New Jersey set new all-time high thanks to online gambling
As Atlantic City’s 9 brick and mortar casinos began to welcome patrons back on their floor, a new message was about to echo loud and clear. Read more about record highs in New Jersey online gambling.
Indeed, land-based casinos may have lost their appeal due to the current health crises. Yet, the online gambling vertical has never been this strong, setting a new record for internet gambling wins worth $118.68 million. Essentially it’s a revenue increase by $31.2 million if you compare July 2021’s intake with the same period of 2020.
What’s more, while online gambling revenue reached new heights, the total internet wins also increased by 70.4% YOY, according to the DGE. In other words, the 9 casinos cumulatively generated $450.6 million across all verticals, which is a massive jump compared to July’s 2020 intake of $264.5 million.
But who are the biggest winners? And who’s taking the pole position on the earner’s board? Let’s find out.
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Borgata takes the lead again and Golden Nugget takes second
The Borgata might have lost its lead to Resorts Digital in June 2021. But in July, they were undeniably happy their total internet win added up to $36,464,340. So, over $2.5 million more than the Golden Nugget Online Casino, who ranked second last July with $33,504,559 worth of internet win.
So for the Borgata, there’s undeniably a great reason to celebrate when looking at the figures. But surely, Melonie Johnson would have highlighted to her team that it’s not just July’s figures that are worth celebrating. Indeed, Borgata more than doubled its internet intake in 1 year. Plus, they contributed $10,805,751 to the state’s tax coffer, further beefing up the Garden States’ means to help folks.
By the way, did you know that Borgata launched the Interblock Stadium yesterday? The Stadium consists of 24 gambling terminals, 3 live dealer tables, and a 22-foot wall showcasing 24/7 action.
New Jersey Online Gambling – Resorts Digital drop in 3rd place
Sure, Resorts Digital has dominated the revenue chart of June. But in July, they couldn’t maintain their lead when it came to internet gambling win, having generated $23,295,171. Now in anyone’s book, that would be great. But since Borgata doubled its figures YOY. So it might be hard for them to be happy with a 21.74% increase, YOY.
We can also expect Resorts Digital’s online revenue to decrease if DraftKings still uses the Nugget’s license once the buyout is complete. Currently, DraftKings uses Resorts Casino Hotel Atlantic City’s online gambling license. But it’s hard to say what will happen to that given the current deal with Golden Nugget Online Casino.
More industry stats and trends for sportsbooks – what’s generating the most money?
It’s true that savvy casino players should look at the revenue chart to know where other patrons play nowadays. Yet, another exciting stat the DGE provides in its report is the “Industry Completed Events Win and Handle Statistics Breakdown by Sport.” This report, while containing only a few lines, indicates what players are gambling on. So, what did gamblers wager on last July?
Well, it seems that most of the casinos’ intake was on Parlay. Last July patrons put on $226,305,095 and out of those wager $1,223,064,261 are settled. This means there’s more than $100 million in pending events that’ll affect the following months’ figures. Football contributed towards 6.1% of the casino’s wins, while basketball and baseball generated 4% and 4.2% of operators’ intake.
New Jersey Online Gambling – Could August bring a new all-time high for New Jersey’s online gambling industry?
Without a doubt, with the return of the regular sports betting calendar, operators are in great shape to beat July’s figures. But they’re other factors than sports events and games that may affect the operators’ chances at setting a new record. Indeed, seasonality always has an impact on internet gambling. So, when it’s hot, people typically prefer to spend time at the beach naturally. But, some online gambling operators’ saving grace might be their excellent smartphone app. After all, when you love the game rain or shine, there’s always fun to have online.
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