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November was another month worth bragging about for online gambling operators in New Jersey.
NJ online casinos and poker sites won a combined $49.1 million, posting a new record for the fifth consecutive month. NJ online sportsbooks added another $32.9 million to bring the total revenue past $80 million across all verticals.
Data comes from the latest report published by the NJ Division of Gaming Enforcement.
Here’s what stands out from the November numbers:
If you’ve been monitoring the market trends for any length of time, you can probably guess which operator topped the charts.
Golden Nugget continues to pace the competition, racking up $18.9 million in online casino revenue for the period. That’s another record, up from its previous high of $16.6 million a month ago.
The gap back to second place is wide, but Resorts seems to have established a new baseline in recent reports. Its network reported combined revenue of nearly $11 million in November, broaching eight figures for the second consecutive month.
Borgata once again finished as the bronze medalist, recording a win of $8.2 million across its casino and poker products.
Revenue / ∆ Monthly / ∆ Yearly:
The $50 million milestone is well within reach, a number that would have been unthinkable not so long ago. The mid-2018 launch of regulated sports betting coincides with a remarkable surge in monthly revenue.
The numbers speak for themselves. After reaching $30 million for the first time earlier this year, online casino revenue has now topped $40 million in four consecutive months. Year-over-year growth of 88% is nothing short of astounding.
And then there’s poker, which has struggled to sustain its viability for several years now. The November launch of PokerStars in Pennsylvania may have dented the numbers even further, with the three NJ online poker networks slipping 9% month-to-month.
It was a big month for NJ sportsbooks too, combining for a record $538 million in handle. The platform breakdown is growing increasingly lopsided too, with 87% of wagers coming in via the internet.
FanDuel Sportsbook continues to set the pace for the market, responsible for the majority of the $12.2 million in November revenue under the Meadowlands license.
Read more into the NJ sports betting data on Legal Sports Report.
|Nov. 2019||Oct. 2019||∆ Monthly||Nov. 2018||∆ Yearly|
|Golden Nugget Casino||$18,934,909||$16,625,086||+17.69%||$9,208,190||+105.63%|
|Hard Rock Casino||$2,169,113||$1,811,372||+23.74%||$1,314,597||+65.00%|
|Ocean Resort Casino||$549,740||$543,043||+4.61%||$731,887||-24.89%|