New records for New Jersey online gambling in October

The New Jersey Division of Gaming Enforcement released its October online gambling stats Thursday, reporting more record performances at industry and company level as the market shows little sign of slowing.

Online gambling licensees generated revenue up over 30 percent y-o-y at $26.75 million last month, setting a new record over the previous $25.9 million recorded in July this year.

Online casino revenues rose 34.7 percent to $25.1 million, although online poker continued to disappoint, declining 14.5 percent y-o-y at just $1.65 million.

On a YTD basis, overall revenue is up 19 percent y-o-y at $242.75 million. Online casino revenues so far this year are now up over 20 percent at $224.7 million, but online poker has languished 12 percent at $18.1 million.

At the company level, Golden Nugget continued to be the market leader in October, setting a new company record by delivering revenue of 9.67 million (previous record $9.33 million in July this year) That’s an improvement over the same period last year of $3.5 million.

Borgata was the closest rival, reporting revenue of $4.36 million, and Caesars Interactive Entertainment (CIE) trailed at third with $3.9 million.

Tropicana took the fourth placing in revenue terms, reporting $3.7 million in October, and Resorts Digital-PokerStars posted $3.5 million.

As previously reported, newcomer Hard Rock boasted that after just four months in operation it achieved revenue of $1 million – a 50 percent improvement on its preceding September 2018 month. Finally, Ocean Resort online revenue rose to $595,000.

The much smaller and less populous state of Delaware, by comparison, reported October online revenue up just 8 percent y-o-y at $226,489 in October.