrant its accuracy or completeness. The information provided does not constitute advice and is intended only to provide general information. Bonus Seeker and its partners will not be responsible for any errors or omissions and we will not have any liability or responsibility for any loss that arises from any reliance placed on information obtained from this article including, but not limited to, the comments submitted by third parties. If you should require any advice for gambling-related problems, please CALL 1-800-GAMBLER.

© Copyright 2019 - All Rights Reserved. Privacy Policy