New Jersey Online Poker Revenue Up in July
For the first time in recent memory, New Jersey’s online poker revenue increased. July numbers from the New Jersey Division of Gaming Enforcement showed a monthly and yearly increase for online poker, the part of the internet gaming sector that has had an extremely difficult time in the past two years.
Internet gaming as a whole increases every month by leaps and bounds due to non-poker casino games, but July showed such a number that – combined with a positive swing for online poker – it set a new monthly record for the industry.
All in all, July was a very good month for internet gaming in New Jersey.
July Online Poker Revenue
Every few months, the online poker segment of the internet gaming business in New Jersey inches up slightly. This has happened more often in 2019 than in all of 2018.
But it is a rarity that the online poker number shows an increase year-on-year.
Granted, the low online poker numbers across the board in 2018 were disappointing, but that does give 2019 a chance to do better. July 2019 was one of those months.
–July 2019 online poker win: $1,886,918
–June 2019 online poker win: $1,770,178
–July 2018 online poker win: $1,848,553
—Month-on-month: 6.6% increase
—Year-on-year: 2.1% increase
July Online Casino Revenue
The online casino games in New Jersey are the real stars of the industry in New Jersey. Online slots and table games offer ever-increasing revenue that makes internet gaming a shining star and provides hope that other states may join the internet gaming business in a barely-emerging US market.
July delivered another record-setting month with its online casino games.
Not only did these games set a monthly record – again – but they showed a massive rise from the previous year’s numbers – again.
–July 2019 online casino games win: $37,428,813
–June 2019 online casino games win: $36,288,066
–July 2018 online casino games win: $24,048,964
—Month-on-month: 3.1% increase
—Year-on-year: 55.6% increase
July Internet Gaming Sets Another Record
The big numbers for all of internet gaming continue to get bigger, thanks primarily due to online casino game growth. The month of July was no different, as the sector set a new bar yet again.
–July 2019 total internet gaming win: $39,315,731
–June 2019 total internet gaming win: $38,058,244
–July 2018 total internet gaming win: $25,897,517
—Month-on-month: 3.3% increase
—Year-on-year: 51.8% increase
Impressive Half-Year Numbers
With all of the monthly revenue numbers showing such growth, it is no surprise that the first half of 2019 is so positive. The numbers for January through July 2019 are a massive improvement over the same numbers from last year.
–January-July 2019 internet gaming revenue: $256,775,046
–January-July 2018 internet gaming revenue: $165,437,668
—Year-on-year: 55.2% increase
Online poker, however, is still down for the half-year, despite some recent small gains. There is a chance for the second half of 2019 to make progress and show growth, but that remains to be seen.
–January-July 2019 online poker revenue: $12,720,082
–January-July 2018 online poker revenue: $12,987,539
—Year-on-year: 2.1% decrease
Positive Effects on Total New Jersey Gaming
As proponents of online gaming have noted for years, internet gaming has been and continues to be a positive reinforcement in the overall gaming sector.
In July, for example, the revenue from land-based casino gaming came in at more than $277 million, though that was only 1.8% over the previous year. Add in online gaming and sports wagering, though, and the overall year-on-year gain for the entire state gaming industry was up 10.7%.
iGaming continues to be a major revenue driver in the state of New Jersey since its launch in 2013. https://t.co/9ylMkCHwIX
— iDEA Growth (@iDEA_Growth) August 15, 2019
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