New Jersey gambling revenue rises to 276.8 million in May

iGaming sees 4.6% improvement on last month’s total

A report issued by the New Jersey Division of Gaming Enforcement reveals a 27.1% year-on-year rise in regulated gaming revenue in May.  Total revenue, which rose to $276.8 million, was boosted by growth in both the land-based and online casino sectors.

iGaming revenue, which grew 57.8% year-on-year to $38.3 million has helped counter less successful performances in other areas, such as sports betting. Revenue was down 26.9% month-on-month in this vertical at $15.5 million. Meadowlands, with its sports betting partner FanDuel, continues to lead the vertical, despite a 28.1% decline in revenue from April to $8.7m. The closest challenger, Resorts Digital (and partner DraftKings) saw revenue decline 14.6% to $4.1m.

The only other operator to generate sports betting revenue of more than $1m was Monmouth Park, partnered with William Hill, which accounted for $1.4m of the market total.

The $38.3 million figure for iGaming represents a 4.6% improvement on last month’s total.

Casino revenue has also seen massive gains, with a 15.3% increase bringing totals for that sector to $222.9 million. Revenue data shows that slot machines account for a large percentage of this total, bringing in $165.2 million (59.7%). Table game revenue for the month was up 9.7% to $57.7 million.

For the year to date, New Jersey gambling revenue was up 27.3% to $1.31bn. Casino gaming accounted for $1.03bn of this sum, with a further $179.4m coming from online gaming. Sports betting’s year-to-date total will pass $100m next month, currently standing at $99.9m.

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