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New Jersey boosted by land-based growth in June


Land-based casino win helped push revenue in the regulated New Jersey gambling market up month-on-month to $283.8m (£225.7m/€251.6m) in June, despite the state seeing declines in both sports betting and online gaming revenue.

Casino revenue amounted to $236m in June, up 13.7% on $207.5m in the same month in 2018, and a rise on the $276.8m posted in May of this year, according to official figures from the New Jersey Division of Gaming Enforcement (NJDGE).

Slots remain the primary source of income for New Jersey’s land-based casinos by some margin, generating $168.3m in revenue compared to $165.2m in May.

However, it was table games where casinos saw most growth, with revenue up from $57.7m in May to $67.7m in June, representing a month-on-month rise of around $10m.

The New Jersey igaming market, meanwhile, saw revenue dip slightly month-on-month from $38.3m to $38.1m.

Golden Nugget remains the runaway market leader in igaming, posting revenue of $13.6m for the month, down from $14.1m in May. Resorts Digital ranked second with revenue of $6.9m, but third-placed Borgata continued to close the gap on $6.0m.

The NJDGE also noted further struggles in sports wagering, with revenue falling month-on-month from $15.5m to $9.7m. Sports betting handle dropped from $318.9m to $273.2m, of which $226.7m was wagered online.

Meadowlands and partner FanDuel retained top spot in the market with revenue of $4.4m for the month, although this represents just over half of the revenue it posted in May ($8.7m).

Its nearest challengers, Resorts Digital and DraftKings, saw revenue amount to $2.7m in June, down from $4.1m in May. Monmouth Park and partner William Hill completed off the top three with revenue of $1.2m, slightly down on $1.4m in the previous month.

For the year to date, through to the end of May, overall gambling revenue in the state stood at $1.59bn, up 26.2% on $1.26bn at the same point last year.

Casino win is 13.1% ahead of last year on $1.26bn, with igaming revenue also up 55.8% to $217.5m, despite the lack of growth in June. Sports betting win for the first six months of 2019 amounted to $109.6m.