After surpassing $100m in revenue to kick start the year, and becoming the first legal gaming jurisdiction in US history to cross that threshold in a single month, the Garden States online casinos and poker room generated $93.8m in the previous month.

Though falling short of the record $103.8m recorded in the opening month of the year, the figure is up 80.4 per cent from 2020’s $52m. This works out to a record $3.4m per day over 28 days in February, representing an increase from $3.3m per day over 31 days in January.

Golden Nugget, which now includes FanDuel casino, remained the igaming market leader with $27.9m in revenue, a 41.1 per cent rise from the previous year’s $19.7m but a drop from January’s $31.1m.

Borgata remains hot in its heels with $25.7m, a significant jump from 2020’s $8.13m but down from $28.7m to open the year, with Resorts Digital again occupying the third sport with a 54.8 per cent year-on-year rise from $12.4m to $19.7m (January 2021: $22.8m).

In the land-based stakes, Borgata, Hard Rock and Ocean Casino once again occupy the top three spots, securing February revenue of $36.9m (2020: $57.5m), $23.5m (2020: £23.9m), and $18.8m (2020: $20.7m), respectively.

“After so many years of Golden Nugget dominance, it’s been fascinating to watch Borgata and Resorts Digital make gains over the last year,” stated Eric Ramsey, analyst for PlayNJ.com. 

“FanDuel adds another big name as these operators jockey for market share, and it has the ability to shift the dynamic. But the online casino pie continues to grow, which is ultimately great for the state.”

New Jersey sportsbook took in $743m in bets during the month, anchored by $117.4m in Super Bowl betting, to record its lowest total since August as the market settled into the post-NFL period.

That is up 50.1 per cent from $494.8 million in February 2020, however, it falls short of January’s $958.7m. Operators produced $46.2m in revenue from the month’s wagers, up from $17m in 2020 and yielded $5.7m in state taxes.

“Even with a slowdown in February, which was expected, New Jersey remains the most fertile online sports betting and online gaming market in the US,” stated Dustin Gouker lead analyst for PlayNJ.com. 

“February’s results are a reminder, though, that New Jersey’s market is not destined for infinite growth. For the first time since Pennsylvania launched, New Jersey could face increased competition. 

“This time it’s from New York, its main feeder market, which is pushing ahead on legalisation efforts. While that is cause for concern in New Jersey, the state’s online sportsbooks and casinos have positioned themselves as a giant in the industry, able to withstand neighbourly competition.”

Online betting produced 92.8 per cent, or $689.2m, of the state’s total handle, with FanDuel Sportsbook/PointsBet topping the market with $24.9m in gross revenue, down from $41.8m in January.

Retail sportsbooks collected $53.7m in bets, but that was still short of the $58.3m retailers collected in February 2020. Meadowlands/FanDuel led the way with $2.3m in revenue.

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With the performance coming alongside more than $950m in wager at the region’s sportsbooks, analysts are suggesting that it sets the stage for the Garden State to potentially reach $10bn in sports bets and more than $1bn in online casino revenue for the year.

Online gaming and poker generated $103.8m in January, up 88.4 per cent from $55.1m in 2020, yielding $15.5m in taxes and surging beyond the previous record of $99.5m set just one month earlier. 

Golden Nugget Online Gaming continues with its pace setting igaming status by recording a 47.1 per cent rise to $31.1m (2020: $21.2m), ahead of Borgata’s $28.7m (2020: $10.3m), and Resorts Digital’s $22.8m (2020: $11.9m).

Despite much interruption, Borgata still stands tall in the land-based stakes with $38.2m, down 30.1 per cent from $54.6m; ahead of Hard Rock with $26.6m (2020: $21.4m) and Ocean Casino’s $20.4m (2020: $16.8m). 

“Online casino games continue to show no signs of letting up,” said Eric Ramsey, analyst for PlayNJ.com. “Obviously with pandemic-related restrictions in place on Atlantic City casinos, online casinos were in position to pick up some slack.

“But the online gains made over the last year should withstand the reopening of retail casinos, continuing to buoy the entire gaming industry.”

New Jersey’s sportsbooks fell short of breaking the all-jurisdiction handle record for the sixth consecutive month by collecting $958.7m in wagers in January, which is up 77.5 per cent from $540.1m year-on-year.

Operator revenue rose to $82.6m during the month, a 29 per cent increase from $53.6m in January 2020 and topping December’s record-breaking $66.4m. 

For 2021, the state could reach nearly $10bn in sports bets, more than $600m in revenue, and $75m in state and local taxes, according to PlayNJ projections.

“New Jersey’s online casinos and sportsbooks have defied conventional wisdom from the beginning, and are hitting milestones that many thought would take years longer to reach,” added Dustin Gouker, lead analyst for PlayNJ.com.

“The rapid maturation of the online products in New Jersey has made the state the new standard bearer for the modern U.S. gaming industry.”

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The Atlantic City venue first partnered with Scientific Games in 2015 and utilises Scientific Games’ OpenGaming to deliver igaming experiences to its players.

Under the terms of the agreement, Resorts will continue to deliver player experience via the OpenGaming ecosystem, as well as continuing to operate the US gaming tech firm’s OpenPlatform player account management solution.

Resortscasino.com and mohegansuncasino.com offer online players in New Jersey with more than 500 slots titles, alongside a range of table games.

In its most recent monthly financial update, the New Jersey Division of Gaming Enforcement reported that Resorts Digital’s July revenue came in at $18m, a 162.5 per cent increase from $6.86m year-on-year. 

Finishing as the Garden State’s second largest operator, Resorts Digital came in behind Golden Nugget’s $31.4m (2019: $14.8m).

Ed Andrewes, CEO of Resorts Digital Gaming, said of the agreement: “Scientific Games has been an integral supplier for Resorts’ digital operations for a number of years, which helped make it a simple decision to maintain our successful partnership. 

“The content provided seamlessly via OpenGaming plays a big part in making ResortsCasino.com one of New Jersey’s go-to online casinos.”

This becomes the latest igaming partnership inked by Scientific Games, with Tipico selecting OpenGaming to power its New Jersey igaming launch after Caesars Entertainment strengthened its ties with the group.

Jordan Levin, group CEO of Digital for Scientific Games Digital, added: “As one of the foremost operators in New Jersey, we are proud to extend our long-standing collaboration with Resorts.

“The renewal rubber stamps the strength of our working relationship and of our OpenGaming portfolio. We look forward to driving the partnership forward to ever higher levels and increased gains for both parties.”

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The Garden State’s igaming saw a 67.8 per cent increase to $38m (2017: $22.6m), which was once again spearheaded by the Golden Nugget whose monthly take saw a similar percentage jump to $13.5m, ahead of Resorts Digital’s $6.9m, over double it’s 2018 figure.

Steve Ruddock, lead online gambling analyst for PlayNJ.com, believes Golden Nugget’s online operation could surpass its land-based interests by the close of 2019: “Golden Nugget’s ability to generate nearly 50 per cent of its revenue through its online casino, without cannibalising its brick-and-mortar operations, should be a wake-up call to every state lawmaker and casino owner who still make the false assumption that such a dynamic is not possible. Online and retail gambling are not simply compatible, they’re mutually beneficial.”

Land-based casinos also secured an overall increase, despite the story of individual declines continuing in the face of the new competition added 12 months ago, with its $236m representing a 13.7 per cent jump from $207.4m.

Kevin Ortzman, president of the Casino Association of New Jersey, commented: “Summer is in full swing and Atlantic City is busy with visitors. June was a great month for Atlantic City as we enjoyed great weather, marked the one-year anniversary of the legalisation of sports betting, along with the one-year anniversaries of the opening of two new casinos. We look forward to continued growth throughout the summer as we welcome visitors to our dynamic resort destination.”

New Jersey sportsbooks, coming off the back of a month in which it beat Nevada for the first time ever, accepted $273.2m in bets in June, down 14 per cent from $318.9m in May, with the handle yielding $9.7m in revenue, a 37 per cent decrease from $15.5m a month earlier.

Dustin Gouker, lead sports betting analyst for PlayNJ.com, said of New Jersey’s performance: “To approach $275m during a month where the only major sports betting event is the NBA Finals says something about the trajectory of New Jersey’s market. 

“Basketball clearly drives interest, but it also shows that interest in sports betting in general continues to expand.”

Adding on the issue of impending increased competition: “The rate of growth will eventually level out, but I do not believe that time is at hand. The fact that New Jersey is now on par with Nevada, a market that has matured over generations, is remarkable. Competition from the launch of Pennsylvania’s sports betting apps could slow momentum, though.”

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With net revenue jumping 17.6 per cent to $704.6m (2018: $599.2m), gross operating profit saw a tumble of 29.6 per cent from $123.5m to this year’s $87m.

First opening to the public on the same day last year, Wednesday 27 June, initial reports suggested that the introduction of Ocean Casino Resort, at the former Revel, and Hard Rock, on the Trump Taj Mahal site, would drive down profits, despite adding more jobs and hotel rooms, which has thus far been the case.

The figures, released by the New Jersey Division of Gaming Enforcement, show that the two new entries reported operating losses for the period, with it suggested that the expensive process of attempting to attract individuals through their doors has taken its toll.

For the first quarter of the year Hard Rock posted a $6.1m loss, contrasted to Ocean Casino Resort’s $10.3m, with across the board operating profit declines only bucked by Resorts Casino.

Its 79.8 per cent swing, driven by a slightly small showing last year, saw it reach $3m from $1.6m, as Borgata retained its place as market leader despite a 12 per cent dip, with its operating profit coming in at $39.7m (2018: $45.1m).

Bally’s earned the unwelcome honour of seeing the largest percentage decline of the nine land-based establishments, with its operating profit falling from $6.2m to $2.8m, a 54.4 per cent decline.

Of the rest Caesars fell 13.6 per cent to $10.8m (2018: $12.5m), Golden Nugget is 5.6 per cent down to $9.4m (2018: $10m), Harrah’s reached $16.5m (a 41.9 per cent dip from $28.4m) and Tropicana declined 5.3 per cent to $16.5m (2018: $17.4m).

Looking at the internet only entries, Resorts Digital saw a huge swing from a $815,000 loss in 2018 to $1.8m this year, while Caesars Interactive Entertainment NJ dropped 5.7 per cent, as it reached $2.74m from $2.9m.

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The growth for Resorts Digital was significantly enhanced by the introduction of sports wagering, which generated $4.8, while online gaming jumped to $7.1m, a 97.6 per cent boost on 2018’s $3.6m figure.

The report released by the DGE has indicated that, overall, April’s gaming revenue for Atlantic City had jumped by 16.9 per cent to over $250m in comparison to the same period last year. It represents a continuation of growth for Atlantic City in 2019, marking the 11th straight month of year over year growth for the industry.

“The April 2019 DGE numbers are a promising sign of Atlantic City’s continued growth as the summer season quickly approaches,” said Kevin Ortzman, president of the Casino Association of New Jersey.

“Sports betting without question has provided a major boost to the local economy, and we believe this excitement will translate into increased revenue and tourism throughout the summer.”

The initial four months of the year have seen online casinos and poker generate $141.1 million in gross revenue, which is up 52.4% from the $92.6 million generated through the first four months of 2018.

“Before online sports betting was legalized, it was thought that the growth of online casinos would begin to tail off,” said Steve Ruddock, lead online gambling analyst for PlayNJ.com.

“The effect of online sports betting has been profound. It infused new energy in gamblers and new investment into online casinos. Because of that growth has actually accelerated significantly.”

Resorts received the biggest hit, with their casino win dropping 25.7 per cent from $17.2m to $12.8m compared to April 2018. Meanwhile Golden Nugget and Caesars also took a hit with their casino win, noting drops of 23.4 and 24 per cent respectively.

Golden Nugget has seen a large jump in its online gaming division, however, with a 70.3 per cent increase from $8.1m up to $13.9m.

“Atlantic City was a key factor in New Jersey’s tourism boom in 2018, attracting new visitors to the Garden State,” said Debra P. DiLorenzo, president & CEO at Chamber of Commerce Southern New Jersey.

“The passage of sports wagering helped create new jobs, generated economic growth and provided an important boost to the casino industry.  As we ready for the 2019 tourism season to begin, we are confident that Atlantic City will continue to thrive and grow.”

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Accepting $372.5m in bets, just short of the £385.3m in January, the Garden State’s sportsbooks have now welcomed $2.3bn in wagers since legalisation in June of last year.

Revenue for the month rose to $31.7m, a 150 per cent leap from £12.7m the previous month, with the FanDuel offering at Meadowlands racetrack keeping its market leader status with $17.5m in revenue, over double February’s $8m.

Of Atlantic City’s land-based establishments, it’s the DraftKings fueled Resorts Digital that came out on top, rising from $3.7m to $7.2m month-to-month.

Dustin Gouker, lead sports betting analyst for PlayNJ.com, explained: “The first week of March Madness generated more action than the Super Bowl, and even the first four games attracted enough betting to rival a busy weekend of NFL regular season football.

“That is unquestionably a massive success and shows clearly the importance of college basketball to the Northeast’s legal sports betting markets.”

Adding: “Online sports betting will continue to drive the market, and product innovations will likely bear much more fruit in the near future.

“New Jersey’s sportsbooks already offer the most advanced online product of any legal sports betting jurisdiction, and bettors have continually responded.”

Land-based entities continue to contribute the lion’s share of the state’s overall revenue, seeing a 15.7 per cent increase to $223.1m (2018: $192.9), nudging total gaming win to $293.9m, a 34.5 per cent rise from $218.4m.

Borgata continued its dominant position with $59.4m, a 1.4 per cent drop year-on-year from $60.2m, with the region two newest entries Hard Rock and Ocean Resort seeing growth from the previous month as they brought in $24.5m and $15.1m respectively.

New Jersey’s igaming offering also continued to undergo impressive growth, seeing a 53 per cent surge for the month to $39.1m (2018: $25.5m).

It’s the Golden Nugget that retains its position on top spot via a 64.4 per cent yoy rise to $14.2m (2018: $8.6m), ahead of Resorts Digital for the second straight month, whose figure finished at $8.4m, a significant jump from 2018’s $4.2m.

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Bringing in total revenues of $241.1m, a 25.6 per cent increase from $192m, the CANJ has also stressed gains in both employment and visitor numbers, in addition to a revenue boost.  

Internet gaming saw a 44.4 per cent increase to $31.7m (2018: $21.9m), as Golden Nugget remained market leader with revenues of $10.7m, a 35.7 per cent increase from $7.8m, ahead of Resorts Digital, up 76.3 per cent to $6.6m (2017: $3.7m) and Caesars Interactive, boosted 34.1 per cent to $4.2m from $3.1m.

Kevin Ortzman, president of the Casino Association of New Jersey, commented: “Since the start of the New Year, Atlantic City continues to see sustained revenue and tourism growth in 2019.

“As we head into March, with March Madness and baseball season approaching, we are very hopeful that Atlantic City will continue to grow as a destination resort for visitors.”

Land-based entities brought in $196.6m, increasing 15.7 per cent from 2017’s $170m, with Borgata taking the lion’s share of $50.6m, a 7.9 per cent dip from $54.9m, with Caesars and Resorts bucking recent land-based losses with percentage increases of 10.7 and 23.3 to $19.4m (2017: $17.5m) and $14.7m (2017: $11.9m).

The region’s sports betting industry, which has seen almost $2bn wagered in nine months since legalisation, with February revenues standing at $12.7m, which saw Meadowlands racetrack, located in close proximity to the New York stateline, keeping its market-leader status with $8m, as Resorts Digital’s $3.7m ensuring it came out on top of the Atlantic City casino pile.

The industry also generated approximately $20m in taxes and fees collected by the state during the month.

“The latest numbers, combined with the tourism and gaming numbers of 2018, are encouraging as Atlantic City continues to grow and diversify the market,” added Rummy Pandit, executive director of the Lloyd D Levenson Institute of Gaming, Hospitality & Tourism at Stockton University.

“Overall, Atlantic City is trending positively, and we are optimistic that this economic growth will continue.”

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Forming part of the GoldenNuggetCasino.com, and expanding agreements alongside Scientific Games and SBTech, patrons can utilise the offering via desktop, Android and iOS application, and are promised a plethora of features, promotions and enhanced odds added daily.

Striving to deliver “one of the largest selection of bets in New Jersey, with pre-match and live bets on more than 14 sports and 90 competitions,” punters can take advantage of a risk-free first bet, with Golden Nugget online casino players also able to use casino winnings to bet on sports “for a seamless user experience”.

Amongst the features is golden lines, an odds boost on specific bets, and parlay boos, an opportunity to increase their winnings on parlay bets by up to 20 per cent, whilst also encapsulating match tracker for live events, providing player and team stats, an interactive visual display of gameplay and a large menu of in-game live betting options.

Thomas Winter, SVP and general manager of Golden Nugget online gaming, commented: “We are very pleased to bring sports betting to our online and mobile casino patrons. We have worked with our partners Scientific Games and SBTech to bring the best that an online casino and sportsbook can offer to New Jersey players.

“The website and apps look really nice, early feedback from patrons is extremely positive and we look forward to adding more innovative features, to make the player’s experience even more exciting and rewarding in the coming months”.

Publishing its latest set of financial information, the New Jersey Division of Gaming Enforcement revealed that Golden Nugget’s igaming revenue amounted to $12.1m for January, a 66.9 per cent increase year-on-year from $7.2m, ahead of Resorts Digital, whose $6.4m marked a 65.8 jump from $3.8m.

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It’s $33.5m gaming win represented a 53 per cent year-on-year increase from $21.9m, helping to boost total gaming revenue to $220.6m, 19.7 per cent up from $184.3m the previous year, from the casino industry in January, which increased further still when encapsulating sports wagering revenue from the Meadowlands and Monmouth Park racetracks to $229.6m, up 24.6 per cent from $184.3m.

The Golden Nugget’s igaming revenues saw a 66.9 per cent surge to £12.1m (2018: $7.2m) to secure market-leading status, ahead of Resorts Digital which saw a 65.8 per cent yoy increase to $6.4m (2018: $3.8m).

Across the board increases in online gaming is in contrast to land-based revenues, which saw Resorts once again become the only long-standing property to post a profit.

Its 8.8 per cent boost from $11.6m to $12.6m helped the overall land-based figure reach $177.2m, representing a 9.2 per cent increase from the 2018 total of $162.3m.

In the midst of the increased competition in the shape of Hard Rock and Ocean Resort, who posted revenues of $15.5m and $12.3m respectively, it’s Caesars that has the unfortunate honour of seeing the largest percentage decrease, dropping 21.3 per cent yoy from $21.7m to $17.1m.

In a traditionally quiet period for the state, New Jersey sportsbook raked in almost $400m in bets during the month, as the region took advantage of the first NFL playoff wagering opportunity since the fall of PASPA in May of last year.

Securing $9.7m in revenues from the sportsbooks of Atlantic City, which rose to $18.7m when encapsulating the aforementioned racetracks, it’s the FanDuel sportsbook at Meadowlands which remained the dominant entity with revenues of $7m.

The DraftKings Sportsbook which operates under the Resorts license swelled its coffers to $6.9m, with Dustin Gouker, lead sports betting analyst for PlayNJ.com, commenting: “Super Bowl betting didn’t quite reach expectations, but there were definitely some positives.

“The NFL Playoffs generated significant action in January, and anecdotal evidence suggests visitation to Atlantic City for the weekend of the Super Bowl was way up. All in all, it was a successful first season of the NFL for New Jersey’s sportsbooks.”

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