Home > Casino & games > NJ gambling revenue up 20.0% in April despite sports betting decline

NJ gambling revenue up 20.0% in April despite sports betting decline

| By Robert Fletcher
Gambling revenue in New Jersey increased 20.0% year-on-year in April despite the US state reporting an 8.2% drop in sports wagering revenue for the month.
New Jersey underage

Overall revenue from the market reached $422.5m (£342.4m/€404.5m), up from $352.2m in April 2021 and also 10.3% higher than $382.9m in March of this year.

Land-based casinos remained the primary source of revenue in the state, generating a total of $235.3m in revenue for April, up 24.1% on last year. Slot machine revenue jumped 26.9% to $175.2m and table game revenue increased 16.4% to $60.1m.

Online gaming revenue was also 27.0% higher at $136.9m in April, with online slot revenue having hiked 27.8% year-on-year to $134.6m, though internet poker revenue was down by 6.3% to $2.3m.

The Borgata, running a BetMGM online product, claimed top spot in the igaming market with $39.9m in revenue for the month, ahead of Golden Nugget Online Gaming (GNOG) with $38.1m, then Resorts Digital on $29.1m.

Turning to sports betting and revenue here was 8.2% down year-on-year to $50.3m, despite the state’s handle having increased by 23.9% to $926.9m. Of this handle total, $863.1m was wagered online, with the remaining $63.8m spent at retail sportsbooks.

Looking at individual operator performance in this market, Meadowlands, partnered with FanDuel, retained its grip on top spot with $33.3m in revenue for the month.

Resorts Digital, which has sportsbook deals in place with both DraftKings and Flutter’s Fox Bet, ranked second with $7.4m in sports betting revenue, then the Borgata on $4.5m.

In terms of year-to-date, total market revenue for the four months to the end of April in New Jersey stood at $1.60bn, up 19.0% on the same point last year.

Land-based casino revenue for the four-month period was 24.2% higher at $848.0m and igaming revenue jumped 30.2% to $545.4m, though sports betting revenue was 14.9% lower at $207.8m.

Subscribe to the iGaming newsletter