New Jersey has recorded sports activities betting handle of $814.3m for May well 2021, a 9% boost from April 2021.
According to PlayNJ, the figure is a 591% rise from Might 2020, in what is “a usually gradual thirty day period in the sporting activities betting marketplace.” Income for the thirty day period arrived at $52.9m, a 4% decline from April 2021, even though this month’s gain yielded $7.9m in taxes.
On the internet betting accounted for $736.7m of the state’s whole manage for the month, with retail sportsbooks accounting for $77.6m upon the loosening of capability boundaries at Atlantic Metropolis casinos.
And it was basketball that manufactured the highest overall in bets at $216.7m, with the New York Knicks, Brooklyn Nets and Philadelphia 76ers all in action in the National Basketball Affiliation playoffs. Baseball followed with $186.1m in wagering.
FanDuel Sportsbook/PointsBet led the way in on the web operators with $29.8m in gross profits for May perhaps, with its Meadowlands location also top the retail sector with $4.8m in earnings.
The newest figures necessarily mean that the Backyard garden Condition has surpassed Nevada as the country’s premier sports betting industry. Due to the fact launching in June 2018, New Jersey has generated $16bn in bets and $1.1bn in gross revenue.
“Sportsbooks have been equipped to capitalize on the NBA playoffs to shallow the typical summer months slowdown, on line casinos continue to produce massive profits, and Atlantic Metropolis is obtaining busier,” claimed Dustin Gouker, analyst for PlayNJ.com. “New Jersey’s gaming field seems more healthy than any individual would have imagined achievable a 12 months ago.”
On the net casinos and poker rooms in the meantime recorded in excess of $100m in revenue for the third consecutive thirty day period, with May’s complete reaching $108.2m. The vertical has produced $3bn because launching in November 2013.
Borgata led the way for the thirty day period with $32.8m in on line casino and poker income, with Golden Nugget in second with $31.1m. Resorts Digital, which contains the DraftKings and Fox Bet models, followed with $21.6m.