NJ gambling revenue up 29.1% in December despite sports betting decline

| By Robert Fletcher
Gambling revenue in New Jersey increased 29.1% year-on-year in December despite the US state seeing an 11.1% decline in sports betting revenue.
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Total market revenue for December 2021 amounted to $404.1m (£295.4m/€353.7m), up from $312.9m in the same month of 2020, but 8.1% down from $439.6m in November 2021.

Sports wagering revenue slipped from $55.4m in December 2020 to $59.0m, which was also 48.6% lower than the record $114.8m posted on November.

However, player spending on sports betting remained high, with the state’s handle for the month standing at $1.23bn, up 23.5% year-on-year and just short of the record $1.29bn set in November 2021.

FanDuel and PointsBet, both partnered with Meadowlands, remained market leaders in the sports betting sector with $29.9m in revenue, ahead of Resorts Digital and DraftKings on $12.4m and BetMGM partner the Borgata in third with $6.9m.

Turning to online casino, revenue in this sector was 33.9% higher than 2020 at $133.2m, which was a new record for the state, surpassing the previous monthly high of $127.0m set in November 2021.

A total of $130.9m was attributed to online slot games, while the remaining $2.3m came from online poker.

The Borgata retained top spot in the state’s igaming market with $37.1m in revenue, just ahead of Golden Nugget Online Gaming with $36.0m and Resorts Digital on $32.9m.

Looking at land-based casinos, revenue was 44.0% up year-on-year to $211.8m, while this was also 2.4% higher than $206.9m in November 2021. Slots accounted for $150.5 m in revenue and table games $61.3m.

For the year-to-date, total market revenue through to the end of December was $4.74bn, up 64.5% on the same point in 2020.

Sports betting revenue was 104.7% higher at $815.6m, while igaming win increased 40.9% to $1.37bn and land-based casino revenue 69.1% to $2.55bn.

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