N.J. online casinos hit record $85.58M revenue in October

New Jersey’s online casinos and sports betting sites have surpassed and hit a new record when compared to last month’s revenue, according to BonusSeeker.com.

The gaming site found that the state’s online casinos cleared $40 million in October and when combined with online poker, it surpassed $45 million. If including sports betting, total October revenues jumped to $85.58 million, up more than $15 million when compared to September, according to figures released by the New Jersey Division of Gaming Enforcement.

New Jersey’s sports betting sites also increased month-over-month, up $10 million over September.

“Last month I mentioned that October could be an even bigger month and that held true. The combination of MLB playoffs, the NFL and the start of the NBA and NHL seasons led to the perfect storm. As things get closer to the holidays, however, I believe overall revenue may take a step back. But this is expected and certainly no cause for concern. It’s clear the online gambling market in New Jersey is thriving, and it’s time for other states to take note,” Rich Migliorisi, managing editor at BonusSeeker.com, said.

Here is the full breakdown for New Jersey online casino revenue in October:

• Golden Nugget: $16.63 million;
• Resorts: $9.78 million;
• Borgata: $7.37 million;
• Caesars: $3.57 million;
• Ocean Resort: $0.543 million;
• Hard Rock: $1.81 million;
• Tropicana: $3.88 million;
  Total: $43.58 million.

New Jersey online poker revenue in October:

• Resorts: $.559 million;
• Borgata: $.390 million;
• Caesars: $.691 million;
  Total: $1.64 million.

New Jersey sports betting online revenue in October:

• Bally: $.537 million;
• Borgata: $1.39 million;
• Golden Nugget: $.359 million;
• Hard Rock: $1.84 million;
• Ocean Resorts: $1.64 million;
• Resorts Digital: $10.56 million;
• Meadowlands: $20.68 million;
• Monmouth: $1.67 million;
• Tropicana: $.040 million;
  Total: $38.72 million.