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New Jersey sports handle passes 2020 total in August


New Jersey has generated more sports betting wagers so far this year than the whole of 2020, with the state breaking the $6bn mark by the end of August.

In figures released by the New Jersey Division of Gaming Enforcement (NJDGE), the state generated $427.7m (€362.7m/£309.5m) in total gaming revenue in the month to 31 August, which was up 31% on the same month in 2020. However, it was 5.1% below the $450.6m recorded in July 2021.

Sports wagering handle for the month was $664.7m, with $612.9m of that coming from online platforms. That means the state has total handle for the year-to-date of $6.13bn, which is more than the $6.02m generated in whole of 2020.

Sports wagering revenue of $52.0m was up 31.7% compared to last August, but down on July 2021’s $55.0m.

Meadowlands, which is partnered with FanDuel and PointsBet, was the most successful sports wagering facility with revenue of $26.9m, with Resorts Digital second on $13.0m.

The biggest contributor was casino revenue of $262.4m, which was up 31.8% year-on-year, but down on the $276.9m accrued in July. Slot machine win stood at $198.0m and table game win at $64.4m.

The Borgata was the facility that generated the greatest total gaming revenue in August with $94.0m, which was up 31.1% year-on-year. The next highest was Hard Rock on $52.4m.

Internet gaming GGR of $113.2m was down on the record $118.7m registered in July, but up 29.0% year-on-year. The Borgata, which is the licensee for BetMGM and BorgataOnline, topped the market with revenue of $37.2m, up 88.6% year-on-year.

For the year-to-date period, the state’s total gaming revenue was $2.99bn compared to $1.62bn for the same period last year – when Covid-19 was still hindering performance – reflecting an increase of 84.8%.

Internet gaming win increased 44.8% to $866.1m when compared to the prior period, with sports wagering gross revenue at $475.3m up 167.1% year-on-year.