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NJ Online Casino Revenue Nears $25 Million Once Again In August

In alphabetical order, by license holder: Borgata (Borgata, PartyPoker , Pala , MGM): Borgata continues to rebound from a strangely sluggish June, posting YOY growth of about eight percentfor online casino games. Online poker revenue is down about a third, however, putting the Borgata network in last place in the market. Caesars ( 888 , Caesars, Harrahs , WSOP): Caesars is once again the only operator that showed YoY growth (18.8 percent) in the sparse online poker market. Its casino product is struggling mightily, though, down about 28 percentfrom last year and nine percentfrom last month. Still, $3.5 million in total August revenue is nothing to sneeze at.

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In July , the industry enjoyed its best month to date, with a record-breaking total of nearly $26 million. The impressive figure was in part, the product of two new online casino launches (Hard Rock Casino and Ocean Online Casino ) and stellar performances by Borgata and Golden Nugget . Golden Nugget, the top-level licensee which hosts a self-branded site, Play SugarHouse and Betfair , made the biggest score with $8,172,508, a whopping 57% year-over-year increase. Still, it was a pretty big falloff for the GN over last month, when it broke its own GGR record for a single operator with a $9,328,814 haul. On August 23, Play SugarHouse launched its own online/mobile sportsbook, which made just over $100,000 during the final eight days of the reporting period. Borgata showed modest gains last month, taking in $4,215,649, a 16% Y/Y increase and around $200,000 short of its all-time high, which it achieved in July. PlayMGM, which operates a branded online casino under the Borgata license, opened up its own sportsbook just one day before Play SugarHouse, making just under $50,000 in the final days of the month. Tropicana took the third spot in terms of online gambling revenue with $3,593,979, a 6% Y/Y contraction. Resorts Casino , the umbrella site for PokerStars , Mohegan Sun and more recently, DraftKings Sportsbook , posted iGaming revenue of $3,376,052 last month, and impressive 25% gain over August 2017. DraftKings Sportsbook had a ton of success on the online front, racking up $2,970,331 in revenue, bringing the total for Resorts digital properties up to over $6.34 million. Caesars had comparatively the worst month of the bunch, taking a -28% Y/Y hit with gross revenue of just $2,762,945, over $1 million less than its all-time high in March.

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