Gambling revenue in New Jersey increased 9.3% year-on-year in October, driven by growth across the state’s igaming and sports betting market.
Total market revenue in New Jersey reached $487.1m (£390.9m/€446.4m) in October. This was ahead of $445.7m last year but 6.6% behind $521.5m in September this year.
Physical slots, which have long drawn the most gambling revenue in New Jersey, posted a year-on-year decline. Revenue from retail slots dropped 1.9% to $163.0m in October.
However, land-based table games revenue for the month was 19.7% higher at $65.1m. This meant total revenue from the retail casino sector increased 3.4% to $228.1m.
In contrast to the retail slots decline, the situation was very different for their online cousins in New Jersey. Revenue from authorised online games, including internet slots, increased by 13.4% to $164.4m in October.
Online peer-to-peer poker games revenue also increased by 6.2% to $2.4m. As such, overall revenue from igaming during the month reached $166.8m, up 13.3% from last year.
Golden Nugget edged ahead of Resorts Digital to claim top spot in the New Jersey igaming segment in October. Revenue at Golden Nugget hit $49.4m, with Resorts Digital just behind on $46.0m. Borgata placed third with $35.6m in igaming revenue for the month.
Turning to the sports betting sector and there was more good news for New Jersey. Revenue here was 18.4% higher year-on-year at $92.3m, compared to $77.9m in October 2022.
Players spent a total of $1.29bn betting on sports during the month, 21.7% ahead of $1.06bn in the previous year. Some $1.24bn of the total wagered in October was done so online, with retail’s share at $56.3m.
Looking at individual operators, Meadowlands regained top spot after slipping to second in August. Meadowlands and partners FanDuel, PointsBet and SuperBook posted $60.2m in revenue during October.
DraftKings and partner Resorts World led the market in August and September. However, they fell to second place with $15.3m in revenue for the most recent month. Borgata and BetMGM ranked third with $7.8m in sports betting revenue.
Looking to New Jersey’s year-to-date performance, revenue in the 10 months to the end of October was $4.77bn. This is 10.6% higher than at the same point in 2022.
Land-based casino revenue was up 1.9% to $2.40bn, with slots 2.4% higher at $1.78bn and table games 0.4% at $625.0m.
Online gambling revenue increased 15.1% year-on-year to $1.57bn for the period. Internet authorised games revenue was 15.3% higher at $1.55bn and online poker revenue jumped 6.5% to $24.6m.
Sports betting revenue also increased 34.7% to $801.3m. Year-to-date wagering handle in New Jersey amounted to $9.06bn.
