New Jersey online gambling market in October achieved record highs. According to the state’s Division of Gaming Enforcement report, online poker and casino licensees earned $93.4 million. It was more than two times the amount in October of 2019. Also, it was almost $6 million higher than the previous record set in August of 2020.
Online casino revenue for October was a little below $91 million, a 108.7 percent increase from the same month last year. Online poker increased by 53.3 percent to $2.5 million. The total revenue is up by 103 percent to more than $779 million year-over-year. Casino revenue increased by 103 percent to $745.7 million. Also, poker increased by 88.5 percent to $33.4 million.
Thus, individual online casino records reported new revenue highs. Golden Nugget earned $28.1 million from its online casino platform. It is the highest revenue for October. In second place is Borgata and its partner BetMGM. They earned $22.1 million to be ahead of Resorts Digital Gaming and its partner DraftKings/FoxBet. The latter earned $21.6 million.
New Jersey Online Gambling Revenue
According to betting software reports, Caesars Interactive Entertainment was in third place with a revenue of $8.2 million. However, the online betting platform ranked first in online poker with a revenue of $952,000.
Based on the best sports betting software, Tropicana got $7.2 million. Hard Rock Atlantic City came in fifth place with almost $5.5 million. The last slot is Ocean Casino Resort, with a measly $678,000.
According to sportsbook PPH experts, the state’s sports betting handle is at $803.1 million, which broke the previous record of $748.6 million achieved in September. Revenue was at $58.5 million that brings the year-to-date total to almost $281.6 million. It was an increase of 18.8 percent from the first ten months in 2019.