iovation2019.png
iovation2019.png
iovation2019.png
CLOSE
× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine GGA 2019 AffiliateCon
NEWS 14 March 2019

New Jersey gaming revenue enjoys sharp rise for February

By Tim Poole

Total gaming revenue in New Jersey rose 26% year-on-year to $241.2m for February.

In the Division of Gaming Enforcement’s latest figures, the regulator was able to report a 16% growth in casino win to $196.7m and a 44% increase in internet gaming win to $31.7m.

Sports wagering gross revenue was $12.7m, a fall from January’s figures of $18.8m, despite the Super Bowl taking place in early February.

Sports betting handle was $320.4m, also a drop from January’s total of $385.2m. Of this handle, $61.5m came from on-site retail wagering and $258.9m from online betting.

Elsewhere, New Jersey casinos accepted wagers on the Oscars both online and on-site, total handle from which reached $748,000; 24% of this turned into industry revenue (around $180,000).

For the year to date, New Jersey’s total gaming revenue has increased 25% to $479.8m, with casino win increasing 13% to $374m and internet gaming win rising 49% to $65.3m.

Total sports wagering gross revenue for 2019 so far amounts to $31.5m.

RELATED TAGS: Online | Sports Betting | Financial | Casino
DISCUSS THIS ARTICLE
IN-DEPTH 18 March 2019
No need for sports lotteries

Charles Gillespie, CEO of Gambling.com Group, argues that US states would be better off privatising sports betting markets

READ MORE
PREMIUM CONNECTIONS
VNE