With just over a month into the new year, the recently opened New Jersey online gambling market has managed to achieve yet another record. Operators within the state have reported a whopping $33.59 million in online casino gross gaming and $1.88 million in online poker gross gaming in January of 2019. This is the fourth month in a row that New Jersey iGaming sites have surpassed their all-time record.
Golden Nugget Leads the Ranking
The Golden Nugget online casino has managed to take the lead once again. The whole Golden Nugget Online Casino Group are attributed to leading the position with total accumulated revenue of $12.18 million. SugarHouse Casino Online, as well as Betfair Casino and the excellent cross transfer of its players to the FanDuel sportsbook, are responsible for the group’s success.
Other Online Gambling Licensees
In second place, Resorts Digital Gaming has managed to establish its collection of online operator platforms. Their revenue estimates go as high as $6.44 million, just enough to keep them firm into the runner-up position. The Resortscasino.com, MoheganSunCasino.com, FanDuel, and PokerStars have all been licensed under this brand, and serve as main contributors to solidifying their role.
A small difference in Borgata and Caesars revenues separates third from the fourth position, proving that both brands offer top-three quality service in the state.
Revenue by the Numbers
Based on the online revenue figures reported by the New Jersey Division of Gaming Enforcement, online casino operators had their best month to date. Take a look at the following ranking of online casino revenue in January 2019.
|Ranking||Online Casino||2019 Jan. Revenue||2018 Jan. Revenue||% Change|
The New Jersey Online Gambling Industry
Since it’s launch in November 2013, the online gambling revenue in New Jersey has increased year-to-year. According to the numbers, the New Jersey online casino segment with $33.59 million revenue isn’t the only one growing.
Online poker has additionally boosted the revenue stream, and poker rooms have managed to contribute up to $1.8 million in gross poker gaming wins for the month of January. A total of$33.59 million for NJ online casino and poker gambling activities is definitely indicative of growing interest in the industry.
Ultimately, the same has been proven by $15.5 million in sports betting revenue across all kinds of betting platforms and exchanges. This has made the total online gambling revenue for the month of January rise all the way to an astonishing $49.09 million.
What Does It All Mean?
It is rare to note such massive progress in a new and developing industry, yet online gambling has had the upper hand of being present prior to its legalization. As a result, interested players are only offered better gambling terms – bonuses, game collections, and protection – inviting them to more lavish gameplay.
This tendency is evidently causing progress within the New Jersey iGaming industry. according to recent projections, the same may be true of unsure markets looking into and weighing in the benefits of legalizing the industry. Rich Migliorisi, Managing Editor, and BonusSeeker.com, suggests the same:
If the market continues to head in this direction, the total online gaming revenues for 2019 will be between $600-$700 million, which is beyond most people’s expectations for the first year of sports betting. These strong results will most likely increase the pace of other states’ race to regulation.