NEW JERSEY BETTING AND GAMING REVENUE GROWS TO $439.6M IN NOVEMBER

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$)

Casinos Land-Based iGaming Sports Betting TOTAL
Bally’s 11,167,937 622,875 164,912 11,954,724
Borgata 48,314,880 33,735,211 7,773,891 89,823,982
Caesars 16,295,411 891,405 17,186,816
Caesars Interactive 9,752,127 9,752,127
Golden Nugget 11,945,670 38,418 11,984,088
GNOG 31,764,632 174,112 31,938,744
Hard Rock 37,299,080 4,859,460 1,333,563 43,492,103
Harrah’s 22,478,648 101,694 22,580,342
Ocean Casino 28,493,998 1,622,976 830,334 30,947,308
Resorts 12,145,895 81,818 12,227,713
Resorts Digital 27,843,533 22,448,197 50,291,730
Tropicana 18,746,626 7,752,284 3,644,951 30,143,861
Racetracks
Freehold Raceway 7,927,171 7,927,171
Meadowlands 64,399,740 64,399,740
Monmouth Park 4,978,520 4,978,520
TOTAL 206,887,145 117,953,098 114,788,726 439,628,969

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.

Gamingintelligence

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