NJ Online Casino Revenue Nears Million Again In August

NJ Online Casino RevenuesNJ Online Casino Revenues

Editor’s note: New Jersey releases the gross revenue numbers for its regulated internet poker websites  and NJ online casinos every month, generally about two weeks following the end of the month.

The New Jersey online gambling industry continues its bull run, posting August numbers rivaling some of the finest in NJ history. Operators combined to earn nearly $25 million in revenue for the month round poker and casino platforms.

Some of the August highlights include:

Online gambling revenue amounted to $24,804,558, the third-highest monthly total since inception.Total earnings surpassed $20 million to the 18th consecutive month.Online casino revenue alone exceeded $20 million for the eighth consecutive month.Total year-over-year revenue grew up about 16.6 percent from last August ($21.3 million).Other August 2018 highlightsGolden Nugget continues to set the bar for the competition, recording more than $8 million in revenue for the sixth successive month. Its bottom-line number was $8,172,508 for August.Competing operators continue to flirt with the $5 million milestone, but to date, nobody has managed to reach that mark. Borgata was once again the closest in August with just under $4.7 million in revenue. Caesars continues to reap the benefits of multi-state poker. The WSOP / 888 Poker network moved to the industry lead after expansion in May, and its $725,020 in August revenue was the most for any online poker operator.The new men are still bringing up the rear. Ocean Resort Casino and Hard Rock AC are the most recent entries into the market, combining for about $865,000 in August revenue. Ocean is at the very bottom of the totem pole for now.Top line numbers

Revenue / month-over-month change (normalized for Additional day in June) / year-over-year Shift

Overall:  $24.8 million / -4.2% / +16.6%Casino: $23 million / -4.4% / +19.8%Poker: $1.8 million / -1.77% / -12.8%

Do not be overly concerned by those minus signs; the sector appears healthy overall.

Internet poker revenue was down somewhat from last month, however, and the year-over-year trend is red. Caesars is once again the only operator who can post YoY revenue increases, with the vertical down near 13 percent as a whole. Both PokerStars NJ (-21 percent) and the Borgata system (-32 percent) were well off their numbers from a year ago.

Internet casino revenue, on the other hand, continues to do what it has been doing for months in a row. $25 million was approached by revenue in August, a YoY increase of almost 20 percent.

The overall numbers are extremely impressive once again. Even factoring in the struggling poker perpendicular, total revenue remains up 16.6 percent from last year.

Winners and losers

In alphabetical order, by permit holder:

Borgata (Borgata, PartyPoker, Pala, MGM): Borgata continues to rebound from a strangely slow June, observing YOY growth of about eight per cent for internet casino games. Internet poker revenue is down about a third, however, putting the Borgata network in last place in the market.Caesars (888, Caesars, Harrah’s, WSOP): Caesars is once again the only operator which showed YoY growth (18.8 percent) from the sparse internet poker market. Its casino merchandise is struggling mightily, however, down about 28 percent from last year and nine per cent. Still, $3.5 million in total August revenue is nothing to sneeze at.Golden Nugget (Golden Nugget, Betfair, SugarHouse): No surprise here, as Golden Nugget proceeds to lap the field. Its August revenue represented just about a third of their total. That being said, the Nugget did post the biggest month-to-month decline of about 12 percent on the heels of its record-setting July.Hard Rock (Hard Rock): August was the second full month of performance for Hard Rock’s online casino platform, so it’s too soon to tell how it will fare in the industry. Early growth isn’t a surprise, with $481,803 in revenue representing a 46 percent increase from its first month online.Ocean Resort (Ocean Resort): Like its neighbor on the Boardwalk, Ocean Resort is brand new to the NJ online gambling market. It collected $385,802 in August revenue, up almost 55 percent from its July debut.Resorts AC (Resorts, Mohegan Sun, PokerStars NJ): Resorts has been steadily climbing into a competitive position in the market. It’s one of two recognized NJ operators who posted annual gains, with $4.03 million in revenue putting it just behind Borgata for the silver medal. Internet poker revenue within the Resorts system was almost flat compared to July. Tropicana (Tropicana, Virgin): Tropicana is another long-standing NJ operator which demonstrated growth between July and August. Its revenue of $3.6 million puts it about on par with Caesars, though both are trending in opposite directions. Tropicana’s revenue was up 7.3 percent for the month.Detailed amounts by operator / merchandise Aug. 2018July (same days)Difference month (Normalized)Aug. 2017Difference year over yearBorgata poker$439,817$467,604-5.94%$649,905-32.33%Borgata casino$4,215,649$4,463,799-5.56%$3,644,494+15.67%Borgata overall$4,655,466$4,931,403-5.60%$4,294,399+8.41%Caesars poker$725,020$727,842-0.39%$610,554+18.75%Caesars casino$2,762,945$3,039,236-9.09%$3,836,965-27.99%Caesars overall$3,487,965$3,767,078-7.41%$4,447,519-21.58%Golden Nugget casino$8,172,508$9,328,814-12.39%$5,190,954+57.44%Hard Rock casino$481,803$329,650+46.16%N/AN/AOcean Resort casino$385,802$249,805+54.44%N/AN/AResorts poker$650,983$653,107-0.33%$821,901-20.80%Resorts casino$3,376,052$3,287,300+2.70%$2,702,443+24.93%Resorts overall$4,027,035$3,940,407+2.20%$3,524,344+14.26%Trop casino$3,593,979$3,350,360+7.27%$3,821,663-5.96%Total poker$1,815,820$1,848,553-1.77%$2,082,360-12.80%Total casino$22,988,738$24,048,964-4.41%$19,196,519+19.75%Total overall$24,804,558$25,897,517-4.22%$21,278,879+16.57% Eric RamseyEric Ramsey Eric Ramsey
Eric is a reporter and writer covering US gambling, sports gambling, and DFS. He comes from a poker history on staff at the World Poker Tour and PokerNews.

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