2018 – The huge year that was for New Jersey Online Casinos
By Ken Edwards, 13 January 2019
2018 was a stellar year for the New Jersey Gaming Market with the NJ’s Online Casinos and the addition of legal sports betting to the Garden State’s gambling environment providing a dramatically successful highlights reel.
Here at Casino Billions New Jersey, we look back at the biggest stories to hit the New Jersey gaming scene in 2018.
New Jersey’s Online Casinos smash all Previous Online Gaming Records
While New Jersey sports betting was hitting all the headlines in the second half of 2018 with glitzy launches and whopping numbers, the Garden State’s online casinos simply got on with business to produce record results of their own.
For example, in November 2018, New Jersey’s seven iGaming licensees topped their all-time revenue high for the second month in a row, combining for a total of $26.9 million. A record $25.3 million came from table games like blackjack, while a very handy $1.5 million was contributed by online poker sites.
Take a look at how the revenue raising year unfolded for the online casino industry;
- January ($21,962,339)
- February ($21,992,124)
- March ($25,580,210)
- July ($25,897,517)
- October ($26,753,878)
- November ($26,944,073)
While December’s numbers are not yet known, it is expected to be around the record figure again as all other months have been in 2018. Despite online poker under performing and not living up to expectations, the future is looking good for the still relatively young New Jersey Online Casino Industry.
Will New Jersey Online Sports Betting Eventually Eclipse the Online Casino Market?
New Jersey’s gaming industry was ecstatic in May 2018 when the U.S. Supreme Court ruled in their favor and made online sports betting a legal possibility. The Garden State has been operating legal online casino betting since late 2013, however, it had to wait until June 2018 before being able to kick off with online sports wagering. It has been a major boost to the overall online gambling market, as sports betting is one of the hottest tickets in the state.
Since its launch in the summer, online sports betting has yielded more than half (hovering between 60 to 65 percent) of the total sports betting revenue in each of its six legal months of operation. Meanwhile, as mentioned above, online casino revenue numbers are up nearly 30% year-on-year.
In September 2018 for example, online sports betting yielded $12.55 million, while online casino numbers were almost double that at $24.1 million.
Its unsure if online sports betting can catch up, but it sure is in great shape! It’s notable that land-based casino slot and table game winnings dwarf the total sports betting revenue.
What is abundantly clear, is that online and mobile betting continues to build New Jersey a bold new future.
DraftKings builds the link between Online Casinos & Sports Betting
Buoyed-by-its-own-success in the sports betting sphere, and with one eye on the record revenue-numbers being recorded by the online casino industry, DraftKings launched its online casino operations with blackjack in December 2018.
Other online casino games are expected to be added to the DraftKings online stable shortly and readily available on all Android and iOS platforms.
Hard Rock & Ocean Resort Hit the NJ Online Casino Market
Online casino aficionados in the Garden State are interested to see how Hard Rock & Ocean Resort differentiate themselves to offer online players new experiences. Both new online casinos have launched a new range of promos and look certain to keep the big boys on their toes.