New Jersey online gambling, sports betting records fall in October

New Jersey’s online gambling and sports betting market obliterated all previous financial records in the month of October, and it wasn’t even close.

Figures released Friday by the New Jersey Division of Gaming Enforcement (DGE) show the state’s online casino and poker licensees generated revenue of $93.45m in October, more than twice the sum reported in October 2019 and nearly $6m higher than the state’s previous monthly best set this August.

October’s online casino revenue came in just under $91m, a 108.7% year-on-year improvement, while online poker settled for rising 53.5% to $2.5m. For the year-to-date, overall online revenue is up nearly 103% to over $779m, with casino up 103.4% to $745.7m and poker rising 88.5% to $33.4m.

As one might expect, individual property records also fell like dominoes, led by the Golden Nugget’s $28.1m in online casino revenue. The fight for second place was won by the Borgata and its BetMGM partner, which collected $22.1m (of which $724k came via poker), narrowly ahead of Resorts Digital Gaming and its DraftKings/FoxBet partners’ $21.6m ($842k from PokerStars’ poker offering).