With concerns over the new Wire Act opinion still unresolved, online gambling is alive and well in New Jersey.
NJ online casino operators combined for about $36.6 million in April revenue, the second largest haul to date. Only March’s total of $39 million was bigger.
Some of that growth can be attributed to the early success of NJ sports betting and the cross-selling opportunities it brings. The new DraftKings Casino, for example, is already making a noticeable mark on the bottom line.
Some highlights for April:
- Online gambling revenue of $36,582,934 is the second highest total for any month since launch.
- It looks like $30 million is the new benchmark, as revenue has exceeded that mark every month in 2019.
- Standalone online casino revenue of $34.9 million would have been a new record, too, if not for that exceptional March.
- Combined revenue was up 59% compared to last April ($23 million).
Other April 2019 highlights in NJ
- To the surprise of nobody, Golden Nugget continues to lap the field. It collected $13.9 million in April revenue, reaching eight figures for the fifth consecutive reporting period. No other operator has ever posted more than $8.5 million in any single month.
- What was, for a long time, a multi-way battle for second place seems to have resolved itself for the time being. Resorts is now the clear number two with $7.1 million in April revenue, thanks in large part to the addition of DraftKings.
- While sports betting has pulled casino revenue along with it, the cross-play hasn’t extended to the poker vertical. NJ online poker sites raked just $1.7 million in April, continuing their sluggish trend.
- Including online sports betting, the internet was responsible for about $53 million in April revenue. Before last month, the state had never seen a number like $50 million.
NJ online gambling revenue breakdown
Revenue / month-over-month change (normalized) / year-over-year change:
- Total: $36.6 million / -3.4% / +58.9%
- Online casinos: $34.9 million / -3.1% / +64.3%
- Online poker sites: $1.7 million / -9.5% / -5.3%
New Jersey… your online poker revenue… woof.
Despite the overall growth of the industry, poker continues to flounder. Revenue for April sunk to the lowest point in five months, and the overall direction is not at all favorable. Online poker was a $2.6 million business way back in April 2014, just a few months after the initial launch in New Jersey.
NJ online casinos, meanwhile, continue their hot streak. Even with the small cooling-off this month, revenue was still up almost 65% in year-over-year comparisons. That is the largest annual increase in industry history.
Going back to that same report from five years ago, online casinos combined for around $8.8 million in revenue in April 2014.
NJ online sports betting revenue
- Total NJ sports betting: $21.2 million
- Online sports betting: $16.6 million
Once again, NJ online sports betting accounted for more than 80% of the total revenue, with FanDuel Sportsbook extending its lead over the field.
Get more on the NJ sports betting numbers on Legal Sports Report.
NJ online gambling winners and losers
- Borgata (Borgata, MGM, Pala, partypoker NJ): It was a fine month for Borgata, as the network of sites combined for just over $5 million in revenue for the second consecutive month. What’s more, the newly launched Borgata Sportsbook should help pad that number in the months to come.
- Caesars (888, Caesars, Harrah’s, WSOP NJ): After clearing that same milestone in March, revenue within the Caesars network dropped back under $4.6 million. Like every other other online poker site, revenue for WSOP NJ slipped noticeably.
- Golden Nugget (Betfair, Golden Nugget, SugarHouse): It’s probably going to be a long time before anyone catches up to the Nugget. Its April total of $13.85 million was just off its all-time high and more than double the revenue of any competing operator.
- Hard Rock (Hard Rock): A relative newcomer to the market, Hard Rock is holding its own. It has generated around $1.6 million in revenue per month for the last four, including its $1,554,913 in April.
- Ocean Resort (Ocean Resort): Ocean continues to bring up the rear with a negligible $308,000 in April revenue. That’s the lowest total (of any operator) since its first partial month of existence in July 2018.
- Resorts AC (DraftKings, Mohegan Sun, PokerStars NJ, Resorts): After many months of battling, Resorts has emerged as the clear runner-up to Golden Nugget. Group revenue came to $7,137,480 for April, its second largest total behind the record-setting March.
- Tropicana (Tropicana, Virgin): Slow and steady might not win the race, but things seem to be just fine for Tropicana. It has posted per-month revenue between $3 million and $4 million for several years running, and its April total of $3.7 million falls into that range once again.
Detailed numbers by operator/product
| ||Apr. 2019||Mar. 2019 (+1 Days)||Month over month||Apr. 2018||Year over year
|Golden Nugget casino||$13,854,527||$13,768,858||0.62%||$8,133,024||70.35%
|Hard Rock casino||$1,554,913||$1,578,237||-1.48%||$-||N/A
|Ocean Resort casino||$308,409||$481,491||-35.95%||$-||N/A
The full report is available here.