New Jersey’s regulated online gambling market had its second-best revenue month 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 $24.3m in May, 15.3% higher the same month last year and only $1.3m behind the market’s all-time peak in March of this year.
Stop us if you’ve heard this one before, but the casino vertical was once again responsible for May’s gains. Online casino revenue was up 18.1% year-on-year to just under $22.4m, while online poker was down 9% to a little over $1.9m. On the plus side, May’s poker total was an improvement from April’s $1.76m and the rate of decline was roughly half the 17.5% year-on-year fall recorded in May 2017.
For the year-to-date, total online gambling revenue is up 15.5% to over $116.8m, with online casino up 19% to just under $107.5m while poker is down 13.5% to just under $9.4m.