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New Jersey gambling revenue edges up 0.3% in November


The New Jersey Division of Gaming Enforcement (NJDGE) reported a marginal 0.3% year-on-year increase in gambling revenue for November, despite further declines in sports betting.

Revenue for the month amounted to $441.1m, up from $439.6m in November last year but 1.0% down from $445.7m in October of this year.

Land-based gambling revenue was 3.7% higher year-on-year at $214.5m, with slots revenue 1.3% up to $156.7m and table game revenue rising 10.9% to $57.9m.

Online gambling continued its upward trend with revenue increasing 23.9% to $146.2m. Of this total, $144.0m was attributed to internet slots, while just $2.1m came from online peer-to-peer poker.

The Borgata, which counts BetMGM among its skins, retained the top spot in this area of the market, posting $44.3m in revenue. Not far behind was Golden Nugget and FanDuel with $37.7m, marginally ahead of Resorts Digital with DraftKings on $37.7m.

Turning to sports wagering, revenue was down 29.9% year-on-year from $114.8m to $80.4m, with player spending also falling 14.7% to $1.10bn. Of this total, $1.03bn was bet online, compared to just $69.0m at retail sportsbooks

The Meadowlands, which has a FanDuel betting skin, remained the clear marker leader with $48.8m in revenue. Following in second was Resorts Digital and DraftKings on $16.6m, then Borgata and BetMGM with $7.7m.

For the year to date, total gambling revenue in the 11 months to the end of November was $4.76bn, up 9.8% on the previous year. Land-based revenue was 9.7% higher at $2.57bn and igaming revenue jumped 22.5% to $1.51bn, but sports betting revenue declined 10.8% to $675.3m.