New Jersey June GGR sets monthly record
New Jersey casinos reported gross gaming revenue of $345m in June, setting a new state monthly record.
iGaming and sports betting win led to the new GGR record, which dates to 1978.
Atlantic City’s nine casinos saw $215m from brick-and-mortar revenue, down 9% from June 2019, the last comparable year.
Slots generated $154m, while table games brought in more than $60m.
Online casinos and poker rooms earned casinos another $107m, compared to $38m the same month two years prior. iGaming revenue was also up 26.1% from the $85m won in June 2020.
Borgata/BetMGM led the online market in June, bringing in GGR of $34m. Golden Nugget was second with $27.6m, while ResortsDigital/DraftKings/Fox Bet earned $22.5m.
Online poker produced $2.2m for the month, down 37.5% from June 2020.
Online revenue generated $18.7m in state and local taxes.
New Jersey sportsbook had another strong month, taking in $777m in handle, down 5.8% from May. Revenue was $71.3m, the second-highest of 2021 behind January’s pull of $82.6m.
Sportsbooks won big on parlay bets, which has a hold percentage of 17.8% so far this year.
Revenue was up 34.7% from May, when sportsbooks won $52.9m. State and local taxes from sports betting amounted to $10.5m.
Basketball was responsible for $191m of wagers in June, with much of that money undoubtedly on the Brooklyn Nets, who reached the Eastern Conference Semifinals of the NBA Playoffs before falling to the Milwaukee Bucks.
Online wagers made up $735m, or 89%, of June’s handle.
FanDuel/PointsBet were the big winners in June, earning $38m, while runner-up ResortsDigital/DraftKings/Fox Bet won $13m.
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