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New Jersey online casino revenue reaches $118.7m record in July


New Jersey posted a new monthly online casino record of $118.7m in July, as the US state also recorded a significant year-on-year increase in overall gambling revenue for the month.

Total revenue for the state’s gambling market amounted to $450.6m in July, up 70.4% from $264.5m in the same month last year and also 14.7% higher than $392.8m in June this year.

New Jersey continued to feel the effect of reduced novel coronavirus (Covid-19) measures, with the relaxation of rules meaning casinos and retail sportsbooks are open, albeit with some restrictions still in place.

Casinos closed in mid-March last year and did not reopen until the start of July 2020, but the venues faced significantly more restrictions when compared to the same month this year.

Covid-19 also impacted sports betting in July 2020, with some major events having delayed or cancelled due to the pandemic. However, this year saw an almost normal calendar that included the first week of the Tokyo 2020 Olympic Games.

As such, sports betting revenue rocketed 86.0% year-on-year to $55.0m, while the amount wagered by consumers also climbed 83.7% to $578.7m. Online remained the main method of betting in the state, with the $529.4m wagered online some way ahead of the $49.3m spent at retail sportsbooks during the month.

Basketball was the most popular sports to wager on, drawing $69.8m in wagers, ahead of baseball on $29.7m and football with $17.0m. A further $226.3m was wagered in parlay bets and $81.4m was spent betting on other sports.

FanDuel and PointsBet at Meadowlands retained top spot in the sports betting sector with $31.7m in revenue, some way ahead of Resorts Digital and DraftKings on $10.6m and the Borgata and BetMGM with $6.3m.

Turning to online casino and the record $118.6m was driven by a 39.8% jump in online slots revenue to $115.6m. In contrast, revenue from online peer-to-peer poker declined 36.2% to $3.1m.

The Borgata again ranked first in the igaming market with $36.5m in revenue for the month, ahead of Golden Nugget Online Gaming on $33.5m and Resorts Digital with $23.3m.

Land-based casino revenue hiked 91.8% year-on-year to $276.9m as the state felt the effect of eased Covid-19 restrictions on the retail market.

Slots revenue increased 83.0% to $204.6m, while land-based table game revenue more than doubled from $35.6m to $72.3m.

For the year to date, total market revenue in the seven months to the end of July amounted to $2.56bn, up 98.4% in the same point last year. Sports betting revenue was 205.7% higher at $423.3m, igaming revenue increased 47.6% to $752.9m and land-based casino revenue hiked 115.7% to $1.39bn.