June gave New Jerseyís online gambling market yet another active month. In fact, numbers released by the New Jersey Division of Gaming Enforcement (DGE) shows an improvement of 67.8% compared to the same month last year.
This represents a sum of $38 Million in total across all of the state’s online gambling licensees. However, it was down about $300K compared from May 2019. But as poker displays a rare year-on-year improvement, it seems that the trend is universal. The direction is clear, and it is showing no signs of stopping anytime soon in the Garden State.
Poker in a small vertical climb
The online casino vertical had an even better performance with an increase of almost 75% from last year. All in all, this amounts to about $36.3 Million. The poker vertical had a revenue of only $1.77 Million and an increase of a measly 0.7% so no significant advancements here. Overall, with all forms of online gambling included, the numbers are up about 55.8% compared to last year.
New Jersey online gambling, therefore, made an impressive $217.4 Million. And this is right on schedule to break the $298.7 Million earned in its fiscal year 2018. So, it’s fair to say that the prognosis is looking good in the end. And even better for Poker who certainly benefited from the delay of the enforcement of the wire act and the WSOP too.
Golden Nugget still the reigning champion
If we are speaking about individual casinos, they have also seen an increase in revenue of this caliber. In fact, the Golden Nugget family of sites saw an increase of 62.5% or $13.6 Million compared to last year, which means that they are well above the overall growth of 55.8%. Resorts Digital, including brands such as PokerStars saw an even more outrageous boost with an increase of 106.3% or $6.93 Million, with $537K of which came from poker.
Many others saw this exact trend, Where Borgata produced revenue of $6.03 Million. Although poker only contributed to $372K to the total. But the most surprising casino is Caesars. They claim that poker stood for $862K from their $4.96 Million in revenue. These numbers are making the future of online poker and gambling as a whole very bright indeed.