In November, Gaming Revenue in New Jersey Increased by 0.3%

Arsenii Anderson
in november gaming revenue in new jersey increased by 0 3

Despite decreases in sports betting revenue, the New Jersey Division of Gaming Enforcement reported a 0.3% increase in gambling revenue year over year for November.

The total revenue for the month was $441.1 million, up from $439.6 million in November 2017 but down 1.0% from $445.7 million in October 2018.

With slot machine income up 1.3% to $156.7 million and table game revenue up 10.9% to $57.9 million, total land-based gambling revenue increased by 3.7% year over year to $214.5 million.

Revenue from online gaming increased by 23.9% to $146.2 million, continuing its rising trend. Only $2.1 million of this total came through online peer-to-peer poker, whereas online slots brought in $144.0 million.

With $44.3 million in revenue, The Borgata, which includes BetMGM among its skins, continued to lead the industry. With $37.7 million, Golden Nugget and FanDuel came in second, just barely beating Resorts Digital and DraftKings.

In terms of sports betting, income decreased by 29.9% from $114.8 million to $80.4 million over the previous year, while player expenditure decreased by 14.7% to $1.10 billion. Online betting accounted for $1.03 billion of this total, while retail sportsbooks only took in $69.0 million.

With $48.8 million in sales, The Meadowlands continued to dominate the market. Resorts Digital and DraftKings came in second with $16.6 million, followed by BetMGM and Borgata with $7.7 million.

The overall gaming income for the year as of the end of November was $4.76 billion, an increase of 9.8% from the same period last year. Sports betting revenue fell 10.8% to $675.3m, while land-based income increased 9.7% to $2.57 billion and iGaming revenue increased 22.5% to $1.51 billion .

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