New Jersey’s regulated online gambling market came just shy of setting a new all-time monthly revenue record in May despite poker’s inability to grow beyond its current confines.
Figures released Wednesday by the New Jersey Division of Gaming Enforcement (DGE) show the state’s licensed online gambling operators generated revenue of $21.1m in May, up 27.3% from the same month last year, $300k higher than April 2016’s total and not far off the record performance of $21.7m set this March.
As has become DGE dogma, May’s year-on-year improvement was entirely the work of the casino vertical, which shot up 35.6% to just under $19m. Poker, on the other hand, was down 17.5% year-on-year to $2.1m, although this represented a modest sequential gain over April’s poker receipts.
Over the first five months of 2017, total online gambling win is up 29% to $101.2m, despite online poker revenue falling 7.8% year-on-year to just $10.85m.