Online Gaming in New Jersey Soars in Q1 2020 Amid COVID-19

17 May 2020

The New Jersey Division of Gaming Enforcement released a report showing that licensed online gambling operators in the state made just under $80 million in gross revenue in April. Compared to what they collected over the same month last year, this was a huge gain, and it is almost $15 million more than the previous record seen in March 2020. The virtual casino revenue jumped to $74.8 million which is a 114.3% surge while that for online rose to $15.15 million, beating the previous year’s $3.6 million figure by over three times as much.

April was the first month where all Atlantic City casinos were closed down because of the virus, whereas in March, casinos remained open for the first few weeks. However, as impressive as the numbers are, New Jersey still has a long way to go before the revenue makes up for the hundreds of millions of dollars that brick-and-mortar gambling traditionally brought in every month when things were normal.

Owing to the ongoing lockdown, it comes as no surprise that plenty of online operators are setting new revenue records in April, with the Golden Nugget’s online casino sitting at the top with revenue of $27.64 million. The second casino in the ranks is Resorts Digital Gaming with a $16.1 million while Borgata claimed the second runners up position with $15.86 million. Caesars Interactive Entertainment stood at number 4 for April with $8.7 million in revenue. So far, compared to the same period last year, the overall revenue earned by online gaming facilities stands at $251.85 million, which is a 78.5% increase.

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