Figures skyrocketed last March. Online casino and poker generated an astounding $25.6 million! In fact, it was the best month in the five-year history of NJ’s online casino industry by more than $3 million. So what’s happening? The previous highest-grossing month was February, so it’s obvious people have been playing more and more. Could they be trying to beat those winter blues?
In fact, over the past five years, revenue has increased steadily by about $4 million each year. This is mostly due to casino games, which are going up 21.1% each year. Poker, on the other hand, has seen a big decrease of 12.7% per year. But hope is on the horizon as you know.
The biggest winners
A small dip in revenue at the Golden Nugget
Golden Nugget is the undisputed leader in online casinos, even though its figures were actually down a bit. In fact, the Golden Nugget was responsible for about one-third of March revenue. March was the first time the casino surpassed $8 million in a month. And last December was the first time it made as much as $7 million. This goes to show how well it’s doing.
Ceasars going up!
It was also a notable month for sites under the Caesars license. Indeed, Caesars was the only licensee to post double-digit growth month over month. It’s interesting to watch how Caesars attains such radical changes. Remember when it was in the gutter not that long ago? Well, this month it made $4.5 million, shooting it up to second place. Caesars’ WSOP/888 poker networks are down in the last place, however.
Resort and Tropicana
Resorts AC isn’t doing so badly either. Its $3.5 million in casino revenue was a new record for the brand. Tropicana, on the other hand, saw a 4% decrease in its revenue compared to last month. Could that be because it’s in transition? Let’s not forget Tropicana just became an Eldorado Resorts property… And the recently concluded transaction could have impacted this month figures of course.
Stay tuned for more financial updates!