New Jersey online gambling flourishes Believe it or not, online gambling has been a mainstay in New Jersey for going on seven years. No month, however, has ever been as prosperous as March 2020. Online casinos and poker operators reported a jaw-dropping $64.8 million in revenue. New Jersey online poker generated $4.5 million in rake, down 12 percent from its record-setting April, but still up 151 percent year-over-year. While many state governments that rely on gambling for revenue were struggling, New Jersey still collected $14.2 million in tax revenue.

• New Jersey Online Casino Revenue Codes
• New Jersey Online Casino Revenue Codes
• New Jersey Online Casino Revenue
• New Jersey Online Casino Revenue Refund
• Tropicana Online Casino

The New Jersey Department of Gaming Enforcementreleased the May 2019 revenue numbers for the state’s gambling industry earlier this week. They told a prevalent story, namely that some operators are flourishing, but others are struggling to even stay above water.

FanDuel flies high for New Jersey revenue

Concerning sportsbooks in New Jersey, there is one clear winner. The FanDuel Sportsbook at Meadowlands led both online and retail sports betting by a wide margin.

In fact, FanDuel’s haul of nearly $7.9 million for the month accounted for roughly half the total revenue on sports betting, retail and online combined. Its roughly $800,000 in revenue for retail eclipsed its nearest competitor by more than a quarter of a million dollars.

FanDuel (and Meadowlands) unmistakably benefits from its location in the extreme northern portion of New Jersey. The track is a short drive across the bridge from New York City and, no doubt, it derives much of its customer base from the Big Apple.

One thing to watch is how New Yorkers respond to the newly active sports betting in their state. About a week ago, lawmakers completed their rules for wagering on sports at the state’s four commercial casinos.

For right now, FanDuel should remain on top, since New York‘s rules do not provide for online play. However, it is not hard to forecast that the book has a test of customer loyalty looming in its future.

New Jersey Online Casino Revenue Codes

Other key New Jersey sports betting revenue notes

The other company that tasted notable success last month was FanDuel’s rival, DraftKings (and its partner, Resorts AC). The former market leader still managed to hold $4.1 million in online sport betting revenues during the month.

Unfortunately, part of that performance will have to compensate for a net loss on the retail side of the business.

Worse, the retail portion of Resorts’ sports betting operation was not the only facility to experience losses for the month.

Ocean Resort Casino also finished in the red, with losses exceeding $21,000.

Thankfully, Ocean Resort’s online business had a very respectable May. So, overall, the casino’s sportsbook is still making cash for the property.

Still, one clear outcome is that online sports betting continues to expand its grip on the market. In New Jersey, 82.6% of the total dollars wagered on sports are wagered online.

New Jersey online casino revenue

New Jersey Online Casino Revenue Codes

For online casino play, the only concern is to find out what Golden Nuggetis doing. Golden Nugget continues to dominate the online casino market in New Jersey.

At this point, the online arm of the Marina District casino makes nearly twice its nearest competitor in terms of hold. Golden Nugget eased over the $14 million mark this month.

It’s not even a matter of competition with other online sites, really. Golden Nugget is nearly running evenly with some of the land-based casinos, and one of those casinos is the Golden Nugget itself.

New Jersey Online Casino Revenue

The closure of many live casinos in New Jersey during the Covid-19 pandemic has been beneficial to online casinos located in the state. New Jersey once again posted record revenues for online casinos in May 2020. Some are hoping this is a trend that will continue after the live casinos have reopened.

Almost $86 million was wagered in New Jersey's online casinos during the month of May 2020. The majority of money was bet on table games and virtual slot machines. These games are preferred by online players in New Jersey.

New Jersey Online Casino Revenue Refund

Sports betting revenue also increased. This comes as a mild surprise given that most live sporting events were either delayed or cancelled as a result of the pandemic. Online poker revenues were up 150% during the month, another impressive stat. Online gambling across the board has experienced a boom in New Jersey.

What do these numbers mean for both live and online casino gambling in New Jersey? Some believe that many players will continue to play online gambling games once the live casinos in the state are open again. Others hope that online gambling has brought new players to the games offered by live casinos. Both scenarios are positive for gambling operators. Most online gambling sites in New Jersey are affiliated with a live casino venue.

Tropicana Online Casino

Online gambling could become more attractive in the coming months as online casinos and sportsbooks compete for player action. This will likely mean more attractive bonuses for players to take advantage of in the months ahead.