New Jersey’s online gambling revenue record streak ends

New Jersey’s online gambling market failed to set a new revenue record in February, despite online poker posting an extremely rare year-on-year improvement.

Figures released Wednesday by the New Jersey Division of Gaming Enforcement (DGE) show the state’s licensed online gambling operators generated revenue of $31.75m in February, a 44.4% improvement over the same month last year but nearly $2m below January 2019’s record haul. It’s worth noting that February had three less days in which to generate revenue than January.

The state’s online casino licensees had a solid month, with revenue up 48.1% to $29.94m, although January’s online casino year-on-year percentage gain was a more robust 58.5%.

Online poker reported revenue of $1.8m last month, a modest year-on-year gain of 2.1%, but the market’s poker vertical has been on a seemingly unending downward spiral for years, making February’s improvement akin to spotting Chris Christie riding a unicorn down Atlantic City’s boardwalk.