New Jersey Online Gambling Sets Another Revenue Record in Feburary

New Jersey’s once flailing online casinos have booked yet another record month for online gambling revenue. The feat is all the more impressive given the fact that with only 28 days, February is the shortest month of the year. Despite the lack of days, February produced nearly $22 million worth of revenue for Garden State online operators, according to the New Jersey Division of Gaming Enforcement.
More specifically, NJ’s five online casino operators clocked $21.992 million last month. That comes out to be around $785,433 per day. That number tops the previous daily record revenue of $708,463 per day, which was set in January of this year.
All told, New Jersey’s online gambling industry has been settling into some pretty consistent trends in recent months. One of the most consistent of these trends is that the Golden Nugget is the big leader month after month. They posted up $7.9 million in February, which was up from $7.3 million in January. Their closest competitor, Resorts Digital Gaming, Inc., brought in about half that number.
Once again, the Garden State saw casino gaming absolutely dominate the state’s online gaming scene. All told, tables games and slots accounting for a whopping $20.2 million of the $21.992 million February total. Online poker, on the other hand, brought in just $1.8 million across the entire state. That’s down 25 percent from the previous month.
Some takeaways from Jersey’s big month include the fact that online gambling is, indeed, a viable industry in the United States but that new markets should expect a long lead before the big numbers start rolling in. It’s also safe to say that Americans simply aren’t embracing online poker the way they did in the pre-Black Friday era. Whether these trends hold for other populous states (Delaware and Nevada are tough comparisons for New Jersey) remains to be seen but chances are they’ll see similar trends.