New Jersey online casinos see record revenues in April

While the land-based New Jersey casinos remain closed due to the coronavirus pandemic, the state’s online casinos set another revenue record last month. Online gaming sites collected $79.9 million in April, and this after beginning the year with a revenue record of $55 million in January.

The Golden Nugget was the highest-earning online casino in April with $27.6 million in revenue. That broke the previous record for revenue in a month, while the total from April was 18.6% higher than in March and nearly a 100% (99.5%) increase over April of 2019.

The New Jersey online casino revenue last month was a 23.5% increase over March of this year and a 53.9% increase over February. Every single online casino in New Jersey had a record-breaking April, while Ocean Casino Resort was the only one that did not break a revenue record in March.

The New Jersey online poker market had a second straight month of record-breaking revenue to the tune of $5.1 million. That is a massive increase of 208.7% over April of last year.

Out of all of the New Jersey online casinos, Ocean had the biggest increase over last April (266.7%) with $1.1 million in revenue – the casino’s first seven-figure month. Borgata enjoyed the biggest increase in market share of 19.8% with the operator’s online casinos having an April revenue of $15.9 million.

Other online casino operators that had an increased market share in April over March were:

• Caesars (10.9% in April, 10.3% in March)
• Hard Rock (5.6% in April, 5.1% in March)
• Ocean (1.4% in April, 1% in March)

Golden Nugget did not have an increased market share from April over March but still had the highest revenue last month. It had an April market share of 34.6% and 35.9% in March. Resorts (20.8% down to 20.2%) and Tropicana (7.9% down to 7.5%) were two other online casinos that had their market share go down last month.

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