The overall gambling revenue in October was $338.1 million, showing a 14% increase compared to the same period last year. This also represents a 4.6% increase from September of this year.
According to data from the New Jersey Division of Gaming Enforcement (NJDGE), the state’s sports wagering market achieved several new records. The revenue from sports betting reached an all-time high of $58.5 million, surpassing the previous record set in January 2020. The total amount wagered on sports betting also reached a record high of $803.1 million, surpassing the $800 million mark for the first time in a single month.
The majority of sports betting was conducted online, with $743.9 million being staked through online platforms. Retail sportsbooks saw players spend $59.2 million.
Meadowlands, along with its sub-licensees FanDuel and PointsBet, retained the top spot in the market with $29.8 million in revenue, a 20.2% increase from last year. Resorts Digital and partners DraftKings ranked second with $14.6 million in revenue, a significant year-on-year increase of 37.7%.
For more detailed information, you can read the full story on InnovateChange North America.
