New Jersey online casino gaming revenue saw a decline of 5.5 per cent in February compared to the prior month, according to figures released this week by the state’s Division of Gaming Enforcement. Operators in the sector reported online casino gross gaming win of $29.94m and $1.81m in online poker gross gaming win.
The figures suggest that despite a slowdown in February, New Jersey’s online casinos continue to perform well. They generated $31.75m in online poker and casino revenues, marking the first month-over-month fall since August 2018. With an additional $12.85m in NJ online sports betting revenue, the state’s online gambling operators earned a total of $44.6m in online gross revenue compared to a total of $49.09m in the previous month.
Still leading the pack, after almost three consecutive years, is the Golden Nugget Casino online group of operators which includes Sugarhouse Casino Online and Betfair Casino. Between them they generated total gross revenue of $10.70m due to strong cross performance from FanDuel Sportsbook into Betfair Casino. Runner up in total market revenue was Resorts Digital Gaming which houses Resorts Online Casino, Mohegan Sun Online Casino, PokerStars Casino and DraftKings, achieving a yield of $6.66m.
“Overall, these are great results from both online casino and sports betting apps,” said BonusSeeker.com Managing Editor, Rich Migliorisi. “No one should be startled by the drop in sports betting revenue as the Super Bowl result was known to put a hurting on FanDuel and others, which helped lead to the large drop in sports betting revenue. All other signs, such as total handle, point to increasing popularity in sports betting both online and off; so newcomers like PointsBet Sportsbook have nothing to worry about.”