Impressive Revenue Results for New Jersey Casinos
Expertise: Online casinos, games & trends
The anticipated upturn with online casinos in New Jersey is starting to materialize, according to September revenue reports.
The state’s gross gaming revenue for September was $122.6m, which is up a staggering 29.9% from the same period last year.
$120.1m of the revenue came from online casino games, whilst the remainder was generated from online poker.
BetMGM/Borgata generated the largest share of casino and poker revenue at $38.2m, whilst Golden Nugget and Resorts Digital generated $31.1m and $28.3m, respectively.
Acceptance of online casino gambling accelerated during the pandemic, and it has left the industry with its most consistent revenue driver. There was once a fear that online gaming would sap Atlantic City of its appeal. But as retail gaming slowly returns to health, it shows that the industry is stronger with a diverse revenue stream from online and retail casinos and sportsbooks.
Online sportsbooks also fared well during September, with total wagering of $918.4m throughout September Meadowlands, FanDuel, PointsBet, and SuperBook leading the way with $36.6m in total revenue, which was up from 23.6m in August.
David Danzis added that wagering on football is a vital component for any sportsbook to be successful and that New Jersey, in general, has now become a market with no equals.
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