NJ Online Casinos Hit Record High In October 2020
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New Jersey's online gambling sites brought in $93.5 million for the month of October. Sports betting was also on the rise, up nearly 30%. The total gaming revenue for New Jersey was $338 million, a month-on-month increase of nearly 5%.
In October, combined revenue for New Jersey online casinos and poker amounted to $93,451,523. Daily average revenue cracked $3 million for the first time in state history. Golden Nugget increased its revenue 8.2%, but it's still behind its closest competitors. Resorts and Borgata increased their casino verticals by 8% and 9%. Tropicana had the best month of any license holder, up 20.8%.
NJ Online Casinos Hit Record High In October 2020. Daily average revenue cracked $3 million for the first time in state history. Online casinos won $90,933,749, a new monthly record. Poker site revenue fell slightly to $2,517,774.
NJ Online Casinos Hit Record High In October 2020. Revenue is $93.45 million. Online casinos brought in more than twice what they did last year. Retail gambling has resumed four months ago. Online poker is still up more that 50%. New Jersey isn't a new market and is well past its honeymoon period.
October was another big month for NJ online sports betting. Total handle exceeded $800 million for the first time. Revenue from both retail and mobile channels totaled $58,508,647. In-person betting fell to a greater degree than in- person casino gambling. Meadowlands Racetrack's dominance took a hit. Resorts doubled its share of the mobile market.
