New Jersey online casinos rake in $55m for January 2020

The New Jersey Division of Gaming Enforcement recently revealed that the state’s online casinos took in $55.1 million in revenue last month. This is a whopping 64% increase from January of 2019.

Some $21.2 million of that tally came from the Golden Nugget, while Resorts Digital came in second place with a figure of $11.9 million. Resorts has partnerships with Mohegan Sun and DraftKings, with the latter attracting online casino customers through its sports betting and fantasy sports products.

The overall market leader for New Jersey casinos in January was Borgata, whose online gaming operation ranked third for the month with $10.4 million in revenue. That number is more than double what it took in for January of last year.

Online poker used to rule the roost in the New Jersey online gambling industry. However, that scene has dwindled in recent years and the total online poker revenue for January was a mere $1.8 million.

The land-based Atlantic City casinos took in $14.7 million in revenue for the month with a total handle of $192.1 million. Borgata took top spot with $54.7 million in bets placed, while Harrah’s ran second on $23.6 million.

The two newest Atlantic City casinos each performed well last month, with Hard Rock enjoying a 38% increase for a handle of $21.5 million and Ocean Resort rising by nearly the same amount with $16.9 million in wagers. Resorts and Bally’s each had decreased handles from the previous January with $12.6 million and $10.7 million respectively.

In terms of land-based sportsbooks at the Atlantic City casinos, Borgata nearly quadrupled its total from January 2019 to $3.2 million and Ocean Resort nearly doubled its wagering activity to $2.3 million. While Harrah’s only took in a little over $100,000, that number was still over four times higher than for January of last year.

Show More
Leave a Reply

Your email address will not be published.