THREE AMAZING STATS FROM NJ’S RECORD MONTH FOR ONLINE GAMBLING
If it is not clear that online gambling — both casino and sports gambling — has been an unmitigated victory in New Jersey, it should be now.
Those numbers are amazing enough. But let us take a close look.
You could cherry-pick plenty of data points from online casinos from NJ. But here is an interesting one:
The operators under the Golden Nugget online casino license combined for $14.9 million in earnings. In a vacuum, that seems like an impressive number.
But let’s give this circumstance to : Golden Nugget’s earnings would have been larger than the NJ online casino marketplace for any month in 2015. That’s some expansion for GN and NJ.
Change the calendar and the July 2019 of Golden Nugget would outpace all but three weeks in the nation that year for many casinos.
Here’s another way.
Only more than $40 million was made by The Borgata for gambling in July : It is far beyond that mark, in more than 80 million.
In 2nd position is Hard Rock, with just under $39 million in earnings. That is significantly less than total is made in by NJ internet poker and casino.
Online gambling is the equivalent of incorporating the revenue of another casino on Atlantic City, and a large one at the, with none of the ill consequences When you take a look at it like this. (And, no, those online casinos are not taking away revenue the bodily casinos might be getting; the vast majority of online earnings is additive, not cannibalistic.)
Resorts is not the destination to gamble in Atlantic City. It came for casino earnings in last position in July.
However, including PokerStars DraftKings casino and Mohegan Sun — it’s turned into a stalwart in online gambling. Resorts earnings from online casino topped $6.2 million for July, and that’s not even near its best month in 2019; it’s approached $8 million in earnings. This spring.
Among all licensees in a given month , online revenue from Resorts Casino online came in last place at times in the past.
The addition of casino gambling this year with the DraftKings Sportsbook in NJ has become the needle-mover that is large here. And after football season is back in swing, search for another uptick for Resorts earnings, as cross-sell in sports into casino matches will offer another opportunity in the arm.
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