Resorts Casino entered the New Jersey gaming industry in 2015 and currently has 15% of the market share as we finish 2018, online gambling statistics show. It seems like Resorts Casino is planning to be a strong presence, displaying impressive growth and increasing revenue each year in a more mature and competitive market.

Nj Online Casino Reviews
Nj Online Casino Revenue System

05 March 2020

Revenue totals: November 2018 total online gambling revenue: $26,944,073; November 2018 total online gambling revenue w/ sports: $41,390,643; Online Casino Key Takeaway. October’s breakthrough being a premiere to set an advancing tone for NJ online casino’s momentum, rubbed off a back-to-back streak for the following month, accumulating $25.
Looking at March 2020 compared to March 2019, New Jersey saw a revenue boost of $23M, and growth of nearly two-thirds. If you add online poker revenue to online casino revenue, there was a jump of 65.6% in total online casino revenue compared to last March. NJ Bettors Turn to Online Casinos Amidst COVID-19.
In January 2019, after sitting in the $20 million range for two years, New Jersey online casino revenue hit the $30 million mark. It hasn’t looked back since. This January, NJ online casinos earned well over $50 million for the first time.
NJ online casinos are rigorously tested and monitored. Legality Sites that aren’t regulated by the state of New Jersey that take your bets are breaking the law – and you may be breaking the law by gambling at them. Supporting legal online casinos also helps to benefit the local casino, as opposed to shipping money to offshore operators.

The January tax report for the NJ online casinos have been released and show continued growth for the online casino industry as a whole. However, some brand shows a standstill, or even decline in online casino revenues.

Golden Nugget Holds the Throne

The big leader of the pack is still Golden Nugget, who with their brands Golden Nugget NJ, Betfair, PlaySugarhouse NJ, and BetAmerica reported a gross internet gaming revenue of $21.2 Million, which is an increase of 74.1% compared to the same period last year.

The biggest revenue growth since last year was made by Borgata, who grew by 118.7% since the same period last year, from a revenue of $4.7 Million to $10.4 Million.

Caesar’s and Ocean Falls Behind

Almost all other brands are showing healthy growth, except Caesars Interactive, with the partnering brands Caesar’s, Harrah’s, WSOP.com, and 888.com, was the only casino in New Jersey that showed a decline of 7.4% in internet gaming revenue from $4,6 Million in January 2019 to $4.2 Million in January 2020. The partnering brands Caesar, Harrah’s, WSOP.com, and 888.com.

Ocean Resort stayed at the same level of revenue as last year, growing only 0.1% to an internet gaming gross revenue of just $531,343. Their land-based casino and sports wagering revenues still show growth, which indicates that their online casino business might not be their focus at the moment.

Industry-Wide Growth

In total, the industry-wide New Jersey gross internet gaming revenue grew to $55.1 Million in January 2020 from $33.6 Million in February 2019, which is a growth of 64.0%. Internet gaming is still a bigger industry than sports wagering with a gross revenue of $24.4 Million in January. However, sports wagering has a higher growth rate, growing 139.9% compared to the same period in 2019.

The gross online casino revenue leads to a large tax income for New Jersey, where online gambling contributes with $8.3 Million in taxes, compared to the land-based tax total of $13.6 Million. A very welcome tax contribution to the state!

June 17, 2020

Nj Online Casino Reviews

The closure of many live casinos in New Jersey during the Covid-19 pandemic has been beneficial to online casinos located in the state. New Jersey once again posted record revenues for online casinos in May 2020. Some are hoping this is a trend that will continue after the live casinos have reopened.

Almost $86 million was wagered in New Jersey's online casinos during the month of May 2020. The majority of money was bet on table games and virtual slot machines. These games are preferred by online players in New Jersey.

Sports betting revenue also increased. This comes as a mild surprise given that most live sporting events were either delayed or cancelled as a result of the pandemic. Online poker revenues were up 150% during the month, another impressive stat. Online gambling across the board has experienced a boom in New Jersey.

What do these numbers mean for both live and online casino gambling in New Jersey? Some believe that many players will continue to play online gambling games once the live casinos in the state are open again. Others hope that online gambling has brought new players to the games offered by live casinos. Both scenarios are positive for gambling operators. Most online gambling sites in New Jersey are affiliated with a live casino venue.

Nj Online Casino Revenue System

Online gambling could become more attractive in the coming months as online casinos and sportsbooks compete for player action. This will likely mean more attractive bonuses for players to take advantage of in the months ahead.