New Jersey iGaming Revenue Rises 4.4 Percent to $259.3 Million in August

New Jersey’s internet gaming revenue rose 4.4 percent year-on-year to $259.3 million in August. The New Jersey Division of Gaming Enforcement released the figures on Sept. 16. The monthly total marked the 11th consecutive month above the $250 million threshold.

The August result stood 6.4 percent below July’s record $276.9 million. Internet gaming win climbed 13.2 percent to $2.13 billion through the first eight months of the year. The sector produced $57.7 million in taxes for the month and $473.4 million year-to-date.

Online Operator Rankings

FanDuel Casino led with $56.7 million, followed by DraftKings at $43.5 million and BetMGM at $35.1 million. Fanatics recorded the strongest growth among established names, up 30.7 percent to $13.1 million, with year-to-date revenue doubling to $106.4 million. Golden Nugget rose 28.8 percent to $11.3 million, BetRivers increased 28.1 percent to $10.7 million, Bet365 gained 46.6 percent to $3.4 million and Resorts Casino advanced 47.6 percent to $2.6 million. Smaller Caesars-affiliated brands also posted revenue.

Mixed Performance in Other Segments

Atlantic City casino win fell 5.5 percent to $294.9 million, though the year-to-date total rose 1.8 percent to $2.01 billion. Sports wagering gross revenue declined 25 percent to $61.4 million, a drop the Division linked to a delayed fall sports calendar and reduced win percentage. Year-to-date sports revenue stands at $671.4 million, down 5.3 percent. Overall gaming revenue across casinos, racetracks and partners decreased 4.1 percent to $615.7 million for August but increased 5.4 percent to $4.81 billion for the eight-month period.

These results show online revenue offsetting softness elsewhere. The pattern bears watching through the remainder of the calendar year as sports calendars normalize.

Reporting: Yogonet International

Generated by SCCG’s automated editorial system from published source reporting. SCCG Management holds editorial responsibility.