NEW JERSEY BETTING AND GAMING REVENUE GROWS TO $439.6M IN NOVEMBER
New Jersey’s licensed casinos and racetracks have recorded a 52 per cent increase in total betting and gaming revenue to $439.6m in November 2021.
The biggest growth in November was in sports betting as revenue soared 127 per cent year-on-year to $114.8m, equivalent to more than a quarter of the total market, while revenue from iGaming grew 28.5 per cent to $118.0m.
This comprised a 29 per cent increase in online casino revenue to $115.8m, which offset an 8 per cent fall in online poker revenue to $2.2m.
In the land-based sector, casino win rose 41 per cent year-on-year to $206.9m as slot machine win increased by 52 per cent to $154.7m, and table game win increased by 17 per cent to $52.2m.
NEW JERSEY GAMING REVENUE: NOVEMBER 2021 (US$)
Borgata again led the way in the iGaming market as revenue increased by 44 per cent to $33.7m, ahead of Golden Nugget Online Gaming’s $31.8m, which increased by 22 per cent versus a year ago.
Resorts Digital was the next biggest iGaming operator as revenue increased by 33 per cent to $27.8m, while Caesars Interactive revenue climbed 21 per cent to $9.8m and Tropicana’s iGaming revenue rose 27 per cent to $7.8m.
Hard Rock was only operator to post a decline in iGaming revenue in November, down 22.5 per cent at $4.9m, while for the second consecutive month the biggest growth came from Ocean Casino as iGaming revenue rose 71 per cent to $1.6m. Bally’s recently launched iGaming offering contributed further revenue of $622,875 during the month.
The state’s 14 licensed sports betting operators collected total handle of $1.26bn in November, comprising $1.14bn from online betting and $114.0m from retail, generating sports betting revenue of $114.8m.
Racetrack Meadowlands continued to account for the bulk of the total as sports betting revenue increased by 160 per cent to $64.4m, significantly ahead of Resort Digital’s $22.4m, which was up 53 per cent versus a year ago.
The next biggest sportsbook operator was Freehold Raceway at $7.9m, ahead of Borgata’s $7.8m, Monmouth Park’s $5.0m, Tropicana’s $3.6m, Hard Rock’s $1.3m and Caesars $0.9m.
Revenue from the land-based casino sector grew by 41 per cent to $206.9m, with market leader Borgata seeing revenue increase 32 per cent to $48.3m, ahead of Hard Rock’s $37.3m, Ocean Casino’s $28.5m, Harrah’s $22.5m and Tropicana’s $18.7m.
Across all betting and gaming products, the biggest operator in November was Borgata as revenue rose 44 per cent to $89.8m, ahead of Resorts’ combined $62.5m, Golden Nugget’s $43.9m and Hard Rock’s $43.5m.
For the first eleven months of 2021, New Jersey’s total gaming revenue increased by 69 per cent to $4.33bn. This comprised a 42 per cent increase in iGaming revenue to $1.23bn, a 128 per cent rise in sports betting revenue to $756.7m, and a 72 per cent increase in land-based casino revenue to $2.34bn.
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