The December 2019 revenue numbers released by the New Jersey Directorate of Gaming Enforcement (NJDGE) shows decisively the popularity of online gambling in the Garden State. NJ’s combined online casino and sports betting revenue for the month reached $78.73 million, a slight decline from November’s $82 million haul.
Online casino revenue rises, sportsbooks fall
Combined online casino and poker revenue came in at $49.3 million, compared to the $49.1 million posted in November. Online sportsbooks in NJ saw revenue drop-off to $29.4 million from $32.9 million for the month. The holiday season may have played spoilsport, even as Super Bowl LIV ensured brisk business at sportsbooks. Ten states with legal sports betting reported nearly $270 million in Super Bowl betting handle. Of this, New Jersey netted $54 million in bets, a 55% increase from 2019’s total. However, NJ’s 19 sports betting applications and 10 sportsbooks lost $4.28 million, for a negative hold of 7.8%.
A strong show by sportsbooks for the year
NJ’s sports wagering gross revenue for December 2019 was 41.1% higher over the same period last year. Internet gaming win for the month soared 70% over December 2018. The contribution of sports betting to the combined revenue is significant and could be a positive sign of things to come.
- Online casino and poker revenue: $49.3mn, topped November’s record
- Standalone online casino revenue: $47.6mn, fell negligibly over November’s numbers
- Standalone online poker revenue: $1.7mn, a double-digit percentage increase
- Gross online sports betting win: $29.4mn, predictably high but less than November’s haul
Online gaming revenue for December at NJ casinos
Golden Nugget had yet another stellar month after a slew of record-breaking months for the year. In September, the online casino’s gaming revenue exceeded $16 million, a steady rise from the $14.89 million total in July, when it set a record.
Resorts Digital Gaming grew its revenue to nearly $12 million, no doubt its partnerships with DraftKings, FOXBet and Mohegan assisting the climb. Though shy of $10 million, Borgata Online Casino’s December revenue put it in the top three NJ online casinos for the month. Borgata has a partnership with Pala Casino, PartyPoker, and BetMGM, and together they form one of New Jersey’s largest poker networks.
Tropicana Atlantic City and Caesars Interactive Entertainment posted revenues in the ballpark of $4 million. Online casino technology provider Spin Games recently announced that it had collaborated with Gamesys Group plc to provide its solutions to Tropicana’s casino website. Games slated to be supplied will include Ripley’s Believe It or Not, Crazy Money 2 and Raiden.
|Casino/Sportsbook||December 2019 revenue|
|Golden Nugget Online Casino||$17,292,907|
|Resorts Digital Gaming||$11,948,495|
|Borgata Online Casino||$9,231,605|
|Caesars Interactive Entertainment||$4,467,828|
|Tropicana Atlantic City Online Casino||$4,066,133|
Hits and misses for NJ’s online sportsbooks
A few of the state’s sportsbooks booked losses in December, while others continued their strong show. FanDuel posted more than $14 million in December revenue. PointsBet’s U.S. revenue for the quarter ending December 2019 came in at $75.7 million, with NJ revenue at $67 million, up 81% on the previous quarter. Revenue growth at DraftKings Sportsbook NJ and FOX Net NJ, housed by Resorts Digital, also remained stable.
Meta Title: NJ’s Online Casino and Sports Betting Revenue Reached $78.7mn December
Meta description: NJ’s online casino and sports betting revenue combined for a total of $78.7 million in December 2019. Sportsbooks were slightly down on account of the holiday season.