New Jersey’s regulated online gambling market closed out 2018 by blowing past old revenue records for both the month of December and the year as a whole.
Figures released Monday by the New Jersey Division of Gaming Enforcement (DGE) show the state’s licensed online gambling operators generated combined online casino and poker revenue of just over $29m in December 2018, a nearly 40% increase from the same month last year.
December’s online total was also $2m higher than the market’s previous monthly best, which was set last November. As always, December’s online gains were driven by the casino vertical, which shot up nearly 45% to $27.2m. The poker vertical rebounded somewhat from its record low performance the previous month, but its $1.76m was still down nearly 9% year-on-year.
December’s result helped drive the 2018 online revenue total to $298.7m, up 21.6% from 2017’s total and another new record high for the state. The online casino vertical improved by more than one-quarter to $277.3m in 2018, while poker fell 11.8% to $21.4m (representing just 7.1% of the overall figure).