New Jersey’s Division of Gaming Enforcement (DGE) has released August’s online gambling revenue. The figures show a drop from last month’s record revenue of $17.4 million. August’s revenue of $16.1 million is a 32% increase from last year and marked the 5th month in a row when the $16 million mark was exceeded.
Online poker also gained a significant 10% rise with a revenue of $2.2 million. PokerStars was was the best performer for the month, raising $865, 150. It’s closest competitor, WSOP.com/888 raised $699,500 with Borgata/ PartyPoker raising $608,800. The typical summer slump seems to have had no effect on the poker world as it rose 10.7% from the same time last year.
Online casinos continue to be the main source of revenue with a contribution of $13.9 million to the month’s revenue. Golden Nugget raised an impressive $3,5m to get ahead of Borgata who raised around $3.1 million. Ceasars Interactive Entertainment, raised $2.4 million through online casinos to come in third on August’s rankings. Totally, online casino revenues are up by 33% compared the same month last year.
Overall, Borgate Casinos and it’s affiliated sites were the top contributors to the revenue with Golden Nugget coming in a close second. Ceasars Interactive Entertainment, Resorts Digital Gaming, and Tropicana rounded off the list with combined poker and online casino revenues of $3.1 million, $2.89 million and $2,85 million respectively.
Land based casinos raked in a disappointing win figure $229.8 million, a 7% drop compared to last month with the state’s total gaming win dropping 5% to $245.9 million. Overall casino wins look to be on track to avoid a tenth consecutive annual decline. Currently, the win stands at $1.639 million slightly ahead of the $1.635 million from this time last year.
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