NJ April iGaming Revenue Is A Signal To Other States

NJ April iGaming Revenue Is A Signal To Other States
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Those states without online casino and poker might want to take a look at New Jersey’s gaming revenue for April. It’s a state that actually has some revenue.

New Jersey had almost $80 million in online casino ($74.8 million) and poker revenue ($5.15 million) in April, according to figures released Wednesday by the New Jersey Division of Gaming Enforcement. That is up 23.4% from $64.8 million in March and more than double the $36.6 million the state had last year in April.

RELATED: More about New Jersey sports betting and online gaming

Most states without the options that New Jersey has for online gaming and mobile sports betting have shown sharp decreases in revenue with physical casinos closed the past several weeks. New Jersey’s numbers are down from when brick-and-mortar casinos were open, but they are far better than most states. Pennsylvania, Delaware and Nevada also have legal iGaming.

New Jersey also has favorable regulations for registering to bet via mobile and online — unlike Nevada, which requires bettors to register in-person at physical casinos. Some sportsbooks in Nevada are opening drive-throughs to register new bettors.

New Jersey Sports Betting, April vs. March

April ‘20 March ‘20Change
Net Revenue $2.634M$13.181M-80%
Total Handle $54.593M$181.909M-70%
Online Handle $54.593M$163.449M-66.6%

The total sports betting handle for April in New Jersey was $54.6 million, according to the DGE report. It was all mobile since casinos in the state have been closed since mid-March. With few sports to bet on, the April figure is down 70% from March and had a decline of 82.6% year-over-year from April 2019. Sports betting revenue was $2.63 million, down 80% month-to-month from March 2020 ($13,181,101). The April figure declined 87.6% year-over-year from April 2019 ($21,215,747).

Mobile betting was 89.9% of the market in March 2020 and 81% in April 2019.

Total gaming revenue for April in New Jersey was $82.6 million. New Jersey sports betting was on a record-setting pace for 2020, but that stopped in March, usually a huge sports betting month because of the NCAA men’s and women’s basketball tournaments.

CHECK OUT: The best legal NJ online casinos

Gov. Phil Murphy on Wednesday said he will start loosening the state’s stay-at-home order, allowing for some nonessential businesses to provide curbside pickup and restarting nonessential construction beginning Monday, according to published reports. Some town’s boardwalks are also allowed to start re-opening with under social-distancing guidelines.

He has not announced a decision regarding Atlantic City’s nine casinos. The casinos have been developing reopening plans to be ready when the state allows.

New Jersey Sports Betting, April 2020 vs. April 2019

April ‘20April ‘19Change
Net Revenue$2.634M $21.216M -87.6%
Total Handle $54.593M $313.720M -82.6%
Online Handle $54.593M $253.976M -78.5%

New Jersey Online Poker Rises

In New Jersey, the state’s three peer-to-peer online poker operators combined to take in a record $5.15 million in April, a 42% increase from $3.63 million in March, which had been the previous record for the state. April’s total was $3.5 million more than April 2019, a 209% increase year over year.

New Jersey has drawn $12.3 million in 2020 revenue from online poker.

Pennsylvania, which will report its gaming revenue in the next week, has seen similar record-setting numbers from online poker.

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