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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
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