New Jersey online gambling fails to set record, sports betting rebounds

New Jersey’s online gambling market failed to maintain its record-setting pace in June, while sports betting revenue continued to rely on some questionable activities to make up its numbers.

Figures released Tuesday by the New Jersey Division of Gaming Enforcement (DGE) show the state’s licensed online casino/poker operators generated combined revenue of $84.9m in June, a 123.1% improvement from the same month last year but around $1m below May 2020’s record $86m.

June’s online casino revenue was up 124.3% year-on-year to slightly less than $81.4m, just a whisker behind May 2020’s total. Online poker revenue effectively doubled year-on-year to $3.54m, but this was about $1m below May 2020’s figure, which was itself down from April’s record $5.15m. Alas, irrational hope of a second online poker boom, we hardly knew ye.

For the year-to-date, New Jersey’s online revenue stands at $422.7m, up 99.4% from the total generated over the first half of 2019. Online casino is up 94.7% to $402.2m while poker rose 88.9% to $20.5m.