New Jersey gaming revenue enjoys sharp rise for February
Total gaming revenue in New Jersey rose 26% year-on-year to $241.2m for February.
In the Division of Gaming Enforcement’s latest figures, the regulator was able to report a 16% growth in casino win to $196.7m and a 44% increase in internet gaming win to $31.7m.
Sports wagering gross revenue was $12.7m, a fall from January’s figures of $18.8m, despite the Super Bowl taking place in early February.
Sports betting handle was $320.4m, also a drop from January’s total of $385.2m. Of this handle, $61.5m came from on-site retail wagering and $258.9m from online betting.
Elsewhere, New Jersey casinos accepted wagers on the Oscars both online and on-site, total handle from which reached $748,000; 24% of this turned into industry revenue (around $180,000).
For the year to date, New Jersey’s total gaming revenue has increased 25% to $479.8m, with casino win increasing 13% to $374m and internet gaming win rising 49% to $65.3m.
Total sports wagering gross revenue for 2019 so far amounts to $31.5m.
Other blog posts from the same category.
We provide business oriented transversal advisory services
At each stage from pre-regulatory work to post acquisition or partnership integration and towards industry game-changing innovations and technologies. Our expertise and network allow us to form ad hoc teams to meet each project challenges and achieve success.
Our organization relies on four axles: Reliance, Alliance, Convergence, Transformance.