The numbers don't lie. August figures indicate that the New Jersey online gambling market is not only booming but continues to grow. In sight, there seems to be nothing to stop the industry from succeeding.
August was a thrilling success for Garden State from the perspective of an online gambling operator - and for the politicians who backed the bill in 2013.
Online gambling broke records in August
The online gambling market in New Jersey ended the summer with a bang. The state raised a record $ 60.3 million in revenues from online casinos including poker, table games, slot machines and sports betting.
The record month is another proof that online gambling is booming not only at Garden State. It also helps to power the land-based casinos that host the state-of-the-art online casinos.
Revenues increased last month by $ 7.08 million compared to the same month 2018. This is an increase of almost 9% year-on-year.
Where does the money come from
With $ 60.3 million in revenue in August, the 65% came from online casino games such as blackjack and slot machines. Last month, virtual casinos were earning $ 39.39 million.
Sports betting, now in its first full year in New Jersey, also had a great month, grossing $ 19.2 million in gross revenue in August.
On the other hand, poker did not do so well again. August was another disappointing month for online poker sites as they generated just $ 1.71 million in revenue, which is just 2.8 percent of the overall pool.
Online poker still struggles every month in New Jersey. And this is somewhat surprising to many who thought that when PokerStars, the world's largest poker site, entered the market in 2016, the state's online poker industry would continue to grow. However, this did not happen, even though poker is a popular game in this state. It seems that most poker players in New Jersey are more interested in playing at traditional casinos than online.
But it's also clear that gamers as a whole surely love taking action online. It just so happens that poker is not their favorite mobile game. Slots and sports betting, however, are certainly popular at online casinos.
The division of a casino into a casino
There are seven online casinos in New Jersey, with the exception of the bookmakers. Last month, they achieved a gross income of $ 41,101,587. This includes poker, table games and slot machines.
Only three of these casinos offer poker - Resorts (PokerStars), Caesars (WSOP.com) and Borgata (Partypoker). Additional casinos - Golden Nugget, Hard Rock, Ocean Resort and Tropicana - focus only on table games and slots.
The Golden Nugget, as it did in most months, dominated the market with $ 14,986,416 in gross revenue last month. His closest competitor, Resorts World, fired $ 7,447,488. Borgata came in a close third with the 7,134,339 $, followed by Caesars (4,965,364 $), Tropicana (4,061,515 $), Hard Rock (2,134,843 $) and far behind Ocean Resort (371,622 $).
Caesars Entertainment, owner of the World Series of Poker and WSOP.com, was the most successful poker site in August with revenues of 704,294 $. WSOP.com New Jersey merged with Nevada to share the player pools in 2018 and is the only poker site in the state to do so as Nevada has only one legal poker site.
Even better days?
August was certainly a flagship month for the country that set records. However, the New Jersey online gambling market could set even higher records in September and the coming months.
Due to the recent football season, online bookmakers should grab some serious money this fall. The off-season sports betting is during the summer months when Major League Baseball is the only major sport in action.