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NJ smashes sports betting and igaming revenue records in January


New Jersey set a new sports betting revenue record in January, while the state also became the first in the US to see monthly online casino revenue surpass $100m.

Figures published by the New Jersey Division of Gaming Enforcement (NJDGE) show that total gaming revenue for the month stood at $346.4m, which was 15.3% more than January last year and also 10.7% higher than December 2020.

Sports betting revenue reached a record high of $82.6m, which was 54.3% up from $53.6m in January of last year, and also 24.4% higher than the previous record of $66.4m set in December 2020.

Players wagered $948.7m on sports in January, down from the record $996.3m spent in December last year, with $886.7m bet online and $72.1m in person at retail sportsbooks.

FanDuel and PointsBet at Meadowlands retained top spot in the state’s sports betting market, posting $46.8m in revenue for the month, up 76.6% year-on-year.

Resorts Digital and DraftKings placed second with $15.7m in revenue for the month, followed by the Borgata on $8.5m.

Turning attention to online casino and revenue reached a record high in January, with the monthly total of $103.8m being 88.4% more than $55.1m last year and the first time any state in the US has surpassed $100.0m in any given month.

Golden Nugget Online Gaming, the igaming division of the Golden Nugget casino, retained top spot in this market, posting $31.2m in revenue for the month.

The Borgata ranked second with $28.7m in revenue, followed by Resorts Digital on $22.8m in igaming revenue.

Meanwhile, land-based casino win in January totalled $160.0m, down by 16.6% from $191.9m in the same month last year.

However, casinos in January 2020 did not face restrictions such as capacity limits and social distancing measures, which were put in place last year due to the novel coronavirus (Covid-19) pandemic, thus impacting performance.