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NJ gambling up 8.9% in December as sports betting handle nears $1bn


The New Jersey Division of Gaming Enforcement (NJDGE) has reported an 8.9% year-on-year increase revenue for December, as players wagered almost $1.0bn on sports during the month.

Total revenue for the month amounted to $312.9m, up from $287.3m in the same month in 2019.

Sports betting revenue for December reached $66.4m, up 125.6% from 2019, with players wagering a total of $996.3m, an increase of 78.6% on the previous year. Some $929.3m was bet online, compared to $67.0m at retail locations.

FanDuel and PointsBet at Meadowlands led the NJ sports betting market in December with $33.2m in revenue. Resorts Digital and DraftKings ranked second with $15.4m, then the Borgata on $7.5m.

Online gambling revenue for the month amounted to $99.5m, up 101.6% from December 2019. Internet casino and slot games revenue amounted to $96.4m for the month, while online poker win reached $3.0m.

Golden Nugget topped the New Jersey igaming market in November with $29.4m in revenue, ahead of the Borgata on $27.2m and Resorts Digital with $21.0m.

In contrast, casino win for the month was 29.5% lower at $147.1m, with slots revenue down 34.4% year-on-year to $98.4m and table game win falling 16.8% to $48.7m, as land-based casinos continued to face novel coronavirus (Covid-19) restrictions.

For the year-to-date, total gambling revenue was down 17.0% from $3.47bn to $2.88bn, primarily due to the impact of Covid-19 closures on the physical, retail market.

Land-based casinos, retail sportsbooks and other gambling venues in the state were forced to close between mid-March and July in line with state rules for Covid-19, while facilities have faced operating restrictions such as capacity limits since reopening in the summer.

Sports wagering revenue in the state’s fiscal year-to-date (from July 1) amounted to $398.5m, which was 33.1% up from $299.4m in the previous year. The state’s handle also increased 31.4% to $6.02bn as players wagered more on sports with licenced operators.

Some $5.5bn was bet online, compared to $487.1m at retail venues, the latter of which were impacted by Covid-19 closures and restrictions throughout almost the entire year.

In terms of online gambling, revenue here more than doubled from $482.7m in 2019 to $970.3m last year. Online casino and slot games accounted for $931.5m of all revenue – up 101.7% 2019 – while online poker revenue was also up 85.3% to $38.8m.

Casino win at land-based casinos for the period declined by 43.7% to $1.51bn, with slot machine win down 43.4% to $1.09bn and table games falling 44.5% to $424.4m.