New Jersey Online Revenues Up Again in April

The New Jersey Division of Gaming Enforcement released New Jersey's online betting numbers for April, revealing the Garden State pulled in more than $23 million during the month.

The totals show that New Jersey's online market is sustainable as well as profitable, as revenues have eclipsed $20 million for over the last year. The numbers are up 10.6% from the year prior, but down from the $25.6 million hauled in during March. For the year to date, online betting has generated $92.55 million, up 15.5% from 2017.

The Golden Nugget and linked sites like Betfair and PlaySugarhouse were the most profitable, with $8.1 million in revenue, up 51.2% from last year. The Borgata was second with $4.5 million, up 9%. Online poker is down 10.5% to $1.76 million, but those numbers will be boosted soon, as New Jersey launch interstate poker on May 1st, sharing player pools with Nevada and Delaware. The rolling average of players for sites like 888Poker NJ and WSOP went from 70 to 80 players before the shared pools, to more than 200 players afterward.

Sportsbetting will be something worth watching as the year moves forward, as operations are set to launch in early June. It's unknown if online sportsbetting will be available right off the bat, but if it is, it's likely that online numbers in New Jersey will spike even further, especially as football season gets underway in August.

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bgsharpe
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22 May 2018 - 5:57pm
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Obviously the business looks to be quite stable in NJ and despite some dips like the online poker numbers as a whole it seems generally on the rise and that even without mentioning the upcoming sportsbetting allowance which would boost the total numbers immensely I think.

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