New Jersey’s regulated online gambling market earned a respectable $24.8m in August but couldn’t sustain its record-breaking summertime pace. Figures released Wednesday by the New Jersey Division of Gaming Enforcement (DGE) show the state’s licensed online gambling operators generated revenue of $24.8m in August, a 16.6% improvement over the same month last year but $1.1m below July 2018’s record performance.
Following the market’s by now predictable pattern, the online casino vertical did all the work in August, with revenue rising nearly one-fifth year-on-year to just under $23m. The poker vertical lived down to its reputation, falling nearly 13% to just over $1.8m. For the year-to-date, New Jersey’s online revenue is up 16.5% to $190.2m, of which $175.4m came via casino products. Online poker contributed just $14.8m so far in 2018, and that’s down more than 11% from the same period last year.