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.