New Jersey Online Betting and Sports Betting: July FiguresPublished September 23, 2021 by Elana K
New Jersey online gambling hit a record in July of $118.7 million, nearly $5 million more than the previous record of $113.7 million, set in March 2021. Sports betting showed a slight decrease in handle.
The New Jersey Division of Gaming Enforcement (NJDGE) reported record-high revenue from its online gambling industry in July. The month’s total came to $118.7 million, nearly $5 million more than the previous record of $113.7 million, set in March 2021. July’s total shows an approximate 36% year-on-year increase.
The state’s total gambling intake, including online and in-person betting, sports betting, and racetracks, amounted to $450.6 million in July, a 70.4% year-on-year increase and a 14.7% month-on-month increase.
In-Person Betting on the Rise
In-person betting has played a role in boosting the state’s revenue, as COVID restrictions have been steadily easing up despite the Delta variant. In July 2020, New Jersey casinos just reopened after being shut down for several months, so people were not very eager to come and revenue was low.
In July 2021, almost all of the COVID restrictions have eased up. As a result, all nine of the state’s casinos saw a surge in July revenue, with Hard Rock leading the way with a 79% month-on-month increase.
New Jersey Sports Betting
While New Jersey online gambling hit a record in July, the state’s sports betting industry did not prove immune to the typical July slump that affected most other states. The NJDGE reported that July’s sports betting handle amounted to $578.7 million, a slight decrease from June’s $766.8 million.
While disappointing, the dip isn’t altogether surprising, given the pattern from previous years and similar decreases in other states. August is not projected to be much better, since basketball season is over. Handle and revenue are expected to increase in September, once football season starts.