DraftKings Donghue
In August the alliance announced $56.9m (£45.9m/€53.3m). On $25.7m, this was ahead of Meadowlands and partners FanDuel, PointsBet, and SuperBook. Following the later acquisition of the PointsBet US company in eight states, including New Jersey, PointsBet will shortly rebrand as Fanatics.
With a 47.1% increase over previous year, total sports betting income for the month came to $96.0m. In August, this industry likewise had the highest rate of increase in the state.
Furthermore, sports wagering in New Jersey climbed 32.7% year-on-year from $546.8m to $725.8m. Of this sum, $28.8 million at retail sportsbooks in New Jersey and $697.1m was gambled online.
Sports betting fuels general New Jersey market expansion.
In August, New Jersey's total gaming income jumped 12.9% year-on-year to $531.6m. From $506.2m in July this year, the monthly total was significantly ahead of $470.7m in August 2022.
With a 2.3% increase on last year, land-based gaming brought in $280.3 million. This includes $210.5m in slot income, up 3.0% and $69.7m in table game income, which edged up 0.2% to $69.7m.
With an August total of $155.3m, internet gaming came second in income. This exceeded last year's $131.4m total by 18.1%.
With peer-to-- peer poker income at $2.4 million, online slots accounted for $152.9 million of total igaming income.
With $42.3 million in igaming income, Resorts Digital slid ahead into first rank for the month. Second was Golden Nugget on $40.8m, just ahead of Borgata – July's top scorer – in third with $40.2m.
Revenue edging year-to- date towards $4.0 billion
Looking at year-to-- date performance, New Jersey's overall market income for the eight months to the end of August came in at $3.77bn. This projects 11.2% ahead of the same period in 2022.
Land-based gaming brought in around $1.93 billion, up 2.3%. This covers $496.1m in table game income and $1.43bn in slot income.
Income from internet gaming rose in at $1.24 billion, 14.6% higher. Online poker 6.6% to $19.8m while online slot income rose by 14.8% to $1.22bn.
Regarding sports betting, income increased 42.7% during the eight-month period to reach $597.9m. Handle for the market in this period came to be $6.47 billion.
