New Jersey’s regulated online gambling market shook off the summer doldrums to set a new revenue record in July, while the Golden Nugget established a new individual operator benchmark.
Figures released Tuesday by the New Jersey Division of Gaming Enforcement (DGE) show the state’s licensed online gambling operators generated revenue of $25.9m in July, a $5.3m improvement over the same month last year and $300k higher than the market’s previous high-water mark set this March.
To absolutely no one’s surprise, the online casino vertical did all the heavy lifting, with revenue shooting up nearly 30% to just over $24m. By contrast, the poker vertical slumped nearly 8% to $1.85m.
For the year-to-date, total online revenue is up 16.5% to $165.4m, with the casino vertical up 19.7% to $152.4m and poker down 11% to $13m (less than 8% of the total pie).