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New Jersey sportsbook revenue grows in June


New Jersey saw a year-on-year increase in sports betting revenue and another big month for online casino during June, although overall gambling was well down, with the state’s nine casinos closed.

Sports wagering revenue was up 30.3% year-on-year to $12.6m according to figures released by the New Jersey Division of Gaming Enforcement (NJDGE). That figure was also up by 27.7% on the previous month’s figure of $9.9m.

The state’s online sportsbooks attracted $165.0m in handle, down 27.0% compared to $226.7m in June 2019. With land-based premises closed as a result of novel coronavirus (Covid-19), total sportsbook handle was down 40.0% year-on-year from $273.2m.

Sportsbook handle was up 40.1% compared to May 2020, with punters putting their money on forthcoming National Basketball Association and Major League Baseball baseball fixtures which are due to resume in July.

The ‘other’ category – which includes non-traditional categories such as esports – has produced year-to-date win of $34.7m and handle of $585.0m so far in 2020, which is up 65.2% and 12.7% on June 2019 respectively.

Meadowlands and sub-licensees FanDuel and PointsBet remained the market leaders in New Jersey, with revenue of $6.1m, up around 40% on both May 2020 and June 2019.

However, sports wagering revenue for the year to date is down 0.6% year-on-year to $109.0m.

Internet gaming win was up 123.1% year-on-year in June 2020 to $84.9m, although this was down 1.1% on May 2020. The soon-to-be publicly traded Golden Nugget was the state’s most successful with revenue of $29.1m, although the Borgata platform saw win almost triple year-on-year to $16.9m.

Internet gaming revenue so far in 2020 is up 94.5% year-on-year to $422.8m.

With Atlantic City’s casinos closed during June, total gaming revenue was down 67.3% to $90.9m in June. The casinos attracted $236.0m of revenue during June 2019. For the year to date, Atlantic City’s total gaming revenue is down 35.4% to $1.03bn.

Most of the city’s casinos reopened on 2 July, with the Borgata to become the final property to resume trading on 26 July.