New Jersey online gambling soars in April, sports betting slumps

New Jersey’s regulated online gambling revenue soared to a record $80m in April as Atlantic City casinos remained under COVID-19 lockdown.

Figures released Wednesday by the New Jersey Division of Gaming Enforcement (DGE) show the state’s licensed online gambling operators generated combined revenue of just under $80m, a 118.6% gain over the same month last year and nearly $15m better than the previous record set in March 2020.

The online casino vertical was up 114.3% to a record $74.8m while online poker more than tripled year-on-year to $5.15m, manhandling the previous poker record of $3.6m set in March. So if your poker buddy has suddenly relocated the swagger he lost over the past decade or so, you’ll know why. (Don’t worry: it will only last until there’s a vaccine.)

April was the first month in which AC’s casinos were shut for the whole month, whereas in March the casinos remained open for the first couple weeks. And while the online numbers are stellar, remember that they have a long way to go before they make up for the couple hundred million or so that brick-and-mortar gaming traditionally brought in each month.