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New Jersey gambling revenue continues upward trend in September

| By Robert Fletcher
Gambling revenue in New Jersey increased for the second consecutive month in September, while the US state also reported year-on-year growth across almost all markets.
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Total gaming revenue for the month amounted to $485.0m (£430.0m/€493.0m), up 3.0% from $470.7m posted in August and also 6.9% ahead of the $453.6m recorded in September 2021.

Land-based gambling revenue edged up 1.3% year-on-year to $251.7m, with slots revenue up 2.5% to $186.5m, though table games revenue slipped 1.9% to $65.3m.

Online casino revenue also increased by 10.3% from $122.6m to $135.2m, driven by a 10.7% rise in online slots revenue to $133.0m. In contrast, peer-to-peer internet poker revenue was down 8.7% to $2.3m, making it one of only two markets areas – alongside land-based table games – to decline year-on-year.

The Borgata led the way in igaming, posting $41.1m in revenue for September. Resorts Digital was second on $34.19m, marginally ahead of Golden Nugget with $34.18m.

Turning to sports betting and revenue was 18.9% higher year-on-year at $98.0m, despite a 14.2% decline in handle from $1.01bn in September 2021 to $866.7m this year. Spending comprised $807.8m in online bets and $7.1m worth of retail wagers.

Meadowlands and FanDuel remained the market leaders in sports betting with $46.6m in revenue, ahead of Resorts Digital, which has deals in place with DraftKings and Flutter’s FoxBet on $22.4m. The Borgata was third with $10.0m.

Looking at year-to-date performance, total market revenue for the nine months through to the end of September was $3.87bn, up 12.3% from $3.44m at the same point last year.

Land-based casino win was 12.5% higher at $2.13bn and igaming revenue jumped 23.2% to $1.22bn, but sports betting revenue was 7.3% lower at $516.9m.

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