Online Casino Sector Continues
Nov 30, 2020 New Jersey’s online casino revenues for 2020 nearly reached the $750 million mark with October included. Pennsylvania’s mobile casinos eclipsed the $400 million milestone in October, as online casino gaming continues to persist as one of the fastest-growing industries in the US. New Jersey Online Casino Revenue October 2020. 2 days ago If you want to earn fast cash, the best place to go might be an online casino. Online gambling continues to grow in popularity, and is expected to reach a value of $92.9 billion by 2023.However, this isn’t just because of the excitement it brings; it also gives people the convenience to cash in and win large sums of money.
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- Online Casino Sector Continues Games
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A Brief History
In 1638, the Great Council of Venice established the first known European gambling house, the Ridotto, which was not called a casino although it meets the modern definition. The casino industry is now one of the most lucrative sectors in the world, and generates revenues of over $45 billion each year. By 2024, it is expected to bring in a staggering $94.4 billion. This impressive growth has come about thanks to the internet and the rise of online casinos. Gambling houses existed for an incredibly long time before this spike in the modern era, though, and games of chance have been written about across centuries of history. Here we examine the early history of casinos, and analyze how the internet brought about such a dramatic upturn in their popularity.
Digging Deeper
Gambling Houses and the Rise of Places like Vegas
In the USA, gambling originally took place in saloons. Games would range from card offerings like poker and blackjack, to knife games like five-finger fillet. Players would bet against each other to enhance the games. Around the turn of the 20th Century, slot machines were invented and rolled out across the land. These were three-reel mechanical offerings, on which players had to pull a lever and try to match symbols. Gambling was outlawed in the States in the early 1900s, but the state of Nevada legalized it again in 1931. This led to a number of casinos cropping up in that region, and is the reason why Las Vegas grew into one of the world’s biggest gambling hotspots.
During the great construction of the Hoover Dam in the 1930s, the population of Las Vegas swelled from around 5000 people to 25,000. This led to a rise of entertainment in the area, with casinos playing a major role. Vegas enjoyed its most explosive growth in the 1970s, which was also when gambling was made legal in some other places including New Jersey, the home of Atlantic City. Vegas was getting more attention in the mainstream at this time, and was also attracting big name celebrities like Frank Sinatra who helped to promote the city. The popularity of Vegas led casino owners across the world to try and recreate a similar kind of exhilarating experience. Games like roulette, craps, and baccarat became world famous.
Online Casinos in the Internet Era
The gambling industry has always been open to change, and has embraced technology over the years. This has been seen most notably with slot machines, which have evolved greatly since Charles Fey released the Liberty Bell in 1895. For a long while the games were purely mechanical, but then they embraced electricity in the 1960s. The first electromechanical slot was called Money Honey, developed by Bally in 1963.
Online gambling began to take off in the late 1990s. In 1996, there were 15 websites which offered players a chance to stake on games of chance. This increased to 200 by 1997, and from then on the growth was exponential.
As internet speeds became much faster in the 2000s, the number of online casinos in existence multiplied. Players were suddenly able to get a casino gambling experience in their homes, and it was easy and convenient. There is so much competition in the industry now that thousands of operators are competing to be the best online casino. There are specialist sites detailing the characteristics of the best casino sites, and players can click here to get more information.
The online casino industry has allowed for a number of innovations to come about. Slot games, in particular, have benefited from the digital technology and have become highly advanced over the last ten years. Nowadays, most slot games have five reels, exciting side games, music, cut scenes, and numerous win lines. Classic games like roulette and blackjack have also undergone some changes, and there are now themed variants of the games and diverse ways of playing. Multi-wheel roulette is a prime example of this.
The online casino industry continues to go through changes as it seeks to get even bigger. One of the main aims of the sector has always been to try to recreate a real casino experience for players at home, and this is being done by incorporating new technology like live streaming. This enables players to watch live video links to real games and stake on them in the same way they would if they were in a casino. They can sometimes even chat to and tip the dealer. The next step in refining this experience could be done using virtual reality. The technology may be able to provide players with the feeling that they are actually sitting in a casino.
The casino industry has a long and rich history, but most of its progress has occurred in the last twenty years. With technology advancing at an astonishing rate, there are likely to be more leaps forward in the evolution of the casino industry in the near future.
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Historical Evidence
For more information, please see…
Carpenter, Mike. Las Vegas The Grand: The Strip, the Casinos, the Mob, the Stars. Independently published, 2017.
The featured image in this article, a photograph by BrendelSignature at English Wikipedia showing the en:Las Vegas Strip facing south, is licensed under the Creative CommonsAttribution-Share Alike 3.0 Unported license. Subject to disclaimers.
The upward potential of legal online gambling in the US continues to push the bar higher. In each of the last four months, New Jersey and Pennsylvania have reached record numbers in monthly revenue for online casinos.
Online Casino Sector Continues Finance
Revenue numbers for the two biggest online casino markets in the nation still haven’t shown any signs of capping off. New Jersey’s online casino revenues for 2020 nearly reached the $750 million mark with October included.
Pennsylvania’s mobile casinos eclipsed the $400 million milestone in October, as online casino gaming continues to persist as one of the fastest-growing industries in the US.
New Jersey Online Casino Revenue October 2020*
| Retail Operator | Online Skins | October 2020 Revenue | Month-Over-Month Change | YTD Revenue | Year-Over-Year Change |
|---|---|---|---|---|---|
| Golden Nugget Atlantic City | Golden Nugget, Betfair, SugarHouse, BetAmerica | $28,126,521 | +8.2% | $263,397,418 | +87.1% |
| Borgata Hotel Casino | Borgata, BetMGM, PartyCasino, Pala Casino | $21,355,150 | +9.5% | $149,585,626 | +166.9% |
| Resorts Digital Gaming | Resorts, Mohegan Sun, PokerStars Casino, DraftKings Casino | $20,786,191 | +8.0% | $155,328,769 | +117.9% |
| Caesars Interactive | Caesars, Harrah’s, 888 Casino, Wynn | $7,281,168 | +12.1% | $63,567,211 | +64.2% |
| Tropicana Casino & Resort | Tropicana, Virgin Casino, William Hill | $7,245,658 | +20.8% | $57,983,370 | +56.5% |
| Hard Rock Atlantic City | Hard Rock, Unibet, Bet365 | $5,460,960 | -12.1% | $47,572,864 | +162.2% |
| Ocean Casino Resort | Ocean Online Casino, Parx Casino | $678,101 | -13.2% | $8,239,398 | +84.4% |
| Totals | $90,933,749 | +8.0% | $745,674,656 | +103.4% |
*Revenue figures do not include online poker.
Mobile Casino Revenue Sets All-Time Monthly Record Again In New Jersey
New Jersey’s online casinos set another new all-time record for monthly revenue, doing so for the fourth consecutive month. October 2020 now tops the list of biggest-earning months in the history of New Jersey’s online casino industry, followed by September, August, and July 2020.
Online casino operators in the Garden State went over the $90-million mark for the first time, earning $90,933,749 in revenue for November. Golden Nugget Atlantic City ($28.1 million) maintained its hold as the top-earning operator in the state,
Earnings for New Jersey’s most popular online casino operator hit an all-time monthly high in July when the Golden Nugget Atlantic City license topped the $31.4 million mark. After two straight declining months, Golden Nugget (Golden Nugget NJ, Betfair Casino, SugarHouse, BetAmerica) saw an 8.2% increase in month-to-month revenue for October.
Both Borgata and Resorts Digital Gaming went over the $20 million mark in monthly earnings for the first time, as they continue to battle for the No. 2 market share spot in the state. Golden Nugget, Borgata, and Resorts Digital Gaming make up 78% of the overall market share in New Jersey.
The October figures from the New Jersey Division of Gaming Enforcement can be viewed here.
New Jersey Online Poker Revenue October 2020
| Retail Operator | Online Skins | October 2020 Revenue | Month-Over-Month Change | YTD Revenue | Year-Over-Year Change |
|---|---|---|---|---|---|
| Caesars Interactive | WSOP, 888 | $951,651 | -7.4% | $14,265,851 | +89.2% |
| Resorts Digital Gaming | PokerStars NJ | $842,307 | -5.3% | $11,100,935 | +87.8% |
| Borgata Hotel Casino | Borgata, partypoker NJ, BetMGM, Pala Poker | $723,816 | +9.8% | $8,010,874 | +88.3% |
| Totals | $2,517,774 | -1.4% | $33,377,660 | +88.5% |
New Jersey’s regulated poker networks have settled on $2.5 million as a steady monthly revenue figure. October’s monthly revenue reports saw online poker operators in New Jersey (Caesars Interactive, Borgata, Resorts Digital Gaming) bring in $2,517,774, almost identical to September’s $2,554,216 figure.
The state’s trio of poker licenses held roughly equal market share for October. Through the first ten months of 2020, Caesars Interactive stands as the top online poker operator in New Jersey, with about 42% of overall share. Those numbers are bolstered by July’s WSOP Online Bracelet Events series, which brought in an all-time high in monthly revenue for Caesars.
Pennsylvania Online Casino Revenue October 2020*
| Retail Operator | Online Skins | October 2020 Revenue | Month-Over-Month Change | YTD Revenue |
|---|---|---|---|---|
| Rivers Casino Philadelphia | SugarHouse, BetRivers | $16,604,301 | +3.0% | $126,664,938 |
| Penn National DraftKings Casino | DraftKings Casino | $11,043,742 | +8.4% | $41,037,879 |
| Valley Forge Casino Resort | FanDuel Casino | $10,026,771 | +10.1% | $73,722,850 |
| Parx Casino | Parx Casino | $5,929,793 | -4.7% | $50,933,774 |
| Penn National Hollywood Casino | Hollywood Casino | $4,497,092 | -1.6% | $42,322,387 |
| Mount Airy Casino Resort | PokerStars Casino | $4,506,787 | +6.7% | $39,665,632 |
| Mohegan Sun Pocono | Unibet | $2,595,861 | +9.1% | $19,901,362 |
| Harrah’s Philadelphia | Caesars | $774,230 | -1.3% | $5,038,369 |
| Wind Creek Bethlehem | Wind Creek Casino | $595,934 | +6.0% | $1,406,241 |
| Presque Isle Down and Casino | BetAmerica | $484,952 | +19.5% | $2,603,829 |
| Live! Casino Philadelphia | PlayLive! Casino | $278,463 | +167.2% | $407,768 |
| Totals | $57,337,926 | +4.9% | $403,705,029 |
*Revenue figures do not include online poker.
PA Mobile Market Continues 2020 Surge
Like New Jersey, Pennsylvania’s online casinos remain on a streak of setting new revenue highs in each passing month. The Keystone State’s mobile casinos have set all-time revenue records four months in a row, topped by the October 2020 mark of $57,337,926.
Penn National Gaming’s pair of licenses (DraftKings Casino, Hollywood Casino) took in more than $15.5 million in combined revenue for October, as Penn National continues to gain on Rivers Casino (SugarHouse, BetRivers) for the number one market share spot in Pennsylvania.
The Pennsylvania Gaming Control Board reports the DraftKings and Hollywood online casinos as separate licenses. The Penn National Gaming DraftKings license by itself stands in the No. 2 spot in this month’s Pennsylvania roundup.
The booming Pennsylvania online casino market also includes competitive offerings from Valley Forge (FanDuel Casino), Parx Casino, and Mount Airy Casino Resort (PokerStars Casino).
October revenues brought the 2020 totals to over $400 million for the year in Pennsylvania.
Pennsylvania Online Poker Revenue October 2020
| Retail Operator | Online Skin | October 2020 Revenue | Month-Over-Month Change | YTD Revenue |
|---|---|---|---|---|
| Mount Airy Casino Resort | PokerStars PA | $2,422,505 | +2.0% | $30,725,528 |
Pennsylvania hosts one regulated online poker site, PokerStars PA, which came in at just over $2.4 million in revenue for October. That marked a slight increase from September revenue and overall PokerStars PA numbers in the $2.4-$3 million range in each of the last four months.
Both 888 Holdings and Roar Digital (parent company to the partypoker US Network) are approved to join the Pennsylvania market, with the launch date on those products pending.
PokerStars PA launched in November 2019 and is now approaching the one-year mark of operations in Pennsylvania. October earnings brought PokerStars PA (under the Mount Airy Casino license) to over $30 million in revenue for 2020.
West VirginiaOnline Casino Revenue October 2020
| Retail Operator | Online Skins | October 2020 Revenue* | Month-Over-Month Change | YTD Revenue** |
|---|---|---|---|---|
| Hollywood Casino at Charles Town Races | DraftKings Casino | $1,338,938 | +49.3% | $2,934,219 |
| The Greenbrier | BetMGM | $810,830 | +87.5% | $1,308,043 |
| Totals | $2,149,768 | +61.7% | $4,242,262 |
*total revenue figures for weeks ending in October 2020
**total revenue figures for weeks ending in 2020
Online Casino Sector Continues No Deposit
Upward Trend For Newest Online Casino Market In The US
West Virginia joined the ranks of legal online states in the US in July 2020. That month marked the launch of DraftKings Casino, with BetMGM launching the following month.
October marked the second full month with both mobile casino brands in operation. The two licenses combined took in just under $2.15 million in revenue for the month.
DraftKings Casino, under the iGaming license of Hollywood Casino at Charles Town Races, took in just under $1.34 million for October. BetMGM, licensed to The Greenbrier, posted more than $810,000 in earnings, an 87.5% increase over the previous month.
Online Casino Sector Continues Games
The monthly revenue figures from the West Virginia Lottery can be seen here.
Delaware Online Casino Revenue October 2020
| Online Operator | Online Skins | October 2020 Revenue | Month-Over-Month Change | YTD Revenue | Year-Over-Year Change |
|---|---|---|---|---|---|
| 888 Casino | Delaware Park, Dover Downs, Harrington | $600,438 | -23.9% | $6,614,022 | +149.7% |
Delaware Online Poker Revenue October 2020
| Online Operator | Online Skins | October 2020 Revenue | Month-Over-Month Change | YTD Revenue | Year-Over-Year Change |
|---|---|---|---|---|---|
| 888 Poker | Delaware Park, Dover Downs, Harrington | $43,276 | -15.8% | $567,454 | +138.6% |
Delaware Online Gaming Declines In October, But Still Up Big In 2020
Online Casino Sector Continues Bonus
Both online casinos and poker took a revenue dip in October in Delaware. The 888 Casino platform declined nearly 24%, while the 888 Poker Delaware network dropped nearly 16%. Both 888-powered platforms incorporate the same three online skin (Delaware Park, Dover Downs, Harrington).
Online Casino Sector Continues Games
The Delaware iGaming industry has still made big strides in year-over-year revenue in 2020. Online casino revenue is up nearly 150% versus 2019, while online poker has gained more than 138%.
Online Casino Sector Continues Bonus
The summary of online poker and casino revenue from the Delaware Lottery can be viewed here.