NJ Online Does Well Despite Small Decline

Posted on March 25th, 2019 at 12:03pm

New Jersey’s online casino market is a magnet for business, and record figures have been posted over and over again over the course of the last few years. Despite the fact that February experienced a slight decline in business turn-around when compared with the first month of 2019, even the slower February constitutes a record month yet.

The official figures for February were last week released by New Jersey’s Division of Gaming Enforcement, showing a 5.5% decline in revenue income, compared on a month-to-month basis. But, said the organisation, despite the slight downward curve, it was still record figures all round with online casino profits having come in at $29.94 million for the month, and online Poker at $1.81 million.

Golden Nugget Still Leads The Pack

The Golden Nugget Casino group continues to lead the way. The group consists of popular operator brands such as Betfair Casino and Sugarhouse Casino Online. FanDuel Sportsbook really paved the way for Betfair’s superb performance, and in total, the two operators came in at a superb $10.70 in gross revenue for the second month of the year.

Short on the Golden Nugget Casino group’s heels in terms of performance, was Resorts Digital Gaming. Resorts Online Casino, PokerStars Casino, DraftKings, and Mohegan Sun Online Casino all make up the Resorts Digital Gaming group.

Resorts managed to yield $6.66 in February gross revenue turn-around.

Nothing To Worry About

Rich Migliorisi, Managing Director at Bonusseeker.com, pointed out that the slight decline in the market should not be reason contributing towards any concern, for anyone. Migliorisi said that online and casinos and sports betting apps still managed to perform above and beyond and that everyone had anticipated a drop in online sports betting revenue due to the Super Bowl outcome in anyway.

Furthermore, said the MD, newcomers into the market, for example PointsBet Sportsbook, had absolutely nothing to worry about, as besides for the slowdown caused by the Super Bowl’s result, there were many other market markers indicating that the online sports betting scene was in fact actually healthy, flourishing, and even booming.

Many happy days are obviously to follow, and it’s back to business as usual being predicted for the rest of the year. 

Sources:

https://www.sbcamericas.com/


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