The regulatory body, the New Jersey Division of Gaming Enforcement (NJDGE), presented it’s full June report recently. And they are showing that the 9 casinos in New Jersey, plus the 2 active race tracks indicated an overall decline. However, there were some areas of the business that performed pretty well, despite the current circumstances. And naturally, the most significant drawback was the absence of any type of sporting activity. Still, as most of the Major Leagues have slowly picked up the schedule, things could change drastically for coming reports. Yet, the ongoing sports have suffered some early hurdles to maneuver around. And we simply have to wait and see if they can keep the momentum going. However, let’s turn to the good news instead, the online casino revenues.
Displacements of transactions
But first, for the second month in a row, the figures look almost identical. Where May’s number showed a negative 65.4%, compared on a year-on-year basis. And that was practically the case for June as well, with a reported 65.6%, in the wrong way. Though, if we strictly look at the online casino business. It’s actually good news. It is telling us that, if compared to June last year, the increase was a solid 123%. With and revenue of $84.9 Million ($38.1 Million, June 2019). In fact, that’s 3 consecutive months with a positive spin over 100%. Plus, as most of the casinos in Atlantic City have opened its doors for foot traffic, numbers should soon bounce back to normal.
The good, the bad, the ugly
Indeed, one good news came from Resorts Digital, which saw an increase of 119% from a year earlier, with a revenue of around $21 Million. Although the normal percentage top positioned, Golden Nugget actually took one step back with a negative 1%. But still not too bad in revenue, with $29.2 Million. Other than that, the ugly red figures revealed its face where casinos report stretched from 75% all the way to 99.8%. Where Hard Rock, for instance, positioned themselves right in the middle, with 81%. And it’s getting more evident; If you want to safeguard yourself for unforeseen events, you need to have all the verticals in the business covered.