In New Jersey, the online gambling industry continues to reach milestones. One license holder in particular is doing quite well and continues to reign supreme when it comes to online casino gaming in the state. The Golden Nugget is the top online operator in New Jersey, with brands and sub-brands including the Golden Nugget, Betfair and SugarHouse. For the third time in a six-month time frame, the Golden Nugget was able to earn more than $6 million in online casino revenues after the July totals were released by the Division of Gaming Enforcement.
This is a major accomplishment, especially if you consider the fact that no other operator in the state has been able to earn over $5 million in monthly revenues. The Golden Nugget generates a large portion of total iGaming revenue in the state and recently reached a milestone by becoming the first to reach the $125 million in overall earnings.
Overall, online gambling in the state has earned more than $600 million since launching in November 2013 and online casino gaming has contributed to more than $400 million of that total amount. For July, the New Jersey Division of Gaming Enforcement reported that online casino revenue came in at $18,577,418 with online poker surpassing the $2m mark with $2,008,124 in earnings. The total monthly earnings were $20,585,542 with year to date totals reaching $141,999,834.
When comparing July totals with the same month last year, online poker saw a 2% decrease while online casino gaming was up more than 20%. With the big gains from online casino sites, the overall total revenues saw an increase of 18.52%.
It will be interesting to watch as the year plays out if the Golden Nugget will continue to reign supreme and stay at the head of the pack. The Borgata was able to inch out to the number two spot in July revenue earnings with the Tropicana following behind Resorts. Caesars comes in last, seeing a year-over year revenue decrease of 15%.
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