Market Monitor: New Jersey May 2022 Market Monitor: New Jersey May 2022

New Jersey online poker revenue declined for the 15th straight month, with the three licensees reporting a combined $2.3 million in revenue, down 4% year-over-year, the latest data from the New Jersey DGE show.

However, it was the best annual performance in eight months, suggested some stability is creeping back into the market after a tumultuous two years.

The Caesars license, used by both 888 and WSOP for online poker, retook first place in the market; Borgata (BetMGM, party) had held it for three months. Its uptick corresponds to the start of the live WSOP series in Nevada.

Resorts (PokerStars) was in fact the only licensee to see revenue decline month-on-month, and its annual performance was also the weakest, down almost 14%. The operator’s market share of just 27% is a notable drop from 30% a year ago, and a far cry from the 39% it enjoyed in June 2020.

Online casino revenue hit $133.7 million last month, off the market high set in March and a slight dip on April’s $134.6 million, but still representing robust 23% growth year-on-year.

Borgata/BetMGM remains the market leader with $39 million in revenue; its 30% year-over-year growth beats the market. Golden Nugget (which includes Sugarhouse and others) at $38 million is not far off.

Resorts, which includes DraftKings in online casino, saw revenue dip to $28.5 million, slipping away from the top two. Its market share is down to 21%; a slide from the 24% it enjoyed six months ago.