New Jersey online gambling market posts November gains

Figures released by the New Jersey Division for Gaming Enforcement Wednesday showed that the state’s licensed online gambling operators achieved y-o-y revenue growth of 30 percent at $17.2 million in November, just short of the all-time record set in July.

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The main contributor was the online casino vertical, which delivered revenues of $15.1 million – up 34 percent year-on-year, with online poker up 6.4 percent at $2.1 million

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The figures brought the year-to-date number to $178.3 million, a y-o-y increase of 32.3 percent.

The Borgata led the operator field in results, reporting GGR of $3.8 million, but the company only just pipped Golden Nugget, which in recent months has topped the list. Caesars Interactive was third on $3.36 million and Resorts sat at fourth on $3.2 million despite including Pokerstars in its results. Tropicana fell just short of $3 million in its revenues and was last.

The positive online month helped bolster a still-struggling land industry, where the seven Atlantic City land casinos that remain active reported total GGR of 180.1 million, down almost 6 percent year-on-year and bringing the total year-to-date brick-and-mortar casino GGR to 2.22 billion – down 1 percent compared to the same metric in November last year.

Adding in the $17.2 million from online gambling, total gaming win was down 3.5 percent year-on-year at $197.3 million in November 2016.