Golden Nugget Tops AC Casinos in June Online Revenue
The Golden Nugget Casino set a new high mark for 2020 with over $29.1 million in monthly online gross revenue, according to reports released by the New Jersey Division of Gaming Enforcement Tuesday.
June’s number continues Golden Nugget’s streak of leading the NJ online casino field throughout the 2020 calendar year. The reported revenue is slightly higher than the May total.
Golden Nugget operates its titular online casino, along with BetFair, PlaySugarHouse, and BetAmerica in the Garden State. The four properties have combined for over $150 million in revenue over the first six months of 2020, nearly double the amount earned at this point in 2019.
On the NJ online sports betting site, the company did over $66,500 in internet revenue between BetAmerica and Golden Nugget Sportsbook. That number comes near the bottom of the pack amongst New Jersey operators.
Overall, New Jersey saw a major year-over-year increase in online gaming revenue of $84.9 million for the month, compared to $32.9 million.
For the year, Internet gaming is nearly double the 2019 revenue at over $422 million. However, the state is so far down over $500 million for the year in Total Gaming Revenue.
Tuesday’s revenue report is the first since Golden Nugget announced the online casino would go public in a sale to Lancadia II. Owner Tilman Fertitta would remain chairman and CEO of the Golden Nugget Online Gaming after the sale. The deal is planned to close at the end of Q3 with no set IPO date.
“GNOG is one of the best-positioned companies to capitalize on this massive online gaming opportunity in the US,” said Rich Handler, Co-Chairman of Landcadia II and CEO of Jefferies LLC in a press release from late June announcing the deal. “We at Jefferies couldn’t be more thrilled to partner with Tilman and bring this great opportunity to the public markets.”
Golden Nugget has been an innovator in the online casino field, as the first to offer NJ Live Dealer and Live Casino Floor in the United States. The company has won the EGR North America Top Operator Award three consecutive years.