Golden Nugget Online Sports Betting Nj
Golden Nugget Online Gaming (GNOG) is no longer a single-state operator. Besides the Garden State, the parent company of Golden Nugget online casinois live in Michigan.
- Golden Nugget NJ Online Casino. Golden Nugget is an online casino that has been operating legally in New Jersey since 2014. It runs under its own gambling license (NJIGP 15-007) that also covers partner sites like Betfair Casino and SugarHouse Casino.
- Despite closing the SPAC business combination back on December 29, Golden Nugget Online Gaming (GNOG) has seen very limited media coverage in January. The online gambling company recently launched.
- While Golden Nugget has long established its brand through its luxury hotel/casinos in Las Vegas and Atlantic City, their beginning to make strides into the online sports betting arena. Golden Nugget Sportsbook first launched in February of 2019 and has not looked back since. The company is owned by Tilman Fertitta, owner of the Houston Rockets.
However, when talking about preliminary 2020 financial results, the numbers are 100% New Jersey. And like previous quarters, they are extremely strong.
GNOG announced some of the preliminary financial results via a press release. Here are a few of the highlights for the 12-month period ending Dec. 31, 2020:
- Total revenue of between $90 and $91 million compared to $55.4 million in ’19, an increase of approximately 63%
- Gross Gaming Revenue of between $101 and $102 million, compared to $60.9 million, an increase of approximately 67%
Golden Nugget's NJ online casino offers a wide variety of game choices with the largest selection in the NJ online casino market. Golden Nugget's game library consists of around 700 games in total: 610 slots games (and counting!), 15 blackjack variations, 18 table games, and even 17 different video poker options. Golden Nugget Online Sportsbook. Available on desktop, mobile and tablet devices across the state of New Jersey, The Sportsbook offers great odds and a huge variety of markets across the United States and International sports. Pre-match and live betting (in-game) are available across more than 14 sports.
Operating income is between $23 and $24 million for an increase of about 38% compared to the $17.6 million.
However, according to the release, it was between $28 and $29 million before factoring approximately $4 to $5 million in costs related to the business combination with Landcadia Holdings II, Inc.
Tilman J. Fertitta, chairman and CEO of GNOG, was pleased with another year of rapid and profitable growth.
“2020 was a transformational year for GNOG, which went public, reached $100 million in GGR and signed market access agreements in multiple states,” said Fertitta.
“We look forward to replicating our New Jersey success in many other states and taking advantage of the strong growth of online gaming in the US.”
Golden Nugget 2020 New Jersey recap
Any conversation regarding NJ online casino revenue is typically led by Golden Nugget.
For 2020, the land-based partner of Golden Nugget online casino finished first among the seven license holders with $318.9 million in revenue for an 80.1% year-over-year increase.
Keep in mind the number includes revenue from its three other online casino partners:
- Betfair NJ online casino
- BetAmerica
- SugarHouse online casino
However, it is Play NJ’s understanding that Golden Nugget online, as a brand, is responsible for the majority of the result.
As a whole, 2020 NJ online casino revenue came in at $970.3 million, setting a new all-time high. Golden Nugget, as a license-holder, had a 33% market share.
GNOG ‘thrilled to be live in Michigan’
So New Jersey essentially set the foundation for GNOG’s much bigger national plans.
This includes the Jan. 22 launch of Michigan online operations. Golden Nugget is operating in partnership with the Ojibwa Casino.
Thomas Winter, president of GNOG, said “we are thrilled to be live in Michigan and are optimistic on the revenue opportunity.”
“We have just launched our marketing campaign and are already recording close to $2 million dollars in daily casino wagers. Michigan is embracing online gaming at a rapid pace and we anticipate that our business in the Great Lakes State will exceed our earlier expectations,” said Winter.
New addition to GNOG management team
Besides the preliminary earnings and Michigan outlook, Golden Nugget announced the hiring of online gaming industry veteran Kevin Vonasek as its vice president of corporate development.
He is the former chief product officer Americas at NYX Gaming Group and Vice President of business development Americas at Scientific Games Digital.
Winter said Vonasek “will play a key role in our ambitious expansion plans.”
GNOG previously announced plans to expand into Pennsylvania, West Virginia and other markets. So the company has no plans of slowing down its growth.
Golden Nugget Online Sports Betting Nj Online
Website : Golden Nugget Casino
Golden Nugget Sports Offers Premium New Jersey Sports Betting
Online sports betting is now available for residents of New Jersey. Golden Nugget is one of the most popular online casinos in the state, and now you can also bet on sports at the Golden Nugget sportsbook. From basketball to football and many other sports, making a bet on collegiate or professional events is as close as your computer, phone, or tablet.
About Golden Nugget Sports
You may already be familiar with the Golden Nugget casino. It has rapidly become one of the finest online gambling venues for those who live in New Jersey. The casino has now expanded its operations to include sports betting. This gaming operator brings the same type of excellence to its sportsbook that it provides in casino gaming.
Golden Nugget has long been one of the most respected names in the gambling industry. It has a long history of providing live gaming in New Jersey, and it prides itself on customer satisfaction and the best selection of games.
Sports Betting at Golden Nugget
There are literally hundreds of games available for betting each day at the Golden Nugget online sportsbook. These include NHL ice hockey, NFL football, and Premier League soccer. One account is all you need to make bets on sports and also play casino games like slots and blackjack.
Golden Nugget Sports offers straight win wagers on sporting events with lines that are comparable to those found in Las Vegas. There are also money line wagers available. Players can participate in parlays that maximize their chance to win big.
Golden Lines are a unique feature of this online sportsbook. These are special lines created on events that cannot always be found at other sports betting establishments. One can make future wagers on who will win the 2020 Super Bowl as well as bets on who will win at the 2019 Academy Awards. There is always something exciting to bet on at the Golden Nugget.
Golden Nugget Deposits, Withdrawals, and Promotions
There are many ways for a player to deposit at the Golden Nugget for real money sports betting. The casino accepts Visa, MasterCard, bank transfer, PayPal, and Neteller. Withdrawals are always processed in a timely manner, and players have several options for receiving their funds.
There are also loyalty programs and bonuses for players. Currently, all new players to the casino are being given a $50 risk-free bet. You can choose a minimum $50 bet to make, and if the bet loses the Golden Nugget will refund you $50. This only applies to your first wager.
If you love sports betting, there is no better place to play online than Golden Nugget. You can even play with the casino's mobile app on your phone or tablet.
Golden Nugget Online Sports Betting Nj
Welcome bonus offered by Golden Nugget Casino
Try the legendary Golden Nugget Sportsbook on your computer, smartphone or tablet with a fantastic $50 Risk Free Bet.
Follow these steps and get your 100% Welcome Bonus Offer:
- Visit GoldenNuggetCasino.com, click on the 'SIGN UP NOW' button and fill in your information.
- Make your first single bet at Golden Nugget Sportsbook. Bet must be equal to $50. Bet odds must be -140 or greater.
- If your bet is settled as a 'loss,' Golden Nugget will refund your stake as a $50 Free Bet. If you make multiple bets, the Welcome Offer applies to the first bet that settles - regardless of the order bets were placed.
Players Must be Located in NJ to Play Real Money Online Casino.