New Jersey Gambling Revenues Drop Slightly as Operators Report Second-highest Figures of 2021

by Thomas Nielsen - Friday, September 17th, 2021 9:29

The New Jersey Division of Gaming Enforcement has released its latest monthly revenue report showing revealing that the state’s licensed gambling operators reported a slight drop in revenues as casinos, sportsbooks, and the horse tracks won just over $427.7 million during the month of August.

The latest figures mark a slight drop of 5% from July’s revenue of $450 million but still see August become the second-highest month of 2021 in terms of revenue generated. Revenues increased by 31% on the same period in 2020 when operators reported revenues of $326.1 million.

Borgata led the casino market with $94 million in revenue while its closest competitor, Hard Rock Atlantic City, saw its revenues drop to $52.4 million for the month.

Online operators reported an internet gaming win of $113.2 million, a jump of 29% on August 2020 although still $5 million short of July’s figure of $118.6 million. The state’s licensed casinos reported a win of $262.4 million for the month compared to $199.1 million for the same period in 2020.

Meanwhile sportsbooks accepted $664.6 million in wagers throughout the month, an increase of almost 15% month-to-month. This brings the year-to-date sports wagering handle to $6.1 billion. Retail sportsbooks took in $51.8 million in wagers while the lion’s share of bets came through mobile sportsbooks as gamblers placed $612.8 million in wagers online. Meadowlands leads the online market generating $26.8 million in revenue. Overall, sportsbooks generated $52 million in revenue for the month, just shy of $13 million more than the same period in 2020.

Total taxes for the month from casino and sports betting revenues amounted to $42.1 million. The casino industry also incurred an additional $6.4 million in taxes on sports wagering gross revenue.

Thomas Nielsen

Thomas is an iGaming veteran with a background in poker and marketing.