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Online casino revenue now makes up nearly 93% of total NJ online gambling revenue, the highest chunk the industry has seen thus far. While some might surmise that NJ’s two new online casinos, Hard Rock and Ocean, could cannibalize revenue at established competitors, they certainly had little effect on Borgata and Golden Nugget’s bottom line in July. Last month, Golden Nugget had its best month ever, boasting a win of $9,328,814, over half-a-million dollars more than its previous top month this March. GN, which serves as the umbrella for Betfair and SugarHouse ( and soon Churchill Downs ), consistently dominates the NJ online casino industry in terms of revenue. This year, it has banked $58,272,651 in total, around $28 million more than Borgata, its closest competitor. Golden Nugget’s July revenue was nearly 50% more than what it took in during the same time period last year, an astounding feat considering that overall market growth has slowed considerably. Borgata was the other big winner last month, posting a record high win of $4,463,799, a 42% Y/Y bump. The licensee, which also counts playMGM and PartyCasino NJ as partners, had its previous best month in May, but eclipsed that amount by nearly $300,000 in July. All of the casinos under Borgata’s wing launched popular Live Dealer games in May , which could be one of the drivers behind its impressive recent earnings.
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