New Jersey’s land-based blushes spared as igaming continues to thrive

Copyright : Ivaylo Sarayski / 123RF Stock Photo

Online casino win in the US state of New Jersey rose sharply in October, up by 30 per cent to $26.8m, according to latest figures released by the state’s Division of Gaming Enforcement.

For the year to date, internet gaming win in the Garden State climbed to $242.7m, a 18.9 per cent against the same period in 2017.

New entrants Hard Rock and Ocean Resort continue to perform solidly, the former now posting more than $1m internet win since launch, while the latter has already recorded a healthy $595,293.

All participants within the region’s internet gaming market bucked the recent trend of unpredictability, as across the board increases contributed to an total of $26.7m for October, subsequently topping up the year-to-date revenue to $242.7m

The Golden Nugget was again the dominant force within the market, seeing a 57.6 per cent increase to $9.6m (2017: $6.1m), ahead of the Borgata whose fractional boost saw October come in at $4.3m.

It wasn’t such good news for the region’s land-based property’s, with an eight per cent overall increase to $200m almost solely aligned to the two relatively new entrants to the Atlantic City boardwalk.

Hard Rock Hotel Casino and Ocean Resort saw decreases from the previous month’s showing, recording revenues of $23.2m and $13m respectively, with only the Tropicana seeing an increase of the previously established entity’s, nudging 2.1 per cent year-on-year to $25.1m.

Borgata continued on its trend of being the dominant market leader taking $50.7m, an 8.1 per cent drop from 2017’s $55.2m, with Harrah’s (-21.7 percent to $23.7m) and Caesars (-21.4 per cent to $20.2m) having the unwelcome honour of seeing the largest percentage declines.

New Jersey’s sports wagering scene brought in revenues of $11.6m for October, a significant 51 per cent drop from September’s $24m, as Resorts Digital ($5m) and Meadowlands Racetrack ($3.5m) maintained the status of being the state’s dominant leaders.

Total gaming revenue for the month came in at $2.38bn, a 6.3 per cent increase from 2017’s $2.24bn.