When it’s not clear that online gaming — both casino and sports gambling — is an unmitigated victory in New Jersey, it ought to be.
Those numbers are amazing enough by themselves. But let’s have a good look.
You could cherry-pick a lot of data points out of online casinos from NJ. But here’s an interesting one:
The operators under the Golden Nugget online casino license combined for $14.9 million in earnings. In a vacuum, then that sounds like an amazing number.
But let’s give this circumstance to : the revenue of Golden Nugget would have been larger than the whole NJ casino marketplace. That is some growth for both NJ and GN generally speaking.
Change the calendar ahead t0 2016, also Golden Nugget’s July 2019 would increase all but three months for all casinos.
Here is another way.
Only more than 40 million was made by The Borgata for land-based gambling in July : It’s way beyond that mark, at more than $80 million.
In 2nd position is Hard Rock, with just under $39 million in revenue. That’s less than total is made in by NJ internet poker and casino.
If you have a look at it that way gambling is the equivalent of including the earnings of another whole casino into Atlantic City, along with a big one at the, with none of the effects. (And, no, those online casinos are not taking away earnings the bodily casinos may be getting; the huge majority of internet earnings is additive, not cannibalistic.)
Resorts isn’t the best destination to bet in Atlantic City. It came for casino earnings in last position in July.
But including DraftKings internet casino, PokerStars and Mohegan Sun — it has turned into a stalwart in online gambling. Resorts earnings from online casino topped $6.2 million to July, and that’s not even near its very best month in 2019; it’s approached $8 million in earnings. This spring.
Among all licensees in a given month , online earnings from Resorts Casino online came at times in the years.
Casino gambling this season with the DraftKings Sportsbook in NJ’s accession has become the major needle-mover here. And after football season is back in swing, then look for another massive uptick to get Resorts revenue, as cross-sell from sports into casino matches will provide a second chance in the arm.
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