New Jersey sports betting continues to struggle in July

New Jersey gambling revenue increased 6.7% year-on-year in July, despite further declines in the US state of New Jersey’s sports betting market.

Total revenue for the month was $480.7m (£397.3m/€472.4m), up 6.7% from $450.6m in July 2021 and $401.5m in June this year increased by 19.7% from

Land-based casinos continue to be a major source of gambling revenue in New Jersey, growing 8.0% year over year to $299.9 million in the same month. Land-based slots revenue increased 5.5% to $215.8 million, while table games revenue increased 15.0% to $83.1 million.

Online gambling revenue also increased by 15.2% to $136.7 million. This was mainly due to his 16.3% increase in online slot earnings to $134.4 million. However, online peer-to-peer poker revenue fell 25.9% to $2.3 million.

Borgata maintained its number one spot in the online gambling sector with total revenue for the month of $43 million. Golden Nugget followed with his $34.5 million and Resorts Digital with his $30.5 million.

However, sports betting continued to struggle, with revenue down 18.1% year-on-year to $45 million. However, this is up 14.8% for him from his $39.2 million in June this year. The state’s handle fell 8.1% from $578.7 million in July 2021 to $531.9 million this year.

Meadowlands, in partnership with FanDuel, is again the runaway leader with $25.2 million in sports betting revenue, beating out $8.5 million from Resorts Digital, which has sports betting deals with both DraftKings and Flutter’s Fox Bet. did. Borgata was his third, with earnings of his $4.4 million.

In terms of year-to-date performance, New Jersey’s overall gambling revenue increased 13.7% year-over-year to $2.91 billion in the seven months to end July.

Land-based casino revenues increased 16.0% to $1.31 billion, gaming revenues increased 26.3% to $951.2 million, while sports betting revenues decreased 16.6% to $353.2 million.

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