Record month for betting & igaming drive NJ revenue growth in October

| By Robert Fletcher
Gambling revenue in New Jersey increased by 15.0% year-on-year in October, as the state posted record monthly revenue for sports betting and online casino.

Overall gambling revenue in October stood at $338.1m (£255.9m/€285.1m), up from $293.9m in the same month last year and also 4.6% higher than $323.3m in September of this year.

Data released by the New Jersey Division of Gaming Enforcement (NJDGE) show several new records for the state’s sports wagering market, including revenue, which reached an all-time monthly high of $58.5m, up 26.1% on last year and surpassing the previous record set in January 2020.

New Jersey’s sports betting handle also reached a record $803.1m, smashing the previous record set in September this year and marking the first time the handle surpassed $800m in a single month. Some $743.9m was staked online, while players spent $59.2m at retail sportsbooks.

Meadowlands and its sub-licensees FanDuel and PointsBet retained top sport in the market with $29.8m in revenue, up 20.2% on last year. Resorts Digital and partners DraftKings ranked in a distant second with $14.6m in revenue, a 37.7% year-on-year increase.

Read the full story on iGB North America.

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