NJ Online Casino Revenue Passes $100 Million For Fifth Time In 2021

NJ Online Casino Revenue Passes $100 Million For Fifth Time In 2021

June's NJ online casino revenue came in at $107 million. It's the fifth time in six months that monthly revenue has exceeded $100 million and the year-to-date total is now $634.2 million, which is on pace for its first-ever billion-dollar year.

NJ Online Casino Revenue Passes $100 million for the Fifth Time In 2021. Five of the seven license holders reported revenue of $5.8 million or better. Ocean Casino Resort reported only $1.2 million.

NJ Online Casino Revenue Passes $100 million For Fifth Time In 2021. Five of the seven license holders saw year-over-year increases from June 2020 ranging from 3% to 103.2%. Atlantic City casinos were preparing to reopen last June. Last month’s result is a 26.1% year over year increase from that number.

NJ Online Casino Revenue Passes $100 million for the Fifth Time In 2021.

There was $214.5 million in Atlantic City casino revenue in June. In the same amount of money, land-based casinos accounted for 62% of the revenue. Online casinos are outperforming land based operations. Golden Nugget Online Gaming earned $27.6 million, second only to Borgata. Resorts Digital earned $22. 5 million. Atlantic city's nine casinos need more than two hot summer months to turn things around.

Borgata earned $34.3 million in NJ online gambling revenue in June. Hard Rock Atlantic City is the next closest with $41.6 million for June and $225.9 million overall. Year to date, Borgata's land-based casino revenue is at $265.5 million.

Bally's Corp. is building an omnichannel presence in the iGaming sector. New Jersey is a huge piece of the puzzle. PointsBet Casino is the first app out of. the gates, live as of Thursday night. Bally Bet is expected next. TheScore will also be debuting a casino product via a land-based partnership with Baly's.

Bally's is the new license holder in the NJ online casino business. Golden Nugget was the biggest player before this year. Now Bally is focusing on generating some revenue. The impact of Baly's entering the space depends on how quickly the other products receive DGE clearance.

The NJ sports betting market is on the verge of producing its first $1-billion month. The last time it came close was in December 2020 when the monthly handle came in at $996.3 million.

NJ online casino revenue numbers are going up as sports betting handle increased. New record of $113.7 million for online casinos and $958.6 million in sports bets were set in March 2021.

March 2021: all-time record of $113.7 million for online casino and $859.6 million in sports betting. January 2021 $103. 7 million for Online Casino and 958.3 million dollars for Sports Betting. February 2021 $93.8 million and 743 million respectively for both.

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