New Jersey Breaks Gaming Records in June 2021Published July 21, 2021 by Elana K
New Jersey's gaming industry generated $392.8 million last month, a 300% plus increase compared to June 2020 and a 4.9% increase compared to May 2021.
New Jersey’s gaming numbers for June are in, and they are record-breaking. The Garden State generated $392.8 million last month, a 300% plus increase compared to June 2020 and a 4.9% increase compared to May 2021. In fact, June’s numbers are the highest since these gaming figures started being recorded in 2010.
The massive year-on-year increase is no surprise, considering that casinos and sports were mostly shut down last year, and June 2021 was the first month that most COVID restrictions were lifted. Even though mobile betting was theoretically in effect, there weren’t many pro sports to bet on. This June, land-based casinos, mobile, and sports betting all saw increases in revenue.
New Jersey Gaming: Land-Based and Online
The state’s land-based casinos generated $214.5 million in June, with the majority coming from slot machines. These figures show that, despite the high demand for mobile gambling, nothing can quite replace the in-person experience of playing at a slot machine.
Online gambling did well also in June, generating $107.1 million, a 26.1% year-on-year increase.
Borgata replaced the Golden Nugget as the frontrunner of Atlantic City casinos, earning $97.8 in total revenue (land-based, online, and sports betting). Its online gambling revenue alone earned $34.4 million, also first place among other casinos.
New Jersey Sports Betting
While New Jersey’s June handle showed a month-on-month decrease, its revenue rose. In June, the handle reached $767 million, 5.8% down from May 2021 but $117.8% up from June 2020. Notably, out of the $767 million handle, $683 million in bets were placed online.
Revenue, however, yielded $71.3 million, the highest since January’s high of $82.6 million.
The FanDuel/PointsBet partnership dominated online sports betting, generating 89.1% of the months’ handle and earning $38.1 million in gross revenue.
While other states are still struggling with the post-March Madness slump, New Jersey is faring better than others and finding ways to capitalize on the current sporting events that are being offered.