In October, FanDuel Earned 70% of all NJ Sportsbook Revenue

Arsenii Anderson
in october fanduel earned 70 of all nj sportsbook revenue

There is no argument about the market leader at all in New Jersey, as statistics indicate that FanDuel generated approximately 70% of the state’s sportbetting income in October, despite the national discussion in recent weeks about the dominant player in the sports betting industry.

FanDuel Sportsbook, a sports betting division of FanDuel NJ Online Casino, brought in $64.1 million in revenue last month in NJ, according to figures from the New Jersey Division of Gaming Enforcement. The whole state brought in $92.3 million.

In keeping with September’s numbers, October’s handle of $1.29 billion included $1.24 billion from online gaming. This indicates that there has been a steady interest in NFL betting since the 2023–24 season began. Right now, the YTD handle is $9.06 billion.

With a hold rate of 7.1% last month, operators continued to see dropping hold rates, after months with over 13% in August and 8% in September.

Nonetheless, sales increased by 18.4% YoY to $92.3 million.

Operators in the online casino market brought in $166.8 million last month, a 13.3% YoY gain.

With $49.4 million in revenue, Golden Nugget was the operator’s best performer, followed by Resorts Digital ($46 million). Borgata rounded out the top three with $35 million, a 13% yearly decrease as it lost ground in an industry it previously controlled.

Online casino operators have collected $1.57 billion in revenue so far this year, a 15.1% YoY increase. With land-based casinos contributing $228.1 million, up 3.4% YoY, the gaming market in New Jersey generated $487.1 million in revenue in September, indicating a 9.3% annual increase.

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