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Historically, New Jersey online casino revenue in November is typically flat when compared with October.

• Nj Online Casino List
• Atlantic City Casino Revenue

Well, that’s not the case this year.

NJ online casinos earned $47,645,412 with online poker bringing in another $1,492,494. That means it was another record-setting month in the Garden State.

The total online gambling revenue of $49,137,906 is 12.3% above October’s revenue and puts the online casino industry within reach of hit another big milestone: $50 million in revenue. While that is impressive, it is the 82.3%increase over the same period last year that is making headlines.

In 2019, Atlantic City grew with the opening of the Hard Rock casino in the former Trump Taj Mahal and the Ocean Casino Resort in the Revel. The casinos brought new jobs and more revenues to the state, but it also caused some concern that oversaturation will eventually take place. Dec 17, 2019 After another impressive showing in October where online gambling in NJ combined for a record $85.58 in revenue, November's revenue numbers once again hit the $80-million mark as revealed by the. The DGE NJ has reported Golden Nugget Casino’s total revenue for 2018 was $102,784,534. That is a 39.4% increase from the previous year and by far the largest amount of annual revenue to date. The next closest competitor in 2018 was Borgata Casino at $58,749,803 in total revenue.

Here’s a look at the top-line numbers.

Revenue / ∆ Month Over Month / ∆ Year Over Year:

• Total: $49.1 million / +12.3% / +82.37%
• Online casinos: $47.6 million / +13.0% / +87.7%
• Online poker: $1.5 million / -5.98% / -4.43%

November 2019 NJ online casino highlights

There is a lot to unpack in this month’s revenue report, including these highlights:

• NJ online casino revenue sets a new record and records the highest year-over-over increase since its launch.
• Online poker in NJ posted its third-largest decrease of the year when compared with the previous month.
• Four NJ casino operators posted record revenue for the month.
• Golden Nugget not only continues to dominate the market, but it is also gaining market share.

Contributing to the record numbers are the four casinos that posted revenue records:

Ocean Casino is the surprise name on that list. However, its revenue is still in the mid-six figures, and it has a long way to go before catching up to the pack.

It is worth noting, the monthly year-over-year increase percentage for overall casino revenue has not fallen below 30% since October 2018. In fact, for 2019, only one month fell below 50%.

Even so, an 82% increase is pretty remarkable for a time of year that is typically slower than the rest. The next largest year-over-year increase came last month at 69%.

November’s month-over-month increase is also a record by a lot.

When comparing November to October, here are the increases by year:

• 2019: 8.68%
• 2018: 0.71%
• 2017: 0.21%
• 2016: 3.02%
• 2015: 2.79%
• 2014: -14.15%

Then there is poker.

Poker might be struggling more than usual with the launch of PokerStars in Pennsylvania.

PokerStars ran its popular Championship of Online Poker (PACOOP) during the first two weeks of December. It would not be surprising for December’s revenue report to also show a significant decline.

AC online casino market share

What is not a surprise is Golden Nugget’s place at the top of the podium. It is holding on strong to first place, and it is hard to imagine what it will take to overcome its lead.

At the end of 2018, Golden Nugget commanded 35.09% of the market. At the end of November 2019, Golden Nugget holds a 38.5% market share, its largest share percentage to date.

A closer look at New Jersey online gambling

There wasn’t any movement among AC casinos in the month of November. Golden Nugget remains on top, followed by Resorts and Borgata.

Resorts produced the largest year-over-year growth (207.55%), thanks in part to DraftKings Casino.

As expected, the bottom three also remained the same:

Tropicana is the only casino posting a month-over-month decline (-5.4%). It also lost slightly more than 1% of its market share this month, but more than 3% since the beginning of the year. To put that in perspective, this month, each percent is worth about half-million dollars.

Ocean Casino, on the other hand, is the only casino to have a decline in year-over-year revenue (-24.89%). November 2018 was Ocean Casino’s highest earnings month of $731,887. While the casino has seen some slight increases of late, it’s been pretty much downhill since then.

What the November NJ online casino revenue report tells us

While historical revenue helps predict future trends, this year has been anything but predictable.

The year started with a record-setting month and hasn’t looked back.

The market welcomed four new NJ online casinos this year. One of those casinos is under the Golden Nugget license, which can help explain some of its increase in market share.

However, the real story is that new online casinos don’t seem to be cannibalizing customers from existing operators. Instead, the market is expanding as the operator list grows.

There were three months in 2019 where revenue didn’t exceed the revenue from the month prior: February, April and June. Those months tend to be slow, and you can see similar patterns in previous years. In that sense, history seems to be repeating itself.

Last year at this time, we were busy trying to predict when New Jersey online gambling would hit $30 million in revenue. Now, we are trying to guess when it will hit $50 million.

If you look at the revenue percentage increase from November to December 2108 (7.6%), then 2019 will likely end on a high note.

Nj Online Casino List

When will New Jersey online casinos stop growing?

That is the question that comes up every month as the Division of Gaming Enforcement (DGE) releases the monthly online casino revenue figures.

The answer is not October 2019 as the online casino market posted another record-revenue month of $45.2 million.

In fact, during 2019, online casino revenue, which includes online poker, posted record numbers seven out of 10 months. Year to date it is sporting a 58.2% growth compared to the same period last year.

October 2019 (normalized for the extra day) grew 6.4% from September, which was also record-setting, and an impressive 69% when compared to October 2018.

So, no. New Jersey’s online casino gambling is not done growing yet.

October 2019 online casino revenue highlights

It is probably no surprise that Golden Nugget AC and its online gambling partners continue to lead the NJ market. The fact that the company keeps one-upping itself is what is really impressive.

This month, however, Golden Nugget is not the only online casino turning heads. Here are a few highlights from this month’s revenue numbers:

• Golden Nugget online casino revenue surpasses its retail revenue for the first time.
• Resorts online numbers hit the eight-figure mark for the first time.
• Golden Nugget and Resorts combined revenues for October surpasses the entire online casino market in the same month last year.
• Poker continues to struggle with declines in both month-over-month and year-over-year numbers.
• Ocean Casino Resort is the only online casino to post a year over year decline.

October 2019 online gambling by the numbers

Golden Nugget improves on its best month to date earning $16.6 million in revenue. The online gambling component is holding down the fort this month as the casino’s brick-and-mortar revenue earned $14.7 million, down 9.6% from last month.

Resorts Digital, which includes DraftKings Casino and PokerStars, brought in $10.3 million, good for its first eight-figure month and an increase of a massive 196.2% compared to October 2018.

Borgata, which includes PartyCasino and BetMGM and is the undisputed leader in the brick-and-mortar category, also had a good month. It brought in a record online casino revenue number of $7.7 million, good for a 77.7% increase year over year.

Caesars Interactive Entertainment earned $4.26 million, which is nothing to sneeze at. However, compared to others, 9% year-over-year growth seems a little anti-climatic.

Tropicana posted a growth of 4.8% with $3.88 million. When you are sitting near the bottom of the pack, any growth is good news.

And at the bottom of the totem pole are Hard Rock Atlantic City and Ocean Casino.

Hard Rock, which includes Bet365 and Unibet, earned $1.8 million. While that is good for a 78% improvement over last year, it is still far out of reach of moving up a spot on the leaderboard.

Ocean Casino stayed in six-figures at $543,043. And as mentioned above, it is the only casino to post a year-over-year decline (8.8%).

What New Jersey’s October revenue tells us

The monthly online casino revenue report makes it clear we should stop asking when the market will stop growing. It will tell us when its good and ready and that time is clearly not now.

Online casino games, such as slots and table games, brought in $43.5 million of the $45.2 million for the whole online casino market. That represents a 6.8% increase month over month and a massive 73.6% increase year over year.

What’s important to note is that historically NJ online casinos remain relatively flat from September to October making a 6.8% increase something to write home about. Case in point:

• Sept. to Oct. 2018: 3.9% increase
• Sept. to Oct. 2017: 0.9% increase
• Sept. to Oct. 2016: 2.7% increase
• Sept. to Oct. 2015: 6.9% increase
• Sept. to Oct. 2014: 7.4% decrease

Atlantic City Casino Revenue

The above-expected increase could very well be attributed to the increase in cross-selling products, as more NJ sportsbook apps launch and join their casino/poker counterparts.

Need more proof online casino games are not done growing? Just take a look at the trend line applied to the yearly online casino revenue chart:

There is no hint of slowing down there either. Also, notice the 2019 YTD figure. With two more months of revenue to add, the question that comes to mind is whether New Jersey can hit $500 million for the year? It will be tough, but it is possible.

So, here’s an idea, instead of focusing on when it will stop, how about focusing on how to keep it going?

Of course, there is no obvious answer to that question, but a good start is for online casinos to:

• Continue to innovate
• Invite more people to the party
• Keep customer-friendly promotions and regulations

Oh, and huge Divine Fortune jackpots that continue to pay out certainly won’t hurt the cause, either.

What NJ online poker revenues tell us

There is no need to ask when the NJ online poker market will stop growing because it stopped a long time ago. The needle barely moves from month to month.

In October, online poker brought in $1.6 million from all online New Jersey poker rooms.

That is a 3.1% decrease compared to September when normalized for the extra day. A look at year over year and poker is also declining, .08% in October 2019.

It is sad to say, that for online poker a stagnant month is a relatively good month.

Looking ahead to November 2019

Historically, online casinos tend to take a bit of dip or remain flat in November and when it does, please don’t ask if the market has stopped growing. Just know that the decline is expected.

Keep an eye on NJ online poker revenue, however. PokerStars PA is now live and the site is already drawing some impressive numbers. The numbers and guarantees from the Sunday major tournaments could be enticing enough for some New Jersey poker players to head out of town and across the border for their weekend grind.

The news doesn’t get any better for poker, either. PokerStars also announced PACOOP – The Championship Of Online Poker as the site’s signature tournament series.

It will run from Nov. 30-Dec. 16. With more than $1 million in guarantees, it is not hard to imagine that it will have a negative impact on NJ poker revenue in December, as well.

Instead of predicting more success or worse, that the sky has fallen, let’s just sit back and revel in another mind-blowing month thanks to online casino gambling in New Jersey. And we’ll see you back here next month to do it all over again.