New Jersey sportsbook revenue jumps 19% in September as handle grows by double-digits
Latest Garden State revenue report shows 6.9% jump in total gaming revenue as Q3 dawns
New Jersey sportsbook revenues increased by 19% year on year (YoY) in September to $98m, according to latest revenue reports published by the New Jersey Division of Gaming Enforcement (DGE).
Of the Garden State’s 13 casinos and racetracks, Tropicana and Resorts Digital reported the biggest percentage increases in sports betting revenue during September, rising by 96% to $6.4m and by 70% to $22.4m, respectively.
In respect of online sportsbook operators, Meadowlands and its main online partner FanDuel were the biggest revenue generating operator with $43m in September. This was way ahead of its nearest rivals DraftKings which operates as a main sportsbook partner of Resorts Digital which could only manage $22.4m, and BetMGM/Borgata at just $8.1m.
The biggest faller in sportsbook revenue was Borgata, which saw its September revenue slump 25% YoY to just $10m.
Online gross gambling revenue (GGR) rose by 10.3% YoY during September, with double digit percentage rises at Ocean Casino, rising by 71.6% to $2.3m, Resorts Digital growing 20.5% to $34.1m and Golden Nugget, which saw its GGR rise 10% to $34.1m in the month.
However, the biggest increase in online gambling GGR in September was at Bally’s, with revenue rocketing to $3.7m from a prior September 2021 high of just $336,979, an increase of over 1000%.
Fallers in online gambling revenue included Tropicana, where online GGR fell by 32% and Caesars Interactive NJ which reported an 11% fall in GGR for the period.
Combined handle from sports betting hit $866m during September, with year-to-date New Jersey sports betting handle amounting to more than $7.7bn.
At an individual handle level, parlay betting generated the biggest rise during September of 17.4%, ahead of baseball and other betting handle, both growing 4.4%, and football betting handle, which rose 3.3% in the month.