April Gambling Income Increased by 20.0% in NJ Despite the Sports Betting Drop

Jordan Johnson
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April Gambling Income Increased by 20.0% in NJ Despite the Sports Betting Drop

April gambling revenue in the Garden State boosted 20.0% year-on-year regardless of an 8.2% sports wagering revenue decline for April. The US state reporting passes it on. In April 2022, NJ online gambling market’s overall revenue winded up to $422.5m. It is 10.3% higher than $382.9m in March 2022.

The brick-and-mortar gambling houses stick around the leading income source in NJ. According to Total Casino Win, based on the Division of Gaming Enforcement’s findings, $235.3m income from the onland casinos in April 2022 is up 24.1% from April 2021. However, NJ revenue crossed the $1B threshold in 2021.

Fruit machine-generated revenue snowballed up to $175.2m, which is 26.9% higher compared to April in the last year. Table games became a source of a $60.1m revenue, which is a 16.4% boost in comparison with April 2021.

April 2022, online gaming revenue teemed up to 27.8%, which is $136.9m. Borgata occupies the top spot with the income rate of $39.9m. Another giant gambling operator, Golden Nugget Online Gaming, stands in second with $38.1m in revenue. Resorts Digital takes third place with a $29.1m income. NJ online poker revenue wore away 6.3%, which is $2.3m.

Sports betting income cut down 8.2% — $50.3m—regardless of the state’s growing handle. Approximately all of the funds spent on sports betting were placed on the web. All in all, $863.1m was spent via the internet. The other $63.8m was recorded as an expense at retail outlets.

Looking at the individual operators’ performance, the Meadowlands—partnered with FanDuel—was able to maintain its status as the market’s top-earning operator, whose revenue reached $33.3m. DraftKings and Fox Bet’s partner, Resorts Digital, got the second place with $7.4m in revenue, third by Borgata. Its total is $4.5m.

In terms of year-to-date, total market revenue for the four months to the end of April in New Jersey stood at $1.60bn, up 19.0% on the same point last year.

For the four-month period, the land-based casino revenue became 24.2% higher. It is equivalent to $848.0m. All iGaming revenue mounted to 30.2%, which is $545.4m. However, sports betting revenue was $207.8m, which is 14.9% lower.

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