Golden Nugget flirts with NJ online gambling revenue record

New Jersey’s regulated online gambling market posted its eighth straight month of +$20m revenue despite online poker’s returns tumbling nearly one-fifth.

Figures released Wednesday by the New Jersey Division of Gaming Enforcement (DGE) show state-licensed online gambling sites generated revenue of $20.5m in October, an improvement of 23.4% from the $16.7m earned in the same month last year, while roughly flat from September 2017’s $20.4m.

The gains were entirely due to the casino vertical, which shot up 30.5% to $18.63m, while online poker tumbled 19% to $1.93m. The poker figure was roughly flat on a sequential basis, and still better than the June 2017 low-water mark of $1.73m, but still…

For the year-to-date, the market’s total online gambling revenue is up 26.7% to $204.2m, with the casino vertical rising nearly one-third to $183.7m while poker was down more than 8% to $20.5m. The overall YTD online revenue figure is almost exactly 10% of the brick-and-mortar gaming revenue generated in the same period by Atlantic City’s seven surviving casino operators.