Gambling in the USA
NEW JERSEY SPORTSBOOKS NEARLY HIT $500 MILLION MARK IN OCTOBER FanDuel fuels New Jersey’s sportsbooks to new benchmark; Golden Nugget online tops revenue of land-based counterpart, according to PlayNJ.com
New Jersey’s online and retail sportsbooks continued their string of record months and whopping year-over-year gains in October, nearly reaching its first $500 million month. And that growth should continue with the tip-off of basketball season, according to PlayNJ.com analysts.
“New Jersey has a real shot at surpassing Nevada again, if not in October, some time before the end of the NFL season,” said Dustin Gouker, lead analyst at PlayNJ.com. “The state’s handle is growing at a pace near 100%, year-over-year. And the overlapping of football and basketball should propel New Jersey into new territory.”
New Jersey’s sportsbooks accepted a record $487.9 million in bets in October, an 87% jump from $260.7 million in October 2018, according to official reporting released Thursday. October’s handle beat the previous record of $445.6 million, set in September.
October’s bets yielded a record $46.4 million in revenue, up from $11.7 million in October 2018 and breaking the record $37.9 million set last month. October revenue generated $5.7 million in taxes, and pushed the state’s sports betting industry past the $300 million mark ($331.2 million) in lifetime revenue.
New Jersey’s October handle will likely fall short of Nevada — which generated $528.5 million in October 2018 and will announce October 2019 data later this month — for the second straight month. Combined the two largest U.S. markets are generating $1 billion a month in bets. And the Garden State could use the popularity of basketball — which has generated $698.2 million in bets so far in 2019, the most of any sport — to propel it past Nevada once again.
“If New Jersey is going to pass Nevada during the NFL season, it will be in large part due to the comparative popularity of basketball in the Northeast,” Gouker said. “In Nevada, football betting is king, and it’s nearly as popular in New Jersey. But a key differentiator between the two markets is that New Jersey bettors’ have shown more interest in other major sports, especially basketball.”
$417 million of all October bets were made online, accounting for 85% of New Jersey’s handle. That is up from 84% in September.
FanDuel Sportsbook/PointsBet continued to pace the online market, gaining $20.7 million in gross revenue, up from $13.3 million in September. Resorts Digital’s license, which is now anchored by DraftKings and Fox Bet in addition to its self-branded sportsbook, lost ground by generating $10.6 million, down from $10.7 million in September. The online market leaders were followed by:
- Hard Rock/Bet365/Unibet ($1.8 million, up from $178,255 in September)
- Monmouth/William Hill/Sugarhouse/TheScore ($1.7 million, down from $2.4 million)
- Ocean Casino/William Hill ($1.6 million, up from $1.3 million)
- BetMGM/Borgata ($1.4 million, up from $721,801)
- Caesars Sportsbook/888sport ($536,600, up from $486,668)
- Golden Nugget/BetAmerica ($359,216, up from $336,740)
- Tropicana/William Hill ($40,014, up from $29,783)
FanDuel Sportsbook at The Meadowlands posted $4.1 million in October gross revenue, up from $3.6 million in September, to lead retail sportsbooks. FanDuel was followed in gross revenue by:
- Monmouth Park ($1.2 million, up from $996,844 in September)
- Ocean Casino ($697,659, down from $1.8 million)
- Borgata ($458,351, down from $756,416)
- Tropicana Casino ($350,230, up from $170,792)
- Resorts AC ($265,320, down from $340,117)
- Bally’s AC ($233,745, down from $241,703)
- Hard Rock AC ($123,616, down from $231,150)
- Golden Nugget ($176,890, up from $150,698)
- Harrah’s AC ($92,449, down from $118,102)
“The addition of Fox Bet under the Resorts Digital license has reset the race for the top spot in the online market,” Gouker said. “FanDuel is still the most popular single brand in the state, but it will be worth watching whether it can keep up with DraftKings and Fox Bet.
GOLDEN NUGGET’S ONLINE REVENUE TOP LAND-BASED REVENUE AS ONLINE CASINOS ENJOY RECORD MONTH
New Jersey’s online casino and poker industry continued its push toward $450 million in annual revenue after a record October, as the Golden Nugget’s online product generated more revenue than its land-based casino for the first time.
Online casino games and poker generated $45.2 million in October, up 69% from $26.8 million in October 2018, and blowing past the previous record of $41.14 million set in September. The industry has now generated an annual best $384.2 million in revenue so far in 2019 — 58% better than the $242.7 million generated in the first 10 months of 2018.
The importance of New Jersey’s digital product can be seen in the online casino market’s heaviest hitter. The Golden Nugget tallied $16.6 million in October, up 71% from $9.7 million in October 2018, to easily lead the online casino market. More importantly, for the first time its online revenue surpassed the revenue its land-based Atlantic City casino generated ($14.8 million).
“What the Golden Nugget continues to prove is that its online casino can generate millions in revenue and grow at an overwhelming pace without a negative impact on their own land-based operations,” said Eric Ramsey, online gambling analyst for PlayNJ.com. “When the first online casinos launched in 2013, many thought such a dynamic would be impossible. But clearly that has been proven wrong.”
Some other important online casino and poker data from the September report:
- Online casinos generated $6.8 million in tax revenue in October and has now injected $245.1 million into government coffers since launch in November 2013.
- The industry generated $1.5 million per day during the 31 days of October, up from $863,028 per day in October 2018.
- Online casino games generated $43.6 million in October, up from $39.5 million in September. Online poker was flat at $1.6 million.
For more information and analysis on regulated sports betting and online gaming in New Jersey, visit PlayNJ.com/news.
About the PlayUSA.com Network:
The PlayUSA.com Network is a leading source for news, analysis, and research related to the market for regulated online gaming in the United States. With a presence in over a dozen states, PlayUSA.com and its state-focused branches (including PlayNJ.com and PlayPennsylvania.com) produce daily original reporting, publish in-depth research, and offer player advocacy tools related to the advancement of safe, licensed, and legal online gaming options for consumers. Based in Las Vegas, the PlayUSA Network is independently owned and operated, with no affiliations to any casino — commercial, tribal, online, or otherwise.
The Mechoopda Indian Tribe has announced that the Mechoopda Economic Gaming Authority (MEGA) Board has made the decision to suspend operations at Mechoopda Casino. The final day of operations will be Friday, January 31, 2025.
The Mechoopda Casino says this decision comes after months of deliberation and efforts to address the various challenges affecting the casino’s operations.
Dennis Ramirez, Tribal Chairman of the Mechoopda Indian Tribe, said: “Suspending operations at the Casino is a heart-wrenching decision that affects not only our Tribe but also our valued employees, customers, and the surrounding community. While this chapter is closing, our commitment to the Casino’s long-term vision remains steadfast. For over 25 years, this project has been a cornerstone of our economic development goals, and we will continue to work toward its future reopening.”
The Tribe is taking steps to support both its employees and community partners during this transition period:
Employee Support: The Tribe is committed to offering resources and guidance to assist team members through this difficult time.
Remaining Open Until January 31: The Casino will remain open through its final day of operation, giving guests the opportunity to enjoy the remaining days of service.
Bettors in Arizona wagered approximately $791 million on sports in October of 2024, according to a new report by the Arizona Department of Gaming. This represents an approximate 22% increase when compared to October of 2023.
The state collected approximately $2.35 million in privilege fees in the month.
Gambling in the USA
Neosurf & Betting Hero to reveal results of their in-depth study into US online gambling and payment habits in exclusive two-part webinar series
Neosurf, the globally trusted provider of swift and secure cash-to-digital payment solutions, has announced it will be sharing the findings of a recent study into the online betting habits, preferences and frustrations of US players in an exclusive two-part webinar series beginning on January 14th.
Neosurf commissioned the research via Betting Hero – a leading US-based iGaming portal with expertise in casino, sports betting and DFS. The webinars will see Neosurf CEO Americas, Sue Page, Betting Hero’s Co-Founder and President, Jai Maw, and Senior Director of Product and Research, Ernie Ropas, dive into the report’s key findings and discuss what some of the more surprising results could mean for operators.
The survey, which featured respondents from New Jersey, Colorado and North Carolina, aimed to help operators and regulators within the gambling industry better understand the typical US bettor – how and why they bet, what tools they use to manage their budget and what Responsible Gaming means to them. The findings will be revealed in the webinars and used to identify areas where Neosurf’s products can help operators provide a better user experience.
The research highlighted several aspects of payments and responsible gaming that bettors felt could be improved. Problems with payments remain an issue – 52% of respondents said that they’d experienced payment issues in the past year, and with over 50% depositing and withdrawing multiple times each month, there is a significant cost impact to the operators.
Additionally, respondents indicated they’d be in favour of using a service that could share pre-verified ID information with operators, with ease of use for new payment methods and seamless integration across multiple platforms identified as important factors in their choosing and remaining loyal to a single sports betting platform.
Sue Page, Neosurf CEO Americas, said: “It was important to us to gain a more detailed insight into the US sports bettor. We wanted to talk to the players and ask questions that no one else is asking, and through our collaboration with Betting Hero I’m delighted that we now have a comprehensive piece of research.
“Offering valuable insights into player habits – how and why they bet, the ongoing pain points they’re experiencing with payments and their thoughts on Responsible Gaming—we’ll be taking a deep dive into the results of the survey in our two-part webinar series starting at 10:00 ET on January 14th, and we encourage all US-focused operators and regulators to join us.”
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