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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