New Jersey Records Another Record Breaking Month For Online Gaming Revenues
Online gambling revenues in the state of New Jersey have seen record numbers in the last few months. This pattern is set to continue and grow even further with the introduction of sports betting in the Garden State.
According to the latest figures from the New Jersey Department of Gaming Enforcement online casino and poker revenues generated $24.3 million for the month of May. This is the second highest month for New Jersey and follows the record $25.6m reported in March.
Internet gambling now stands at $116.9 million for the year which is an increase of 15.55 from the same period last year. The top casino earner again was the Golden Nugget who passed the $8 million mark for the third consecutive month. May saw reported revenues of $8.6m for the Golden Nugget which is a massive increase of 45.4 percent year-on-year.
Borgata came in second place with $4.6 m for May which is a 31% increase from the same period last year.
Caesars recorded $4.1 million in May which is a 12.4% increase from the same period last year. With the PASPA decision overturned by the Supreme Court, online sports betting is expected to be available in the coming weeks for New Jersey residents which will boost casino revenues. The Resorts AC has signed a deal with DFS operator DraftKings to run its sportsbook which will certainly give a boost to revenues on the long run. Added to that Ocean Resorts Casino is also set to start offering sports betting that will be powered by William Hill.