New Jersey Online Gambling and Sports Betting Set Records in July

Published August 20, 2019 by Elana K

New Jersey Online Gambling and Sports Betting Set Records in July

New Jersey online gambling revenue reached a record-high this July at $39.9 million; on the flip side, sports bettings saw an all-time low handle this month of $251.3 million.

New Jersey has done it again. Its online gambling revenue reached a record-high this July at $39.9 million - $200 thousand more than its previous record, which was set in March of this year. July's revenue is also 52 percent higher than July of 2018, making for an all-around impressive feat.

Casino Rankings

The Golden Nugget seems unstoppable, hitting its own personal record of just under $14.9 million. Resorts Digital Gaming came in second with $6.87 million, Borgata came in a close third with $6.36 million, Caesars Interactive Entertainment earned $5.08 million, and rounding out the top five was the Tropicana, with just over $3.8 million.

Though Caesars came in fourth in overall online gambling revenue, it posted a little over $800 thousand in poker, the highest from any of the other casinos that offer online poker.

New Jersey Sports Betting Slows Down

New Jersey’s sports betting also hit a record in July, but not the way operators would have liked. July marked the lowest overall handle since sports betting was legalized over a year ago, with $251.3 million. July, however, is typically a low-betting month, since the only pro sport that’s not on break is baseball, and that generates the least action.

Online sportsbooks were responsible for the majority of revenue, with $213 million; on-site sportsbooks generated only $38.3 million. Since sports betting began, casinos have already earned $127.5 million, while New Jersey's total gaming revenue since 2019 is $1.925 billion.

Despite sports betting's record-low in July, there’s no reason that it shouldn’t pick up once football and basketball seasons start. If there's one thing New Jersey excels at, it's gaming.

See also

New Jersey Online Gambling Sets Record Month in October

NJ Online Gambling in August Generates $41 Million in Revenue


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