New Jersey Online Gambling Revenue Continues to Grow

The state of New Jersey’s online gambling market has achieved the year-on-year growth for the month of April – the second highest revenue month. New Jersey’s Division of Game Enforcement published this past Monday that the state’s licensed operators amassed a total gaming win of $23 million, which is 10.6% more than in April 2017 ($20.8m).

This was somewhat less than in March – a historically strongest month of the year for the gambling industry – reaching $25.8 million in revenue. The total gambling revenue in New Jersey (online + land based casinos) was $214.4 million, which is an increase of 1.3% since last year. Currently, the year-on-year online revenue increase stands at 15.5% with total gambling revenue in the state being $96.2 million so far in 2018. The industry casino win for the year-to-year totaled $716.7 million for 2018 compared to $763.5 million for 2017 – a decrease of 6.1%.

The online poker segment is continuing to plummet – it fell by 10.5% to $1.76 million, making this April the second worst month in history. Total gaming taxes for the month of April 2018 were $17.6 million.

Here are some of the key monthly figures for April 2018:

• Online casino revenue: $21,257,358
• Online poker revenue: $1,761,404
• Total online gaming revenue: $23,018,762
• Year to date online gambling revenue: $92,553,436
• Online poker: -10.5 percent
• Online casino: +12.75 percent
• Total revenue: +10.55 percent

Source:

“DGE Announces April 2018 Gaming Revenue Results”, nj.gov, May 14, 2018.