It ought to be now, if it’s not apparent that online gambling — both casino and sports is an unmitigated victory in New Jersey.
Those numbers are amazing enough by themselves. But let’s have a close look.
You could cherry-pick plenty of data points. But here is an interesting one:
The operators under the Golden Nugget online casino permit combined for about $14.9 million in revenue. At a vacuum, that sounds like an amazing number.
But let’s give this context to it: the earnings of Golden Nugget would have been larger for any month at 2015 than the entire NJ casino marketplace. That is some growth generally speaking for NJ and GN.
Golden Nugget’s July 2019, and change the calendar beforehand t0 2016 would outpace at the state this season for many online casinos.
Here’s another interesting way to look at the AC casino marketplace.
Just more than 40 million was made by The Borgata in July for gambling: It’s far beyond that mark, in greater than 80 million.
Is Hard Rock, with just under $39 million in revenue. That is significantly less than total is made in by NJ online casino and casino.
Online gaming is the equivalent of including the revenue of another casino on a large one at that, and Atlantic City, with none of the ill consequences if you have a look at it like this. (And, no, these online casinos aren’t taking away earnings the physical casinos might be getting; the huge majority of online revenue is additive, not cannibalistic.)
Resorts isn’t the destination. It came in last position in July for casino earnings.
But including PokerStars, DraftKings internet casino and Mohegan Sun — it has turned into a stalwart in online gambling. Resorts earnings from internet casino topped $6.2 million for July, and that’s not even close to its 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 recent years.
Casino gambling this year with all the DraftKings Sportsbook at NJ’s accession has been the big needle-mover here. As cross-sell from sports into casino matches will offer a second opportunity in the arm, and once football season is back in swing, then start looking for another uptick to get Resorts revenue.
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