New Jersey reports record sports betting revenue in May

Sportsbook generated record revenue in New Jersey in May.
Sportsbook generated record revenue in New Jersey 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.

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