New Jersey reports record sports betting revenue in May
New Jersey sportsbooks reported record revenue, up to 9 per cent from April 2021.
US.- New Jersey has recorded a sports betting handle of $814.3m for May 2021, a 9 per cent increase from April 2021.
Online betting accounted for $736.7m of the total handle, with retail sportsbooks accounting for $77.6m after the loosening of capacity limits at Atlantic City casinos.
According to analysts, the National Basketball Association playoffs boosted the numbers, producing the highest total of bets at $216.7m. Baseball followed with $186.1m in bets.
With these figures, New Jersey has surpassed Nevada as the country’s largest sports betting market. Since launching in June 2018, New Jersey has generated $16bn in bets and $1.1bn in gross revenue.
FanDuel/PointsBet led the way among online operators with $29.8m in gross revenue for May. Its Meadowlands venue led the retail sector with $4.8m in revenue.
Meanwhile, online casinos and poker rooms in the state recorded over $100m in revenue for the third consecutive month, with May’s total reaching $108.2m.
Borgata led the way for the month with $32.8m in casino and poker revenue. Golden Nugget came second with $31.1m. Resorts Digital, which includes the DraftKings and Fox Bet brands, followed with $21.6m.
