NJ on-line gaming revenues up 58% as cross-sell continues to pay | EGR North America

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Sports activities revenues fall $6m month-on-month as a number of brick-and-mortar casinos lose cash

New Jersey has reported a 58% year-on-year rise in on-line gaming revenues for the month of Might, because the trade continues to learn from cross-sell from sports activities betting.

On-line on line casino and poker was price a mixed $38.3m in Might, with sports activities betting price $15.5m.

As highlighted by analyst Steve Ruddock, the rise in on-line on line casino versus 2018 ($14.2m) was virtually equal to complete sports activities betting income ($15.5m)

On-line on line casino was once more the expansion engine, rising 63% to $36.5m.

The Golden Nugget licence, which additionally contains FanDuel/Betfair On line casino, was the net gaming market chief with revenues of $14.1m.

The Resorts licence, which incorporates DraftKings, was second out there with $8m.

On the sports activities facet, on-line betting continued to dominate, accounting for 83% of deal with and 88% of the $15.5m revenues, as a number of brick-and-mortar casinos misplaced cash to clients.

Might revenues had been down some $6m in comparison with April, partially attributable to maintain and seasonality.

🧐The L Record
(NJ Sportsbooks to lose cash in Might 2019):
Ocean B&M
Resorts B&M
Arduous Rock On-line
Golden Nugget On-line (BetAmerica/GN)

— Captain Jack Andrews (@capjack2000) June 12, 2019

The Meadowlands licence, utilized by FanDuel and Pointsbet, was the market chief with $eight.7m in betting income in Might.

FanDuel stated in an announcement it remained the “clear market chief”, including that its retail numbers had been down a “tick” because of so many bettors successful massive.

The Resorts licence containing DraftKings and BetStars got here in second out there at $5.1m, with Monmouth Park (housing SugarHouse and William Hill) the one different licensee to succeed in seven-digits at $1.4m.

For historic knowledge on the New Jersey market, go to EGR North America’s new Sports activities Betting Tracker.

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