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New Jersey sets sports betting revenue record in January


Licensed operators in New Jersey generated $53.6m in sports betting revenue in January, representing a new monthly record for the state.

January revenue comfortably surpassed the previous record of $46.4m that was set in October of last year, while the monthly total was also up by 185.2% year-on-year from $18.8m in January 2019.

Players wagered a total of $540.1m on sports last month, which was 40.0% up from January 2019. Much of this wagering was done over the internet, with the state’s online handle standing at $471.1m, compared to retail at $69.9m.

Meadowlands and sub-licensees FanDuel and PointsBet remained the market leaders in New Jersey, posting $26.4m in revenue, a huge increase of 277.2% on the previous year.

Resorts Digital, which hosts DraftKings and Fox Bet under its license ranked second with revenue of $15.9m, up 130.6% on January 2019.

Monmouth Park and William Hill placed third with revenue of $3.7m for the month – up 83.9% on last year – followed by Borgata with $3.2m, a significant rise of 370.0% on the previous year.

Ocean Resort was the only other operator to post revenue in excess of $1m, with its $2.3m total being 84.1% higher than last year.

In terms of online gaming, revenue was up by 64.0% year-on-year in January to $55.1m. Golden Nugget led this area of the market with revenue of $21.2m, up 74.1% on the previous year, and above the land-based venue’s revenue of $15.0m.

Resorts Digital also saw significant year-on-year growth with revenue up 84.8% to $11.9m, while revenue at the Borgata jumped 118.7% to $10.4m.

Land-based casino revenue also increased by 8.3% year-on-year to $192.1m in January, boosted by an 11.3% rise in slots revenue. Total slots win amounted to $140.3m for the month, while table games revenue climbed 1.1% to $51.8m.

Total gaming revenue in New Jersey for the month came in at $300.7m, which was 30.9% higher than the $229.6m posted in January of 2019.