According to the latest reports, the total gaming revenue in New Jersey for May grew 27% year-on-year to $276.8m. That includes a significant rise which included $15.5m in sports wagering gross revenue and a 15% increase in casino win, to $222.9m. Let’s take a look at the stats.
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Borgata, Golden Nugget and Meadowlands Brought in the High Revenue in New Jersey
The figures show that internet gaming boosted by 58%, to $38.3m. That is an impressive month for the state, given that April’s total gaming revenue figure of $265m.
What’s more, for a year-to-date figure, a 27% rise saw New Jersey generate $1.31bn in total gaming revenue.
Whilst internet gaming has risen 54% to $179.4m, it was the casino who raked in the most which came out to $1.03bn.
Sports wagering gross revenue, which has mostly come from mobile betting, has reached $99.9m for 2019 so far.
Sports wagering in May was $318.8m, $263.5m of which came from online betting. That takes the year-to-date handle sitting at $1.71bn.
Borgata was the most successful New Jersey property for the month, which generated $61.3m in gaming revenue, $55.2m of which stemmed from land-based casino win, although that came at 7% down.
Another great mention for the revenue in New Jersey for May was Golden Nugget, who led online casino market by accumulating $14m in internet gaming win, which comes at a 64% rise.
Meadowlands was the final one who led the sports betting market with $8.6m in revenue; Resorts Digital was second on $4.1m.
Ocean Resort, partnered with William Hill, was next in the running with revenue of $603,894, while Resorts made a $12,138 loss on sports wagering.
This was truly a brilliant total gaming revenue in New Jersey month, the best so far in 2019. Now, let’s see what figures they can rise for June.