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NJ Online Casinos Generate Highest Revenues To Date – $63.65 Million

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With an additional $24.22 million in online sports betting revenue this March, led by a dominating performance from FanDuel Sportsbook (Sports betting revenue reports under Meadowlands,) NJ online gambling operators generated a total of $63.65 million in online gross revenue compared to a total of $44.6 million in the previous month, according to BonusSeeker.com.

Online gaming revenue jumped a whopping 42.7 percent in March compared to the prior month, according to figures released Friday by the New Jersey Division of Gaming Enforcement. New Jersey online gambling operators report revenues in three gaming categories;

  • $37.23 million in gross online casino gaming win
  • $24.22 in gross online sports betting win
  • $1.90 million in gross online poker gaming win

New Jersey online casino operators are hotter than ever as they closed the first quarter for 2019. Gross revenue growth on casino games is led by operators under the umbrellas of Golden Nugget Online Casino and Resorts Online Casino. Golden Nugget’s $14.22 million reporting includes gross casino game revenues from Golden Nugget Online Casino and SugarHouse Online Casino, to along with both Betfair Online Casino and FanDuel’s online casino players. Resorts Casino’s $7.86 million gross casino games revenue comes from play at DraftKings, Mohegan Sun Online Casino, Resorts Online Casino, and PokerStars.

Even without the massive revenue growth from sports betting activity, NJ gambling sites marked the largest month-over-month gain in the market since its inception, generating $39.13 million in online poker and casino game revenues in the March 2019.

“Something special is clearly clicking over at FanDuel, who just set a new benchmark for success in regulated online gambling. With Pennsylvania online casinos opening operations in the next few months, 2019 is proving to be a pivotal year in the legalization of online gambling in the US.” BonusSeeker.com Managing Editor, Rich Migliorisi.

New Jersey Online Gambling Revenue by the Numbers – March 2019 (in $ millions)

Casino

Golden Nugget   

$14.23

Resorts                

$7.86

Borgata                 

$4.96

Caesars                 

$4.33

Ocean Resort         

$0.497

Hard Rock               

$1.63

Tropicana

$3.72

Total                      

$37.23

Poker

Golden Nugget        

$0

Resorts                    

$.613

Borgata                    

$.483

Caesars                   

$.806

Ocean Resort          

$0

Hard Rock               

$0

Tropicana

$0

Total

$1.90

Combined (Casino + Poker)

Golden Nugget     

$14.23

Resorts                  

$8.473

Borgata                  

$5.44

Caesars                 

$5.13

Ocean Resort        

$0.497

Hard Rock             

$1.63

Tropicana

$3.72

Total

$39.13

Sports

Bally      

$.335

Borgata 

$.101

Golden Nugget

$.098

Hard Rock          

$.0016

Ocean Resorts   

$1.42

Resorts Digital    

$7.28

Meadowlands

$13.32

Monmouth

$1.67

Tropicana

$.021

Total

$24.22

For more information, visit https://www.bonusseeker.com

About BonusSeeker.com:
BonusSeeker.com is a leading source for iGaming news, online games, and online casino / sports betting promotions in the U.S. regulated online gaming markets.

 

SOURCE BonusSeeker.com


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: NJ Online Casinos Generate Highest Revenues To Date – .65 Million

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Sportradar’s Alpha Odds Receives Dual Honors at European iGaming Awards 2025

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Sportradar is pleased to announce that it was recognized with two prestigious honors at the European iGaming Awards during ICE Barcelona.  The company’s innovative Alpha Odds solution was honored in two competitive categories, continuing to solidify Sportradar as a leader in the online gaming industry. The European iGaming awards, a benchmark for excellence in the sector, celebrate groundbreaking achievements and advancements that redefine the gaming experience.

Alpha Odds received recognition in the following categories:

  • 2024 Innovation of the Year: Celebrating the pinnacle of innovation and creative thinking in iGaming.
  • Best Sports Betting Innovation: Honoring extraordinary advancements in the sports betting arena.

A service offered through Sportradar’s Managed Trading Services (MTS), Alpha Odds leverages AI-driven odds personalization technology to deliver bespoke betting prices for sportsbook operators. Alpha Odds recalculates financial exposure in real time, enabling operators to manage liability with unparalleled precision, reduce risk and enhance profitability. Since its launch, Alpha Odds has generated an average 13% improvement in margin performance for sportsbooks using the solution.

Through Alpha Odds, Sportradar’s MTS continues to optimize trading strategies and elevate sportsbook profitability, while reinforcing Sportradar’s position as a trusted technology partner for operators worldwide.

The post Sportradar’s Alpha Odds Receives Dual Honors at European iGaming Awards 2025 appeared first on European Gaming Industry News.

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Xanada Investments Announces Strategic Investment in Bettorify

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Xanada Investments has announced a strategic partnership with Bettorify, an emerging platform provider delivering localized and premium iGaming solutions.

Bettorify’s core differentiator lies in its dedication to localization. The company specializes in white-label and turnkey platforms that resonate with local players, particularly across Asia’s diverse and rapidly growing iGaming market.

By integrating local payment methods and offering a tailored game portfolio, Bettorify enables operators to meet the unique needs of players while navigating regional complexities with ease.

Xanada Investments’ role goes beyond capital infusion. The fund brings extensive expertise, a powerful network, and a shared vision for success. With this partnership, Bettorify is set to improve its offerings further, expand operations across Asia, and bring tailored, competitive solutions to operators navigating the region’s complex landscape.

Vladimir Malakchi, CEO & Managing Partner of Xanada Investments, shared his thoughts:
“Bettorify offers a compelling answer to the growing demand for localized solutions in Asia’s iGaming market, which remains one of the most dynamic and under-served regions globally. Their approach to building deeply customized platforms for local audiences is both innovative and necessary.

Hanna Rai, CEO of Bettorify, expressed enthusiasm about the partnership: “Our collaboration with Xanada Investments marks a pivotal moment for Bettorify. Their strategic guidance and support will help us accelerate our growth, expand our footprint across Asia, and continue delivering unmatched platforms that operators and players love. Together, we aim to set a new standard in the iGaming industry.”

The post Xanada Investments Announces Strategic Investment in Bettorify appeared first on European Gaming Industry News.

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Yaspa and Playbook Engineering join forces to revolutionise iGaming payments

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Real-time payment provider, Yaspa, has partnered with Playbook  Engineering, a global leader in betting platforms, to deliver cutting-edge instant bank payment solutions for their online betting sites. This collaboration will enable players to enjoy seamless, fast, and secure payment journeys using Pay by Bank for deposits and withdrawals.

As Playbook Engineering upgrades its payment systems, they’ve strategically selected Yaspa  as their exclusive real-time payment provider. Together, they’re setting a new standard for  speed, security, and compliance in iGaming payments.

Luke Cousins, Commercial Director at Playbook Engineering, shared his enthusiasm for the partnership: “When enhancing our payment systems, it was crucial for us to partner with a provider that could match our vision for innovation and deliver a modern, user-friendly experience. Yaspa stood out as a leader in open banking and iGaming payments. Their expertise, coupled with their innovative approach to compliance and safer gambling, made them the perfect fit. We’re excited to bring these benefits to our operators and players.”

James Neville, CEO of Yaspa, echoed the sentiment: “We’re delighted to join forces with Playbook Engineering, a company that shares our commitment to advancing the iGaming industry. By integrating open banking payments into its platform, Playbook is paving the way for faster settlements, greater transparency, and an unparalleled user experience. Together, we’re raising the bar for what iGaming payments should look like.”

Why this matters

Open banking is transforming the way players interact with iGaming platforms, offering faster transactions, improved security, and reduced friction. With Yaspa’s cutting-edge technology and Playbook Engineering’s scalable betting platform, this partnership is set to deliver a payment experience that keeps operators ahead of the curve.

 A shared vision

Yaspa and Playbook Engineering share a passion for innovation and compliance. By choosing to integrate Yaspa’s cutting-edge payment platform, Playbook Engineering reaffirms its dedication to providing both operators and players with a comprehensive, modern payment ecosystem.

The post Yaspa and Playbook Engineering join forces to revolutionise iGaming payments appeared first on European Gaming Industry News.

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