NJ Online Casinos Finish Record-Setting Year with $49M Revenue Month

While all the media attention in New Jersey is on legal sports betting, the online casino industry has made some big strides of its own in 2019. With many operators offering NJ online casinos within the sports betting apps, it allows many New Jersey residents and visitors to gamble online with their favorite slots, table games, and more. December 2019 was another good month for online casinos in New Jersey, as the latest from the New Jersey Division of Gaming Enforcement (NJDGE) reported with its latest press release.

Let’s look into the numbers.

Online Casino Revenue – December 2019

Based on the report from the NJDGE, New Jersey’s Online Casino revenue combined for $49.33M in December, which was a tad higher than the $49.1M in November. Growth is key here, as this makes it a full six months with a new “record” for revenue. These numbers include online poker, which is a very small amount of the total.

As you can see, there is a massive growth year over year here. 70% increase from December 2018 to December 2019 is massive, with an increase of over $20.3M.

NJ Online Casino Sets Record in 2019

After the numbers discussed above in December 2019 since 2018, it closes out a tremendous year of growth for New Jersey online casinos. Let’s take a look at some of the numbers.

After a great December, the entirety for 2019 comes to a massive $482.7M. With 2018 being “only” $298.7M, this is a growth of 61.6%, or a total of nearly $184M. If you combine this with how online sports betting did in 2019, it reaches a combined number of over $780M in 2019. That is a lot of money, which generates a lot of taxes for the budget in New Jersey.

Golden Nugget Leads the Charge

Amongst all the casinos that offer online gambling, Golden Nugget Online Casino continues to be at the top of the leaderboard. Golden Nugget reported $17.29M in revenue, which tops all online casinos for the month of December, and Golden Nugget is reporting a massive $177M in revenue for 2019. That is over a third of the overall online casino revenue in New Jersey.

Resorts Digital (DraftKings Casino NJ) is reporting just under $12M in revenue for December, and the Borgata Online Casino (BetMGM) is right behind at $9.2M. Here’s a look at how each of the New Jersey Online Casino’s revenue looked in December 2019, and in 2019 for the year.

With a great 2019 in the books for online casinos in New Jersey, 2020 promises to be another year of growth.