New Jersey Sportsbetting Revenue Drops in October

The state of New Jersey saw sportsbetting revenues drop in October, falling 7.4% to $77.9 million.

Handle was down 18.1% to $1.06 billion from $1.3 billion last year. $987.6 million of the handle came online, while $72.6 million was bet in person. The top-performing operator was FanDuel, who operates through the Meadowlands. The site had $45.4 million in revenue. In the second spot was Resorts Digital's DraftKings partnership, which had $17.2 million in revenue, up 8%. The Borgata, through BetMGM was up 18.7% with $9.5 million in revenue.

Things looked much better when it came to online casino gambling, as online casino revenues were up 15.9% to $147.2 million. The Borgata, along with its BetMGM brand was the top-performing site with revenue of $41 million, up 5.6%. Resorts Digital with its DraftKings brand had $39.3 million in revenue. Golden Nugget with its FanDuel partnership had revenues of $38.4 million.

Land-based casino revenues dropped 7.1% to $220.6 million. $166.2 million of this total came from slots, while table revenues were $54.4 million. Both verticals were down from the same period last year. The Borgata generated the most land revenues at $62.5 million, while the Hard Rock was next at $39 million.

Taxes paid for the month were $45.5 million, with $13.5 million in land-based casino tax and $22.1 million coming from online. Sportsbetting taxes were $9.5 million from online, with $359,774 coming from retail sportsbooks.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.

Comments

Post new comment

There are currently no comments on this page. Be the first!

Login using your social network account
Or log in with a Casino Listings account

Login or register to post comments

Registering for an account takes less than a minute and you will be brought right back here to comment afterwards.