New Jersey reported a record $392.8 million in gaming revenue for June, more than triple what the state brought in one year ago during the pandemic year, according to data from the state’s Division of Gaming Enforcement (NJDGE).
Higher online casino and sports betting revenue, coupled with an increase in land-based casino revenue, lifted the Garden State to a 4.9% month-to-month increase in overall monthly revenue, up from $374.2 million in May.
By comparison, total revenue was just $97.6 million in June 2020. But that figure reflects the pandemic year when casinos had been shuttered since mid-March and sports wagering events were cancelled.
The state’s previous record for total gaming revenue was $364 million in July 2010, according to reports.
Online gaming revenue in June 2021 totaled $107.1 million. The figure includes $104.8 million in online casino games and $2.2 million for online poker.
Online Casino Revenue Hits Mark Again
For the fifth time since January, and for the sixth time overall, monthly online casino revenue in New Jersey topped $100 million, hitting $104.8 million in June. But revenue was flat, and the year-to-year growth rate continued to slow, reaching just 29% in June.
By comparison, growth rates in online casino revenue mostly exceeded 100% between April and December 2020 and 80% between January and March 2021.
Borgata remained atop the field and took a 32% market share and reported $33.6 million in revenue in June, up 5% month-to-month and more than double year-to-year.
Golden Nugget held second place in June in terms of market share with about a 26.5% stake and $27.6 million in revenue. The operator’s revenue was down 11% month-to-month and down 5% year-to-year.
Resorts remained in third place for the 11th consecutive month with a 21% share. Revenue totaled $21.9 million, up 5% month-to-month and 37% year-to-year.
Poker Revenue Slips
Meanwhile, online poker revenue in the Garden State fell to $2.2 million in June 2021, its lowest point since before the pandemic, according to the NJDGE.
Poker revenue from the state’s three licensed operators declined 37.5 percent year-to-year, marking the fourth consecutive month with a year-to-year shortfall. But the year-to-year numbers improved for the third consecutive month as the industry laps the pandemic year. Similar year-to-year declines are expected in the coming months, as the market reflects the effects of a brief boom in online poker that coincided with the pandemic during the first months of 2020.
Caesars (WSOP/888) maintained its lead atop the field in terms of poker for the 13th month in a row, driving its market share up to 40.5% in June, it’s highest since April, when it held 42% of the market. Caesars reported $892k in revenue, down 3% month-to-month and 36% year-to-year.
Borgata (including partypoker and BetMGM) increased their market share for the second consecutive month, reaching 33% in June, its highest market share since March. The operator was in second in terms of market share for the seventh consecutive month. June 2021 online poker revenue was $733k, down 5% month-to-month and 20% year-to-year.
Resorts and its PokerStars NJ partner yielded market share to Caesars and Borgata and held a 26.5% stake of the market in June, its lowest share since December 2020. Resorts reported $585k in online poker revenue in June, down 19% month-to-month and 53% year-to-year.
Sports Betting Revenue Surges
Revenue from online sports betting hit $62.2 million, the second-highest month on record after the $74.2 million in revenue from January 2021. Sports betting increased 29% month-to-month, up from $48.1 million in May.
Meadowlands Racetrack continued to dominate the space with a 61.5% market share in June, a tick lower than May. But revenue jumped to $38.1 million, up from $29.8 million in May.
Resorts, in a distant second place, had a 28% market share and reported $13 million in revenue, up from 36% and $9.5 million in May.