he New Jersey Division of Gaming Enforcement has published its monthly figures for the state’s online gambling operators who collectively experienced a slight fall in gross revenue throughout May. Between them they generated a total of $52.09 million in online poker, casino, and sports betting gross revenue, down by 1.8% compared to a total of $53.08 million in April.
Sports betting revenues are still led by FanDuel Sportsbook — Sports betting revenue reports under Meadowlands Racetracks —, and online casino revenues continue to be led by the group of sites under Golden Nugget Casino. Online casino gaming win was $36.54 million, while online sports betting win hit $13.75 million and online poker win stood at $1.79 million.
New Jersey online gambling operators saw a slight dip in revenues in May as the sports season moved into one of the slowest periods of the year. However, despite dropping sports revenue, May marked the second largest online casino revenue month since market inception.
Gross revenue growth on casino games was led by operators under the umbrellas of Golden Nugget Online Casino and Resorts Online Casino. Golden Nugget's $14.07 million reporting includes gross casino game revenues from Golden Nugget Online Casino and SugarHouse Online Casino, to go along with both Betfair Online Casino and FanDuel's online casino players. Resorts Online Casino's $7.28 million gross casino games revenue comes from play at DraftKings, Mohegan Sun Online Casino, Resorts Online Casino, and PokerStars, which was a jump up from the previous month as they continue their growth into 2019.
"It's encouraging to see sustained online casino growth in Q2 as we lead into the slow betting & online casino months of the year. This just proves the power of sports betting as a key factor in building up online casino play. The big story ahead will be with Pennsylvania, who launched online sports betting last week and should have online casino in market by the end of July. It will be a big year for the online gambling industry in America," said BonusSeeker.com Managing Editor, Rich Migliorisi.
New Jersey's retail and online sportsbooks have generated nearly $3 billion in bets and nearly $200 million in revenue in the 12 months since legal sports betting officially launched in June 2018. And by collecting $318.9 million in May bets, New Jersey appears poised to surpass Nevada in monthly handle for the first time, according to analysts for PlayNJ.com.
New Jersey's handle in May was up 1.7% from $313.7 million in April, according to official reporting released Wednesday. New Jersey's online and retail sportsbooks have now accepted $2.9 billion in bets in the 12 months since launch. New Jersey's May could top Nevada's, which will not release its May data until later this month. Nevada generated a $315.5 million handle in May 2018.
The May handle generated $15.5 million in revenue, down from $21.2 million in April. New Jersey sportsbooks have now generated a win of $94.1 million and $16.5 million in tax revenue for the state since launch. Online sports betting accounted for $263.6 million, or 82.6%, of May's handle.
FanDuel Sportsbook/PointsBet generated $7.9 million in online gross revenue, down from $8.8 million in May, to lead the online market. FanDuel Sportsbook at The Meadowlands continues to lead the retail market, too, posting $796,469 in May gross revenue, down from $3.3 million in April.