New Jersey Online Gaming Starts 2020 with New Record

New Jersey Online Gaming Starts 2020 with New Record

The first month of 2020 was a good one for all of New Jersey gaming. From slot machines in land-based casinos to sports wagering and online poker, every form of gambling showed positive numbers in January.

The first report of the year from the New Jersey Division of Gaming Enforcement noted $300.7 million in total gaming revenue for the month of January. This was a 30.9% increase over the first month of 2019. Of course, sports wagering was up by the most drastic percent of 185.2%, as it was just getting started last year, but internet gaming showed the second-greatest increase of 64%.

If the trend keeps up as 2020 progresses, this could be an entire year for the record books.

January 2020 Online Poker Revenue

For the second month in a row, the online poker numbers increased from the previous month. It is good news from an otherwise downswing-filled sector of the internet gaming industry in New Jersey.

Even so, the year-on-year decreases continued. Since last year was the worst to date for online poker revenue, it doesn’t bode well that the yearly numbers are still down.

–January 2020 online poker win:  $1,832,211

–December 2019 online poker win:  $1,734,814

–January 2019 online poker win:  $1,882,890

Month-on-month:  5.6% increase

Year-on-year:  2.7% decrease

January 2020 Online Casino Games Revenue

The new year differs only from the last one in that the revenue from online casino games – slots and table games – is higher and higher. The January 2020 number set another monthly record.

The year-on-year growth also remained significant. The online casino sites continue to amaze and show no signs of finding a plateau. Growth rates have stayed fairly steady for several years.

–January 2020 online casino games win:  $53,254,379

–December 2019 online casino games win:  $47,593,143

–January 2019 online casino games win:  $31,711,501

Month-on-month:  11.9% increase

Year-on-year:  67.9% increase

Total Internet Gaming Win for January 2020

Another impressive number for the internet gaming sector set a record…again. It sets a high bar for the new year, but it seems like one that internet gaming will be happy to exceed

–January 2020 total internet gaming win:  $55,086,590

–December 2019 total internet gaming win:  $49,327,957

–January 2019 total internet gaming win:  $33,594,391

Month-on-month:  11.7% increase

Year-on-year:  64% increase

Other Gaming Gets Solid 2020 Start

Sports betting seems to have found its footing in the last few months of 2019 and through January 2020, even hitting a growth spurt last month.

Of course, the sports season had something to do with it, as January was a huge betting month for major league football leading up to the Super Bowl. In general, however, the sector seems to be on a solid rise.

–January 2020 sports betting win:  $53,561,626

–December 2019 sports betting win:  $29,424,884

–January 2019 sports betting win:  $18,777,582

Month-on-month:  82% decrease

Year-on-year:  185.2% increase

Land-based gambling had a solid month to kick off 2020, too. After some struggle-ridden years, the growth percentages are welcomed and positive. The monthly decrease is to be expected for the time of year but shouldn’t be a predictor going forward.

January’s increase came mostly from slot machine revenue, which was up 11.3% on its own, with table game revenue only up 1.1%.

–January 2020 casino win:  $192,060,322

–December 2019 casino win:  $208,553,276

–January 2019 casino win:  $177,275,998

–Month-on-month:  7.9% decrease

–Year-on-year:  8.3% increase

Total New Jersey Gaming Revenue for January 2020

To sum it all up, it was a good month.

–January 2020 total gaming revenue:  $300,708,538

–December 2019 total gaming revenue:  $287,306,117

–January 2019 total gaming revenue:  $229,647,971

–Month-on-month:  4.7% increase

–Year-on-year:  30.9% increase

 

 

About Jennifer Newell

Jennifer began writing about poker while working at the World Poker Tour in the mid-2000s. Since then, her freelance writing career has taken her from Los Angeles to Las Vegas and back to her hometown of St. Louis, where she now lives with her two dogs. She continues to follow the poker world as she also launches a new subscription box company and finishes her first novel. Jennifer has written for numerous publications including PokerStars.com and has followed the US poker and gaming market closely for the last 15 years. Follow Jen on Twitter

Disclaimer: The information on this site is my interpretation of the laws as made available online. It is in no way meant to serve as legal advice or instruction. We recommend that you seek legal advice from a licensed attorney for further or official guidance.

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