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.


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