New Jersey Gaming Revenue For September: Sportsbooks Vs. Casinos

  • Online casinos in New Jersey and online sportsbooks both set records for the month of September according to reports released by the New Jersey Division of Gaming Enforcement.
  • Sportsbooks brought in $748.6 million in handle, with over 90% of that coming from mobile platforms.
  • Retail and online casinos and sportsbooks in the state took in a combined revenue of $368 million in September.

ATLANTIC CITY, N.J. -  The revenue numbers for the New Jersey gaming sector have shown that both sports betting and casino gambling was very active for the month of September.

Internet gambling and mobile platforms took in the bulk of sports wagers while a big chunk of casino profits came from these types of outlets.

But going head to head, which kind of gambling did the people of the Garden State favor more for the month, sports wagering or casino games? Let’s look at the figures and find out.

September Revenue For New Jersey Sports Betting

The New Jersey Division of Gaming Enforcement  (NJDGE) released their September reports for casino and sportsbook engagement in the state.

Sports betting in the state made a new monthly record for themselves and the entire nation for the sports wagering industry, raking in $748.6 million in handle. That’s an increase of 12.1% over August’s numbers.

The NBA Finals, the end of the Stanley Cup series, and the addition of the NFL and college football are contributing factors for the sky-high number of wagers. From a year-to-year viewpoint, the action was up by 68% as September 2019 brought in $445.6 million.

Of the $748.6 million wagered, $678.7 million was bet using mobile online sportsbooks. That’s 90.6% of all sports betting activity for the month being done through these outlets by sports bettors.

It’s being said that sports wagering could have gone well over their latest record in New Jersey if more college teams were playing.

The Coronavirus Pandemic has led to some teams forgoing their seasons. Sportsbooks that saw the most revenue were FanDuel and PointsBet with over $25 million in online profits. DraftKings and FOX Bet brought in $4.8 million and BetMGM saw $4.1 million.

PlaySugarHouse came in last with $3.5 million. Total revenue from sports wagers was still the third-highest the state has seen in a month at $45.1 million since the market opened in 2018.

NJ Online Casino Revenue For September

As for casino activity, online poker games and casino applications saw a revenue of $87,633,697. Casinos took in nearly double the revenue of sportsbooks for the Garden State in September. A new record was set for the daily average revenue which was estimated to be about $2,921,123.

Reports from the NJDGE have retail and internet gaming figures totaling $368 million in revenue for the month.

PokerStars, DraftKings, and Mohegan Sun had a surge in activity by 13.8% for online casino games. The Golden Nugget and Borgata platforms took a backseat to the surge with those three companies being a part of Resorts who is edging out the other two.

The Golden Nugget’s activity went down by about 6% bringing in $26 million. Caesars did the worst for the month, enduring a drop of 9.9% from a month-to-month basis and bringing in $8.3 million.

Who Did It Best?

Records were set for both sportsbooks and casinos online in New Jersey for September 2020. Gambling on all fronts is back in full swing after coming off of the Coronavirus Pandemic.

But when it comes to the straight revenue numbers for the month, it would seem that the Garden State likes the slots a little more than sporting events. Or sports bettors are getting far luckier than casino players in payouts because sports betting had more activity while casinos had more revenue.

Either way, it’s casinos for the win in New Jersey’s September gaming market for state profits.