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NEWS 13 September 2019

August sees New Jersey continue its strong gaming revenue run

By Tim Poole

As analysts look towards the New Jersey sports betting market as a long-term candidate for biggest in the world, the Garden State saw overall gaming revenue increase once again for August.

Based on data from the New Jersey Division of Gaming Enforcement, total gaming revenue grew 16% year-on-year to $352.8m for the monthly period, with casino win up 6% to $286.5m.

Internet gaming win rose significantly once more, up 66% to $41.1m, although the biggest increase unsurprisingly came in the sports wagering department.

Sports wagering handle for August was $293.6m and gross revenue was up 174% to $25.2m.

For the year-to-date, sports wagering handle in New Jersey totals $2.53bn, with gross revenue at $152.7m.

Total gaming revenue for 2019 is up to $2.28bn, a 22% increase, with casino win rising 10% to $1.83bn and internet gaming win growing 57% to $297.9m.

For August, Golden Nugget once again generated the highest internet gaming win, while Meadowlands repeated its market-leading success in the sports betting arena.

Borgata took the most casino win and also the most revenue of any individual property in Atlantic City or New Jersey.

RELATED TAGS: Online | Land-Based | Sports Betting | Financial | Casino
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