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New Jersey sports betting revenue rises again in August


Sports betting revenue in New Jersey was up 174.0% year-on-year in August, while the US state also saw revenue increases within its online gambling and land-based casino markets.

Revenue from regulated sports wagering in New Jersey amounted to $25.2m last month, up from $9.2m in August 2018 and also an improvement on $17.9m in July of this year.

Sports betting handle for the month stood at $293.6m, with $249.2m of this total generated through online sportsbooks. The remaining $44.4m came courtesy of land-based operations in the state.

Meadowlands Racetrack and Flutter Entertainment’s FanDuel remain some way out in front in the New Jersey market, posting revenue of $11.9m for August.

Resorts Digital and partner DraftKings followed in a distant second with $6.7m in sports betting revenue, while Monmouth Park and William Hill ranked third on $2.1m.

For the year-to-date to the end of August, the New Jersey sports betting market generated a total of $152.7m in revenue, with punters having placed $2.53bn in wagers in the process.

Meanwhile, New Jersey also saw further growth within its iGaming market, with revenue climbing 65.7% from $24.8m in August 2018 to $41.1m this year. This was also up on the $39.3m posted in July.

Online casinos games were again the primary source of income for operators in the state, with revenue from such activity amounting to $39.4m. In contrast, poker revenue for August amounted to $1.7m, slightly down on last year.

Golden Nugget remains the market-leader in New Jersey with iGaming revenue of $15.0m for the month, ahead of Resorts Digital on $7.4m and Borgata with $7.1m.

Elsewhere, land-based casino revenue was up 6.1% year-on-year from $269.9m to $286.5m, but this was down from the $277.2m posted in July.

The Borgata remains by far the most successful land-based venue in the state with revenue of $71.9m in revenue, followed by the Hard Rock with $31.7m and then Harrah’s on $31.1m.