New Jersey, Golden Nugget smash online gambling records

New Jersey’s regulated online gambling market closed out 2018 by blowing past old revenue records for both the month of December and the year as a whole.

Figures released Monday by the New Jersey Division of Gaming Enforcement (DGE) show the state’s licensed online gambling operators generated combined online casino and poker revenue of just over $29m in December 2018, a nearly 40% increase from the same month last year.

December’s online total was also $2m higher than the market’s previous monthly best, which was set last November. As always, December’s online gains were driven by the casino vertical, which shot up nearly 45% to $27.2m. The poker vertical rebounded somewhat from its record low performance the previous month, but its $1.76m was still down nearly 9% year-on-year.

December’s result helped drive the 2018 online revenue total to $298.7m, up 21.6% from 2017’s total and another new record high for the state. The online casino vertical improved by more than one-quarter to $277.3m in 2018, while poker fell 11.8% to $21.4m (representing just 7.1% of the overall figure).