Despite the fall in sports betting, New Jersey’s gambling revenue grew by 29.1 percent in December.
Despite an 11.1 percent decline in sports betting revenue in December, New Jersey reported a 29.1 percent increase in gambling revenue year over year in the same month in 2017.
December 2021 saw a total market revenue of $404.1 million (£295.4 million/€353.7 million), representing 8.1 percent from the previous month’s $439.6 million revenue figure.
During November, revenue from sports wagering declined from $55.4 million to $59.0 million, a decrease of 48.6 percent from the previous month’s record of $114.8 million.
Even though the state’s handle for November increased 23.5% year over year and fell just short of the record $1.29 billion set in November 2021, player spending on sports betting remained strong.
In third place with $6.9 million, the Borgata finished in third, followed by FanDuel and PointsBet (both in conjunction with Meadowlands) on $12.4 million, and BetMGM partner the Resorts Digital and DraftKings (both in partnership with Meadowlands) on both $6.9 million and $12.4 million, respectively.
In terms of online casino revenue, it was a new monthly high for the state, surpassing the previous monthly high of $127.0 million set in November 2021 for online casino revenue.
Online slots contributed 130.9 million dollars, with online poker accounting for $2.3 million.
The Borgata, Golden Nugget Online Gaming, and Resorts Digital rounded out the top three revenue earners in the state’s igaming business, each bringing in $37.1 million to the table in 2017.
November 2021 casino revenues in the United States increased by 44.0 percent year on year to $211.8 million, and they were up 2.4 percent over the previous month’s figure of $206.9 million. The overall revenue from slot machines was $150.5 million, while the total income from table games was $61.3 million.
The entire market income for the year has reached $4.74 billion, representing a 64.5% rise over the same period in 2020.
While sports wagering increased by 104.7% to $815.6 million, iGaming revenue increased by 40.9 percent to $1.37 billion, and land-based casino revenue increased by 69 percent to $2.55 billion wagered on horse racing increased by 104.7 percent to $815.6 million.
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