April NJ Online Gaming Revenue Dips, but Stays Strong

0

In March, the New Jersey online gambling industry reported a $3 million spike in revenue from the previous month, for a total of $21,745,431. The earnings report released by the Division of Gaming Enforcement (DGE) today shows that the figure remained steady in April, but dipped slightly to $20,876,026. Given that April is a slightly shorter month, the trend was basically flat.

Only two licensees, Caesars and Tropicana, beat their gaming win from the previous month, banking $3,516,489 and $3,993,115 respectively. While Borgata, Golden Nugget and Resorts each saw a slight decline in revenue from March to April, all five NJ online gambling licensees beat their February totals.

Last month, Golden Nugget and its license partners, Betfair and Sugarhouse, combined to rake in over $6 million, setting the single-month record for the industry. While that number came slightly down in April, they still grossed $5,377,943, nearly $2 million more than Resorts, their closest competitor. March was a banner month for Resorts, in fact, which saw its earnings balloon by 58%.

Total NJ online casino revenue, excluding online poker, also dipped slightly from $19,492,897 to $18,853,649 in April. Tropicana was the only licensee to see its table game and slot revenue rise during the month.

Poker Continues to Slide

Revenue from the state’s three online poker networks continues its downward trend, with each operator doing slightly worse than it did in March. PokerStars banked the most with $793,638 in earnings, followed by the Borgata Poker and PartyPoker partnership and its $597,571. The All American Poker Network, featuring 888 Poker and WSOP.com, was a close third place, bringing in $577,168.

In total, NJ poker sites took in $1,968,377, $284,157 less than they did in March and $202,050 less than February.

The Taxman

The state of New Jersey, of course, took its share fair of the profits, banking $3,125,498 in total tax receipts. The biggest contributor among primary licensees was Golden Nugget which kicked in $927,220.

April Totals

Licensee Poker Revenue Casino revenue Total win Tax revenue
Borgata $597,571 (-8%) $3,615,538 (-2%) $4,213,109 (-3%) $632,905
Caesars $577,168 (-17%) $2,939,321 (+20%) $3,516,489 (+12%) $528,459
Golden Nugget 0 $5,377,943 (-13%) $5,377,943 (-13%) $806,962
Resorts $793,638 (-13%) $2,981,732 (-9%) $3,775,370 (-10%) $566,305
Tropicana 0 $3,939,115 (+3%) $3,939,115 (+3%) $590,867
Totals $1,968,377 (-13%) $18,853,649 (-3%) $20,822,026 (-4%) $3,125,498

2017 Totals

In 2017, Atlantic City’s online casinos have raked in $80,169,912 from their online poker and online casino games. Total poker earnings stand at $8,730,204 and taxes total $12,020,597.

LICENSEE POKER REVENUE CASINO REVENUE TOTAL WIN TAX REVENUE
Borgata $2,540,177 $13,540,573 $16,080,750 $2,411,873
Caesars $2,649,731 $11,546,048 $14,195,779 $2,131,978
Golden Nugget $21,506,471 $21,506,471 $3,227,751
Resorts $3,540,296 $10,649,622 $14,189,918 $2,128,488
Tropicana $14,136,726 $14,136,726 $2,120,509
2017 Totals $8,730,204 $71,379,440 $80,109,644 $12,020,599
Get NJ Online Casino And Sports Betting Updates

Subscribe to get the latest NJ online casino and sports betting news to your inbox.

Thank you for subscribing.

Something went wrong.

Bill Grinstead

Bill has over a decade of experience working in diverse aspects of the online gambling space. He is currently focused on legal, US online gaming, which he has reported on since the industry first became regulated in the country.

Comments are closed.