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New Jersey gambling revenue rises to $276.8m in May


The New Jersey Division of Gaming Enforcement has reported a 27.1% year-on-year rise in regulated gaming revenue in May, aided by land-based and online casino growth. 

Total revenue rose to $276.8m, with a 15.3% increase in casino gaming revenue to $222.9m complemented by a strong month for igaming, which offset a weaker performance from sports betting.

Casino revenue came predominantly from slot machines, which accounted for $165.2m – or 59.7% – of the total. Table game revenue for the month was up 9.7% to $57.7m. 

iGaming revenue, meanwhile, grew 57.8% year-on-year to $38.3m, with the figure also representing a 4.6% improvement on the prior month’s total. Golden Nugget’s leadership of the state’s online casino market shows no signs of abating, with the venue’s monthly total of $14.1m (up 63.7%) accounting for 36.7% of the monthly total. 

Its nearest competitor was Resorts Digital which generated $8.0m for the month, more than double its total for the prior year. The Borgata made up the top three, with revenue of $5.9m. 

New Jersey’s sports betting market endured a difficult month, however. Revenue was down 26.9% month-on-month at $15.5m. Total handle amounted to $318.9m, of which $263.6m, was staked online. 

Meadowlands, with its sports betting partner FanDuel, continues to lead the vertical, despite a 28.1% decline in revenue from April to $8.7m. The closest challenger, Resorts Digital (and partner DraftKings) saw revenue decline 14.6% to $4.1m. 

The only other operator to generate sports betting revenue of more than $1m was Monmouth Park, partnered with William Hill, which accounted for $1.4m of the market total.

For the year to date, New Jersey gambling revenue was up 27.3% to $1.31bn. Casino gaming accounted for $1.03bn of this sum, with a further $179.4m coming from online gaming. Sports betting’s year-to-date total will pass $100m next month, currently standing at $99.9m.