New Jersey Posts $118M Monthly Online Gambling Record in July
According to the figures released Monday by the New Jersey Division of Gaming Enforcement (DGE), the Garden State posted $450.6 million in total gaming revenue in July, representing over 70% increase year-over-year. In July 2020, the state had brought in $264.5 million in total gaming revenue.
July’s revenue of $118.7 million in online gaming represented a 35.7% increase from July 2020, when the Garden State posted $87.5 million in internet gaming.
July 2020 was the first month of casinos reopening after being shuttered for more than three months since mid-March due to COVID-19.
Despite the spread of a contagious new variant of the virus, gamblers continued to return to Atlantic City’s casinos this summer. But internet gambling remained more popular in July.
This shows that gamblers have not lost their appetite for mobile gaming products even as they have the option to gamble at physical venues, said Jane Bokunewicz, director of the Lloyd Levenson Institute at Stockton University. The forum studies the gambling industry.
Total gaming revenue of $450.6 million includes in-person casino gambling and sports wagering, the casinos, and three horse tracks that allow sports betting, in addition to internet gaming figures for the month of July.
Total Gaming Revenue in 2021
During the first seven months of this year, New Jersey’s total gaming revenue was $2.56 billion, up 98.4% from the $1.29 billion reported during the same duration a year prior.
Internet gaming swelled 47.6% year-over-year to $752.9 million, sports betting gross revenue was $423.3 million, and casino winnings $1.39 billion.
Due to the pandemic, Atlantic City casinos shuttered on March 16, 2020, and began reopening on July 2, 2020, under the COVID-led restrictions. So, it is difficult to compare the casino win and sports betting revenue year-over-year due to unequal conditions.
Even a better comparison between July 2021 and July 2019 puts last month’s figures in a far better position. According to James Plouisis, chairman of the New Jersey Casino Control Commission, this July’s revenue was more than 28% higher than the same period in 2019.
Plousis said the casinos’ recent positive momentum shows Atlantic City’s resilience and should help in the recovery of the Garden State’s tourism and gaming sector.
Revenue By Casino
All nine casinos saw a revenue jump in July, with Hard Rock leading its winnings by almost 79% to $55.5 million.
Golden Nugget posted a 77% increase to $15.5 million, followed by Borgata which saw a 75% increase to $106.5 million. Borgata was the last casino to reopen last year.
Tropicana saw an increase of more than 63% to $36.7 million, while Resorts revenue jumped to over 57% to $18.8 million. Harrah’s took a 38% jump to $29.3 million, and Caesars saw an increase of nearly 31% to $26.3 million. The Ocean Casino saw over 27% rise to $33.4 million, and Bally’s 10% to $16.1 million.
New Jersey sports betting saw over $578 million in July handle, allowing casinos and tracks to keep $55 million of the total.
Borgata Led the Internet Gaming Market
The new record number of $118.6 million in digital gaming outshines the previous record set this March, which saw overall revenue of $113.7 million. However, online poker witnessed a dip year-over-year from $4.8 million last July, to $3.1 million last month.
Borgata toped the internet gaming market, with $36.5 million in revenue for July, which was a slightly better performance than Golden Nugget Online Gaming’s $33.5 million. Resorts Digital ranked third with $23.3 million.
In sports betting, Meadowlands – through its partners FanDuel and PointsBet – led with $31.7 million in revenue. Resorts Digital and its partner DraftKings drew 10.6 million in revenue.