New Jersey hulk-smashes online gambling revenue record

New Jersey’s regulated online gambling market shows absolutely no sign of letting up as it smashed yet another monthly revenue record.

Figures released Wednesday by the New Jersey Division of Gaming Enforcement (DGE) show the state’s licensed online gambling operators generated revenue of $33.6m in January, a stellar 53% rise over the same month last year and $4.6m higher than the previous record set last December.

In fact, January’s online casino revenue of $31.7m could have set a new monthly best for the overall market all on its own. As it stands, January’s online casino revenue was 58.5% higher year-on-year and $4.5m higher than December 2018.

And then there’s online poker. The perpetually disappointing poker vertical reported revenue of $1.88m in January, a 3.5% decline from January 2018 although it did inch up slightly from December 2018’s $1.76m.