Despite poker wet-blanketing the numbers, New Jersey’s online casino market still had its second-best month in April. In terms of revenue gains YoY, operators continue to flourish. According to the state’s Division of Gaming Enforcement, licensees generated $36.6 Million last month. Which, is well above the $30 Million bar set back in January. Plus, the figures reveal close to a 59% improvement from the same period a year before. However, numbers could dip as we’re entering the summer months. Because the truth is online casinos are generally speaking heavily affected by the sunny days.
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Overall, NJ’s online revenue is up 52.4% to $141 Million YoY. And all thanks to sites like the Golden Nugget, Betfair Casino and PlaySugarHouse. All in all, they collectively pulled in a total of $13.85 Million. Sadly, they came up short $300,000 from beating the record set back in March. Due to online poker slipping across the market, revenue was down 2.5% to $7.2 Million. As a result, operators will have to settle for the second-best month in NJ history. However, with huge daily tournaments going on at Borgata Poker, we might soon see a shift in a positive direction. Not to mention, the Borgata Summer Poker Open is right around the corner.
Last but not least, Caesars Entertainment drives in a total of $4.6 Million in April. Which, is quite impressive as a stand-alone operator. Additionally, they led the online poker market with more than $718,000 in revenue. In brief, last month’s number reveals that the New Jersey online casino vertical is growing and showing no signs of slowing down. In fact, we expect these numbers to soar to new heights in the coming months. So stay tuned as the upcoming report is currently in the making and could potentially break the standing revenue record.