New Jersey gambling revenue rises again in May

| By Robert Fletcher
Gambling revenue in New Jersey increased 290.4% year-on-year to $374.2m (£267.5m/€312.9m) in May, while the monthly total was also 6.4% higher than in April of this year.
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Overall revenue for the US state’s market was significantly higher than the $95.9m posted in May 2020, primarily due to the impact of novel coronavirus (Covid-19) restrictions in New Jersey last year.

New Jersey’s land-based casinos were closed for all of May 2020, while sports wagering options were limited due to the cancellation and postponement of almost all major sporting events.

However, as the Covid-19 situation continued to ease in the US and restrictions are eased, the state continued its recovery, with this also reflected by a month-on-month increase in revenue from $352.2m in April.

Sports betting revenue rocketed 434.3% year-on-year to $52.9m, while the amount bet by consumers in New Jersey also hiked 591.3% to $814.3m. A total of $734.7m was wagered online, compared to $79.6m at retail sportsbook locations.

Read the full story on iGB North America.

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