The summer typically produces a lull for New Jersey online casinos and sportsbooks, and the most recent financial numbers from June seemingly support the trend, according to figures from the New Jersey Division of Gaming Enforcement reported by BonusSeeker.com.
After pulling in $52 million worth of revenues from online casinos and sportsbooks in May, that number decreased to $45 million in June, dropping $6.78 million month-over-month, the DGE reported.
Golden Nugget Online and its operators have a massive revenue lead that continues to expand each month. The casino giant did better than its competition in June with nearly $13.6 million, dominating second-place Resorts Digital by more than $7 million.
The DGE report also shows that the Golden Nugget earned double-digit millions in revenue each month so far this year and has almost $78.69 million in total gross revenue — on pace to overrun its $105 million earned last year.
“We expected the industry to go through a bit of a dry spell following the completion of NBA and NHL postseasons,” Rich Migliorisi, managing editor at BonusSeeker.com, said. “Baseball is the only sport day-to-day, but as fall comes, we know sports betting in New Jersey will pick up sharply as football season kicks off.”
Here’s a full breakdown for New Jersey online casino revenue in June, in millions:
- Golden Nugget: $13.6
- Resorts: $6.39
- Borgata: $5.66
- Caesars: $4.1
- Ocean Resort: $0.356
- Hard Rock: $2.42
- Tropicana: $3.75
- Total: $36.29
Online poker revenue in June (in millions):
- Resorts: $0.537
- Borgata: $0.372
- Caesars: $0.862
- Total: $1.77
Sports betting online revenue in June (in millions):
- Bally: $.0269
- Borgata: -$0.0329
- Golden Nugget: $0.0375
- Hard Rock: -$0.0287
- Ocean Resorts: $0.794
- Resorts Digital: $2.687
- Meadowlands: $2.725
- Monmouth: $0.7181
- Tropicana: $0.0103
- Total: $6.938
Combined revenue in June (in millions):
- Golden Nugget: $13.6
- Resorts: $6.93
- Borgata: $6.03
- Caesars: $4.96
- Ocean Resort: $0.356
- Hard Rock: $2.42
- Tropicana: $3.75
- Total: $36.29
