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NJ revenue up 24% in April


Gaming revenue in New Jersey was up 23.8% year-on-year to $265.4m in April, driven by increases across all segments with the exception of online poker.

Sports betting accounted for $21.2m of the $50.9m of revenue added since the comparable period last year, which preceded the launch of online and land-based wagering in the Garden State following last May’s repeal of PASPA.

The $21.2m monthly return however represented a 33% month-over-month decline on March’s record figure of $31.7m.

Sports betting market leader FanDuel accounted for approximately 57% of total wagering revenues via licensing partner Meadowlands, keeping it well ahead of DraftKings/Resorts Digital with 22.5%.

In a statement issued today, the Paddy Power Betfair-owned operator called its position “a notable achievement just one year since the overturn of PASPA”, also highlighting that April had been its second biggest month for revenue since launch, “thanks in part to enthusiasm for the NBA and NHL Playoffs as well as the start of baseball season”.

The vast majority of the $313.7m sports betting handle in April – 81% – was transacted online.

Igaming revenue was up 59% year-on-year to $36.6m but down on the $39.1m total for last month.

Golden Nugget, which also sub-licenses Betfair Casino and Playsugarhouse, retained its dominance at the head of the online casino and poker market, its $13.9m April revenue equating to 37.9% market share and a 70.3% increase on the comparable period last year.

Resorts Digital, including PokerStars and Mohegan Sun, held onto second position, its $7.1m return representing a 19.5%, market share and a 97.6% increase on last April’s figure.

Land-based gaming continued to account for the lion’s share of revenues generated in state last month, with slot machine win up 6.1% year-on-year to $144.9m, or 70% of the $207.6m total, with table games up 14.2% to $62.7m. 

The NJ gaming market’s overall performance in April took total revenue for the year past the $1bn mark, a 27% increase on the equivalent point in 2018, with igaming up an impressive 52% to $141m.