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New Jersey sets $1.0bn sports betting handle record in September


New Jersey smashed its sports betting handle record in September as consumers wagered more than $1.0bn, while the US state also saw its total gambling revenue for the month jump 40.3% year-on-year.

Overall gambling revenue in September amounted to $453.6m, up from $323.3m in the corresponding month last year and 6.1% higher than $427.7m in August this year.

New Jersey’s sports betting market experienced the most significant year-on-year growth in September, with revenue here up 82.9% to $82.4m.

Consumers wagered a total of $1.01bn on sports in December, a new monthly-high for the state, surpassed the previous record of $966.3m set in December 2020. A total of $918.4m was spent with online sportsbook, while the remaining $92.7m was wagered at retail sites.

FanDuel and PointsBet at Meadowlands remained the market leaders in the sports betting segment, posting $41.3m in revenue, ahead of the Borgata and BetMGM on $13.4m and Resorts Digital and DraftKings with $13.2m.

Looking at online casino and revenue here amounted to $122.6m, surpassing the previous monthly record of $118.7m set in July this year and 39.9% higher than $87.6m in September 2020.

Online slots revenue was 41.2% higher at $120.1m, but internet peer-to-peer poker revenue slipped 2.4% to $2.5m for the month.

The Borgata claimed top spot in the online casino market with $38.2m in revenue, followed by Golden Nugget Online Gaming (GNOG) on $31.1m, then Resorts Digital with $28.4m.

In terms of land-based casinos, total revenue was up 30.4% year-on-year to $248.5m, with slots revenue at $182.0m and table games revenue $66.5m.

For the year to date, overall gambling revenue in New Jersey during the nine months to the end of September was $3.44bn, up 77.4% from $1.94bn at the same point last year.

Sports betting revenue was 150.0% higher at $557.8m, while online casino revenue was up 44.2% to $998.7m and land-based casino revenue 83.8% higher at $1.90bn.