New Jersey continues to be one of America’s most well-known states when it comes to gambling. We all know about Atlantic City and its glamorous casinos, but online gambling in New Jersey is blooming as well.
As of 2018, there were seven DGA approved online casinos in New Jersey, and they all keep fighting for their share of the market. The guys from NJ Games closely follow the revenue growth of these casinos and rely on the statistics that are released by the Division of Gaming Enforcement of New Jersey.
We thought it would be nice to share some of these stats and information with our readers and get them interested in the subject of New Jersey's online casino market.
Namely, the market share for online gambling in this state has rapidly changed since 2014. At that time, the Bogota Hotel and Casino was the primary operator in New Jersey with 42% of the market share, followed by 34% by Caesars Casino in Atlantic City.
In 2015, Trump Plaza Associates and Trump Taj Mahal Casino Resort stopped operating, leaving five players left in the game. In 2016, the market was almost equally separated between all operators, with none of them holding less than 16% and more than 24% of the market share.
Things slowly started to change in the last couple of years as Golden Nugget Casino started gaining more and more revenue. Namely, Golden Nugget only had $11 million in revenue for 2014, while that number exceeded $100 million last year. This casino was the only one with a positive growth trend in each of the last five years.
Right now, the Golden Nugget has 33% of the market share, followed by Borgata (19%), Resorts Casino (16%), Caesars (15%), Tropicana (14%), and two new additions to the New Jersey online casino market, Hard Rock Atlantic City (2%) and Ocean Resort Casino AC (1%).
Check out the NJ Games site to learn more exciting facts about New Jersey’s online casino industry and their revenue growth trends.
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