New Jersey’s regulated online gambling market came within a whisker of eclipsing its all-time monthly revenue record in May.
Figures released Wednesday by the New Jersey Division of Gaming Enforcement (DGE) show the state’s licensed online gambling operators generated combined revenue of $38.34m in May, a stellar 57.8% improvement over the same month last year and only around $800k below the market’s all-time record of $39.1m set this March.
As usual, the online casino vertical did all the heavy lifting, shooting up 63.3% year-on-year to over $36.5m, while the poker vertical dipped 6.8% to $1.8m. For the year-to-date, overall online revenue is up 53.5% to $179.4m, with casino rising 58.5% to $170.3m and poker falling 3.4% to less than $9.1m.
The perennially market-leading Golden Nugget’s family of online casino sites didn’t disappoint in May, generating revenue of just under $14.1m, nearly two-thirds higher year-on-year and within spitting distance of its all-time best of $14.2m (also set this March).