The New Jersey Division of Gaming Enforcement released its report covering July 2020 total gaming revenue results in the Garden State
The report shows a clear upswing for the NJ sports betting market, with mobile betting’s performance standing out in a big way.
Of the $315.1 million in wagers taken by 17 operators in the market, $285.8 milion of that came from mobile betting apps.
Here are some of the more interesting numbers that came out of the report:
- The 17 active operators took in $29.5 million in revenue in July 2020. This is higher than July last year.
- The total sports betting revenue was higher than last year’s July handle of $251.million.
- The Meadowlands Racetrack, in partnership with FanDuel Sportsbook, reported $14 million in retail and online revenue. Most came from FanDuel accounts. This was a significant $5 million increase from the same month last year.
- Resorts Digital brought in $8.1 million – making it the operator with the second largest handle.
- When it comes to casino revenues, two casinos did better than they did last year, despite the virus. Revenues at the Ocean Casino Resort increased by 30.3% and at Golden Nugget by 17%.
The Success of Mobile Sports Betting in New Jersey
COVID-19 has played havoc with the brick-and-mortar bookmakers in New Jersey. Current virus restrictions mean that they may only operate at 25% capacity. That hasn’t stopped New Jersey bettors from getting in their sports betting fix, and they have simply taken the fun online.
More and more operators are offering online and mobile options to their clients, including Wynn Sports which launched with a Caesars-held sports betting license.
Looking forward, New Jersey is going to see bumper numbers from sports events this month: The NBA Playoffs, the (albeit shortened) MLB season, the NFL season and the Stanley Cup Playoffs.
