December was another good month for online gambling operators in New Jersey and a fitting exclamation point on a record-setting year of revenue for the Garden State.
NJ online casinos and poker sites won a combined $49.3 million in December, rattling off a string of six straight record months to end the year. NJ online sportsbooks added another $29.4 million to bring December’s total haul to almost $80 million. Data comes from the latest report published by the NJ Division of Gaming Enforcement.
For the calendar year, online gambling operators in the Garden State won well over $700 million across all verticals, including more than $460 million from online casinos alone.
Here’s what stands out from the December 2019 numbers for online casinos and poker sites:
As usual, Golden Nugget topped the charts in December. Its online casino revenue of $17.3 million represents more than one-third of the total market, though it did see a noticeable decline from its November record. Chalk it up to holiday promotions, perhaps?
Resorts went wire-to-wire in second place in 2019, including a record win of $11.95 million in December. Its rise through the ranks began with the addition of DraftKings Casino in late 2018, and it is so far the only other network that has crested eight figures in any month — doing it thrice, in fact.
Borgata is getting close, though, setting its own records in three straight months to conclude 2019. Its December revenue of $9.2 million indicates that it’s at least keeping pace with the growth of the leaders.
Revenue / ∆ Monthly / ∆ Yearly:
Despite having 31 days to operate, online casinos fell just shy of the record set a month prior in 30-day November. Total revenue came to $47,593,143 in December, finishing the year within reach of a significant milestone. Perhaps January 2020 will be the first $50 million month for any online gambling product in the US?
Poker was, for once, a highlight of the report.
NJ online poker revenue rose more than 16% from November, reaching its highest mark ($1,734,814) since July. Perhaps bolstered by the recent launch in neighboring Pennsylvania, all three of NJ’s networks showed good growth in December.
Still, a broader view reveals a game that is barely half as profitable as it was in 2014, and still on the decline annually.
As is the case on the casino side, sports revenue has become fairly predictable from month to month.
NJ online sportsbooks wrote $488 million in tickets in November, yielding a combined win of more than $25 million. Both of those numbers represent close to 90% of all legal sports wagering in the state, though the brick-and-mortar FanDuel Sportsbook continues to profit from its prime location near New York City.
In the yearlong view, online sports betting was a $240 million industry for New Jersey in 2019, generating more than $40 million in taxes for state and local coffers. See more of December’s data at Legal Sports Report.
|Dec. 2019||Nov. 2019||∆ Monthly||Dec. 2018||∆ Yearly|
|Golden Nugget casino||$17,292,907||$18,934,909||-8.67%||$10,178,563||69.90%|
|Hard Rock casino||$2,218,352||$2,169,113||2.27%||$1,322,747||67.71%|
|Ocean Resort casino||$102,637||$549,740||-81.33%||$478,717||-78.56%|