New Jersey sportsbook revenue grows in June

New Jersey sportsbook revenue grows in June

New Jersey saw a year-on-year increase in sports betting revenue and another big month for online casino during June, although overall gambling was well down, with the state’s nine casinos closed.

Sports wagering revenue was up 30.3% year-on-year to $12.6m according to figures released by the New Jersey Division of Gaming Enforcement (NJDGE). That figure was also up by 27.7% on the previous month’s figure of $9.9m.

The state’s online sportsbooks attracted $165.0m in handle, down 27.0% compared to $226.7m in June 2019. With land-based premises closed, total sportsbook handle was down 40.0% year-on-year from $273.2m.

Sportsbook handle was up 40.1% compared to May 2020, with punters putting their money on forthcoming National Basketball Association and Major League Baseball baseball fixtures which are due to resume in July.

The ‘other’ category – which includes non-traditional categories such as esports – has produced year-to-date win of $34.7m and handle of $585.0m so far in 2020, which is up 65.2% and 12.7% on June 2019 respectively.

Read the full story on iGB North America.

Latest posts