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NEWS 13 September 2018
New Jersey gaming revenue up 24% in August
By Oliver Rudgewick

New Jersey’s casinos experienced a fruitful month in August, which saw a 24% increase in gaming revenue year on year to $303.9m.

Casino win rate also rose by 21% to $269.9m, with slot and table win rate up by 18% and 28% respectively to $196.3m and $73.5m.

Sports betting revenue was $9.1m, on a handle of $95.6m - in part due to the launch of mobile sports betting.

Resorts Casino’s online sportbook, which went live on 1 August, recorded just under $3m in sports betting revenue for the month, only bettered by Meadowlands Racetrack (taking in just over $3m).

Borgata took the largest share of the total gaming market, recording revenue of $76m for the month (a 2.3% year-on-year increase), and the recently opened Hard Rock and Ocean Resort recorded $31.2m and $20.5m respectively.

The total revenue for the year to date is up 3% to $1.86bn, which has seen Golden Nugget's revenue rise by the biggest percentage (15%) to $220.5m.

RELATED TAGS: Industry | Sports Betting | Financial | Casino
IN-DEPTH 19 November 2018
Is Skin Betting still a threat to the industry?
The founders of EbetFinder, an esports betting portal, and gambling prevention software company Gamban, discuss how skin betting can be handled legally, and what can be done to combat this threat to children and the regulated gambling industry