Ninth consecutive month of online revenue in excess of $20 million
The New Jersey Division of Gaming Enforcement (DGE) issued the November performance figures for Atlantic City casinos late Wednesday, reporting that overall revenues were up 4.6 percent y-o-y at $206.4 million last month, compared with $197.2 million a year ago.
Internet gambling was again the star of the show, delivering revenues up 20 percent year-on-year at $20.6 million – the ninth month running that revenues have topped $20 million. Online casinos accounted for $18.8 million – up 24.6 percent year-on-year, whilst online poker again failed to impress, declining 13.1 percent y-o-y to $1.8 million – almost the worst performance since 2015.
Since online gambling was legalised in New Jersey in November 2013, internet operators have generated over $700 million in revenue and are on track to reach the billion dollar benchmark some time in 2018. Through 30 November, New Jersey’s online casinos have now generated a record $224.85 million in annual gross revenue, and $701.7 million since the industry’s inception.
Thus far in 2017, New Jersey’s online operators have averaged $20.4 million per month in gross revenue, with the best month so far March at $21.7 million.
New Jersey online operators paid $3.6 million in taxes in November, pushing the YTD collection to $39.3 million. Since New Jersey legalised and regulated online gambling, the Garden State’s online casinos have generated $122.8 million in tax revenue for the state.
The Golden Nugget continued to lead Atlantic City’s internet gambling market in November, winning nearly $6.2 million, an increase of nearly 63 percent over last year. It is followed by the Borgata at $4.2 million (up 12 percent). Resorts Digital, Caesars Interactive-NJ, and Tropicana all were closely clustered within the $3.5 million to $3.2 million range.