[toc]Another $20 million-plus month in July has the New Jersey internet gambling industry passing some significant milestones.
The New Jersey Division of Gaming Enforcement released its monthly internet gaming report Monday. It showed the state’s online gambling operators pulled in $20,585,542 in internet gaming revenue in July. The number was up slightly from the $20,233,399 in internet gaming revenue recorded in June 2017.
However, it also represented a fairly significant increase over the $17.4 million in internet gaming revenue recorded in July of last year. Plus, it was miles ahead of the $12.5 million recorded two years ago in July 2015.
On pace for record NJ online casino revenues
Total New Jersey internet gaming revenues reached $196.7 million in 2016, setting a new record. Through the first seven months of this year, total online gambling revenues have already reached $142 million. The industry is on pace to average $20 million per month and cross the $240 million revenue mark this year.
The July numbers also helped push New Jersey’s total online gaming revenues past the $600 million mark since the market’s November 2013 launch. Online gambling operators in NJ have now earned combined gross revenues of $619.36 million since going online less than four years ago.
More than $108 million in NJ taxes paid
Thanks to its 15 percent tax rate on internet gaming operations, the state of New Jersey collected $3.6 million in tax revenue from online gambling in July. That number pushed the total tax revenue collected on internet gaming in the state up to to $108.1 million since the 2013 market launch.
Golden Nugget continued to set a blistering revenue pace in the online casino sector in July. In addition to its own branded NJ online casino, Golden Nugget hosts the Betfair (now FanDuel NJ) and SugarHouse-branded online casinos under its internet gaming license. In July, the three sites combined to post gross online gaming revenues of $6,249,752.
This marked Golden Nugget’s best month ever. It was also the second time it passed the $6 million monthly revenue mark. Golden Nugget remains the only NJ internet gaming licensee to have hit this mark.
Resorts online casino and partner sites including PokerStarsNJ posted $3,750,529 in internet gaming revenue for the month. The Tropicana and Virgin online casino collective recorded $3,586,241 in gross internet gaming revenue.
Meanwhile, sites operating under Caesars Interactive Entertainment’s license brought up the rear with $3,213,194 in revenue in July.
NJ online poker rebounds in July
After posting its worst revenue numbers ever in June, the state’s online poker sector did rebound some in July. Gross revenues from NJ online poker sites reached $2,008,124 last month, up from a record low of $1.74 million.
Image credit: Kate Iniakina / Shutterstock.com