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The New Jersey online gambling market has place collectively a lot of excellent months in the course of its 5-plus years. March 2019 was its finest to date.

NJ online casinos set a number of new online income records in March, such as:

Best line numbers

Right here are the major line numbers from the New Jersey Division of Gaming Enforcement’s most recent month-to-month income reports.

Income by vertical:

Income totals:

Sports betting and online casinos go collectively like peas and carrots

It is protected to say online casino development has been reignited by online sports betting.

New Jersey has observed total online gaming income ( casino and poker) develop by at least 40% in each and every of the previous 4 months, and development of at least 50% in two of the previous 4 months.

Much more proof of the influence of online sports betting can be observed at the person operator level.

Golden Nugget (by means of its sub-brand Betfair) and Resorts Casino have been the greatest gainers in the course of the current development spurt. Each just take place to be affiliated with the major two sportsbooks in the marketplace:

To be clear, FanDuel Sportsbook operates beneath the Meadowlands Racetrack sports betting license, but mainly because Betfair and FanDuel share a wallet (and hence buyers), each Golden Nugget and Meadowlands advantage from the app’s reputation.

Development trends

Here’s a appear at the Y/Y alterations:

As observed in the chart beneath, the New Jersey online gambling market has but to encounter a year-more than-year decline in any month (this chart does not contain NJ sports betting income).

Casino by casino evaluation

Borgata breaks $five million but loses marketplace share

  • License holder: Borgata
  • Brands and sub-brands: Borgata, CelebrationPalaplayMGM
  • Industry share: 13.9% (-.three% M/M)

In December 2018, Borgata became the initially online casino not named Golden Nugget to post a $five million month. In March it broke the $five million mark for just the second time in its history.

But it is no longer in choose enterprise.

Prior to sports betting, a $five million month for an online casino was a major deal. Now it is the baseline of good results, thinking of 4 of the 5 established online casino operators achieved the feat in March.

Golden Nugget is a runaway train

  • License holder: Golden Nugget
  • Brands and sub-brands: Golden Nugget, Betfair, SugarHouse, BetAmerica
  • Industry share: 36.four% (+two.7% M/M)

Golden Nugget AC set a new higher water mark for the marketplace in March. Even with Resorts far more than doubling its income considering the fact that the launch of sports betting, Golden Nugget casino is nonetheless almost lapping Resorts.

Tropicana falls out of the trail pack

  • License holder: Tropicana
  • Brands and sub-brands: Tropicana, Virgin
  • Industry share: 9.five% (-1.four% M/M)

The only established online casino operator that didn’t break $five million in March was Tropicana Atlantic City.

If the NJ online casino marketplace was a marathon, Golden Nugget is way out in front. Resorts is carrying out its finest to maintain GN in sight. Caesars and Borgata have developed a trail pack, and Tropicana is cramping up and struggling to finish the race.

Resorts jumps more than $eight million

With its current surge, Resorts is the clear quantity two in the marketplace. And like Golden Nugget, Resorts is proving that forming strategic partnerships is crucial.

Caesars posts its finest month to date

Caesars posted its initially $five million month in March, but as noted above, $five million is no longer the mark of a strong month.

Challenging Rock’s development stalls out

  • License holder: Challenging Rock
  • Brands and sub-brands: Challenging Rock
  • Industry share: four.two% (-1.two% M/M)

Challenging Rock has carried out a excellent job of grabbing marketplace share, establishing itself as a critical player in the marketplace in significantly less than a year.

That stated, its development stalled in March, as Challenging Rock’s marketplace share fell from far more than five.four% in February to four.two%.

Ocean Casino Resort is becoming an also-ran

  • License holder: Ocean Casino Resort
  • Brands and sub-brands: Ocean Online
  • Industry share: 1.three% (-.two% M/M)

If Ocean Casino Resort does not do anything quickly, the New Jersey online casino marketplace could be searching at its second failed internet site and initially considering the fact that 2014.

Historical appear at iGaming income in NJ

Be confident to verify our New Jersey iGaming income web page for a detailed breakdown of online gambling income in the Garden State.