Editor’s note: New Jersey releases the gross revenue numbers for its regulated online poker sites and NJ online casinos each month, generally about two weeks after the close of the month.
New Jersey online casinos turned in another strong performance this June. Between casino and poker platforms, operators generated about $22.7 million in total revenue.
Those numbers continue an impressive trend for a maturing industry.
- Total online gambling revenue exceeded $20 million for the 16th consecutive month.
- Online casino revenue alone exceeded $20 million for the sixth consecutive month.
- Total year-over-year revenue was up $2.5 million from last June ($20.2 million, +12%).
- Cumulative online gambling revenue since launch crossed $850 million, on pace to reach $1 billion this year.
Other June 2018 highlights
- Golden Nugget continues to lap the field, generating revenue in excess of $8 million for the fourth consecutive month. More accolades to follow.
- Unchallenged on the throne. Golden Nugget’s June revenue was more than twice that of the nearest challenger. It has exceeded $5 million every month dating back to January 2017, while no other operator has reached that milestone in any single month.
- Borgata earned just over $4 million, good for the silver medal and some modest year-over-year growth. Its poker product is struggling, however, down more than 35 percent since last June.
- Caesars poker (WSOP / 888) showed the biggest YOY gains on the board thanks to the new liquidity-sharing agreement with Nevada and Delaware. The group currently offers the only multi-state poker network, but that revenue still represents a drop in the proverbial bucket.
- Rock on!: The list of operators grew by one this month with the addition of the Hard Rock online casino. Its new platform powered by GiG earned a few thousand dollars through the first three days of operations.
- Summer slowdown: Despite all the good news, June was still the leanest month since February. Total revenue slipped about 3.6 percent from May with just two operators posting month-over-month growth. Blame the fair weather.
Top line numbers
Revenue / month-over-month change (normalized for extra day in May) / year-over-year change
- Overall: $22.7 million / -3.6% / +12.1%
- Casino: $20.9 million / -3.4% / +13.1%
- Poker: $1.8 million / -5.9% / +1.3%
Poker was responsible for revenue of $1.74 million, showing just a hint of growth over the past year. A “hint of growth” is perhaps slightly disappointing given the launch of multistate poker and the strong turnout for the major online events across the WSOP/888 network this summer. Caesars was the only poker operator that posted a YOY increase.
Casino revenue continued its bullish run, posting $20.93 million in June. That’s come down from an all-time high earlier this spring, but it marks the sixth-consecutive month with revenue surpassing $20 million. Twenty million has become the new guidepost, indicating that the March record wasn’t as much of an outlier as it initially appeared.
Overall, there’s nothing at all to complain about in these numbers. Total revenue across all games eclipsed $22 million for the fourth consecutive month.
UP TO $1,050 FREE
New User Bonus. T&Cs Apply.
Bet $1, Win $100 If U.S.A Wins a Medal
$50 Free Bet on Deposit
Up to $1,000 Deposit Bonus
To Claim: Click Play Now
Winners and losers
In alphabetical order, by license holder:
- Borgata (Borgata, PartyPoker, Pala, MGM): Borgata is slightly below the curve, with revenue slowing more drastically than some of its competitors. Month-over-month numbers slipped 9.1 percent, though Borgata retains its status as the second-place operator in a healthy marketplace.
- Caesars (888, Caesars, Harrah’s, WSOP): Caesars fared the worst during the month. Its revenue slipped more than 16 percent from May, which is especially alarming when you consider that poker revenue grew more than nine percent. Casino revenue was down more than 22 percent for the month, though, and nearly that much YOY.
- Golden Nugget (Golden Nugget, Betfair, SugarHouse): No surprise here, but Golden Nugget is once again at the head of the class for NJ online casinos. June revenue was up more than 50 percent YOY(!), driving growth for the entire industry. In fact, if you remove Golden Nugget from the equation, YOY revenue across all other operators was dead flat.
- Resorts AC (Resorts, Mohegan Sun, PokerStars NJ): Casino was pretty much flat for Resorts, slipping less than one percent from May. The YOY numbers continue to be a bit concerning, down close to nine percent since last June. Caesars is the only other operator that posted a YOY revenue decrease.
- Tropicana (Tropicana, Virgin): Apart from the market leader, Tropicana was the only other operator that showed month-to-month gains in June. They were substantial gains, too, approaching double digits.
Detailed numbers by operator / product
| ||June 2018||May|
|Difference month over month (normalized)||June 2017||Difference year over year||
|Golden Nugget casino||$8,369,746||$8,322,933||0.56%||$5,576,526||50.09%||
|Hard Rock casino||$5,569||$0||--||$0||--||