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NJ sports betting doubles in September

| By iGB Editorial Team
DraftKings becomes the top operator as the start of the NFL season sees huge increase in takings
Better Collective

New Jersey's sportsbook accepted around $184m (€160m/£140m) in bets in September, up from $96m in August.

The monthly revenue released by the NJDGE on Friday came after the state regulator's director David Rebuck earlier this week predicted “stunning” figures.

With several new mobile and online operators launching to coincide with the start of the NFL season, New Jersey brought in $104m via digital platforms. In total around $336m has been wagered in New Jersey since the first sports bets were taken in mid-June.

Sports wagering revenue was at almost $24m, with Resorts Digital- DraftKings' base – accounting for more than a third of that figure on $8.5m. Their revenue almost trebled compared to August's figure of $3m.  

Meadowlands, which is partnered with FanDuel, generated $7.2m of win, compared with just over $3m in August. Monmouth Park and the Borgata were the only others to bring in more than $2m. 

FanDuel, which brought in $175m in in New Jersey in handle and entry fees across all products, including DFS and online casino, said September “exceeded expectations”.

FanDuel, in a statement released to iGamingBusiness.com, said: “As our retail Sportsbook at the New Meadowlands Racetrack grows and with the launch of the FanDuel Sportsbook app, consumer response continued to exceed our expectations in September.

“We are encouraged to see strong momentum in New Jersey for the newly formed FanDuel Group. We look forward to continuing this growth by delivering the best experience for customers across the state.”

Total gaming revenue for September was $281.7m compared to $235.8m in September 2017, reflecting an almost 20% increase. Casino win was $232m increasing around 8% from the same month last year. Internet gaming win was $25.8m in September compared to $20.4m in the prior period, reflecting an increase of 26%.

Total gaming win in Nevada, the US's biggest gambling market, was at $913m in August.

Director Rebuck commented “Driven by the explosive growth in sports wagering and continuing improvements in Internet gaming and brick-and-mortar casino win results, the gaming industry produced another month of superb revenue increases. The revenue results point to a strong finish for New Jersey’s gaming industry in 2018.”

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