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Igaming in New Jersey exceeds $ 100 million as bookmakers go back to the top

Online casino and poker rooms in New Jersey scored a third consecutive £ 95m by May, as the Garden State sports betting ecosystem saw a spike in wagering in its expected slow month.

With the region's total revenue growing 117.4 percent year-over-year to $392.2m (2020: $52.8 million), gaming revenue reached $107.2m, which is slightly less than half a percentage point more than $ in April .7 million.

Online casino and poker revenue growth of 25.9 percent from $52.9 million in May 2018, with the latest results bringing in $21.9m in state and local taxes.

Borgatawhich includes the brand BetMGMstill holds its place at the top of the tree with $29.8m, edges $95 of the Golden Nugget

.1m. Resorts Digital closes the top three with $21.5m.

On land, there is no change from month to month, with Borgata headed by revenues $52.6 million, ahead of Hard Rock Hotel & Casino Atlantic City

and

Ocean Casino Resort

with $ 29.9m and $21.6 million respectively.

"Even as Atlantic City lifts pandemic limits and retail revenues are slowly returning, online casinos continue to stick to profits made over the past year," he said. Eric Ramsey, PlayNJ.com analyst.

"Internet revenues have been clearly resilient, but hopefully the retail market can keep this return to pre-pandemic levels."

As online New Jersey and retail bookmakers celebrated the state's third anniversary of sports betting, an unexpected increase in betting has been witnessed in what has been widely documented as a slower period.

Bettors placed $814.3 million bets at regional bookmakers during the month, an increase of 591.1 percent from the $108.8m downloaded in May 2018 and 8.9 percent. with 591 million $ in April. This generated $ 52.9 million in revenue, up 433.6 percent year-on-year from $ 9.9 million, and raised $ 7.9 million in taxes.

FanDuel Sportsbook / PointsBet best online operators with $29.8 million gross revenues, z Meadowlands / FanDuel at the head of retail ledgers with USD 4.8 million.

Since its launch in June, 814, New Jersey bookmakers have generated $10 billion in betting, $ 1.1 billion in gross revenues and 159.4 million in taxes. From June 2018 to April 2018, Nevada received $.5 billion in plants and $909.3 million in operator revenues.

"The sports betting market in New Jersey has not only grown to be the largest in the US, it has transformed into the state least affected by the seasonality of sports betting," added Ramsey.

“Of course, no market can completely avoid natural ebb and flow. But New Jersey is less dependent on the soccer and sports betting holidays than any other major US market. ”

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