NJ Online Gambling Revenue Increases in July 2019
The New Jersey Division of Gaming Enforcement has reported an increase in online gambling revenues in July 2019.
After pulling in around $45 million in revenues from online casinos and online sportsbooks during the month of June, that number jumped over $8 million in July to eclipse $53 million.
The increase came mostly from the sports industry. Operators realised a $6.97 million increase in online sports betting revenue in total, which came on the heels of strong action from baseball, golf and international soccer competition.
Golden Nugget Online and its group of high-profile operators still hold a massive revenue lead that has expanded again into another month. It dominated the competition once again with a new record-breaking month, tallying $14.89 million in total online casino revenue in July and reaching over $93.5 million in year-to-date revenue.
Resorts Digital Gaming generated $6.24 million in online casino revenue and leads in the second place. In third was Borgata Online Casino, which earned $5.92 million to record its best casino revenue month to this point. The NJ online casino market as a whole recorded its second-best revenue month ever with total online casino revenues of $37.43 million.
“The industry experiencing an upswing during July is pretty exciting. Football season in the fall was always going to ramp up action and revenue numbers, but for that process to kick-start in the summer without as many sports to bet on is an encouraging sign,” Rich Migliorisi, Managing Editor of BonusSeeker.com.