SugarHouse Online Casino, PlaySugarHouse.com, experienced sky rocketing growth in March 2017. The newcomer to the New Jersey online casino market (slots and table games) has gone from strength to strength reporting an increase of over 50% Gross Gaming Revenue in March 2017 compared to February 2017. This is after showing a 25% month-over-month growth in the previous 6 months.
According to the latest New Jersey (NJ) DGE numbers released for March 2017, the New Jersey market overall generated an 18% increase in online casino growth month over month and a staggering 40% year on year, easily setting a new all-time record high of $21.7 million. That beats the previous month’s record of $18.7 million.
The Golden Nugget iGaming license (representing the Golden Nugget, Betfair and SugarHouse Online Casino brands) remains the clear market leader reporting a massive 19% growth collectively from March 2017 compared to February 2017. The increase brings the Gross Gaming Revenue up to over $6 million, a new record benchmark after hitting the $5 million mark for the first time in February 2017. We expect that the Golden Nugget licensed brands will continue to lead the growth charge in the New Jersey iGaming market.
Apart from Caesars, all online casino licenses in the New Jersey market including the likes of Resorts AC, Borgata, Golden Nugget and Tropicana have experienced a healthy growth in casino Gross Gaming Revenue in March 2017. This kind of growth continues to show support for the overall land based casino revenues, proving that cannibalization concerns are a thing of the past.
NJ Casino Revenues by License Holder