Press Releases
New Jersey Sportsbooks Bring Good News With $165 Million in June Bets
Futures betting and nontraditional sports helped New Jersey’s sportsbooks avoid an early summer lull in June, while online casinos and poker continued to lead the state’s gaming industry. June’s $165 million handle was good news, even if it still meant sportsbooks took in $300 million less in bets than an ordinary June, according to PlayNJ estimates. And with baseball and the NBA season set to open in late July, retail casinos reopening, and significant investments in online casinos and poker, better days are nearing for the Garden State’s gaming industry.
“June is typically slow for sports betting so any growth is a surprise, and it appears July will return the gaming industry to something more resembling normal,” said Dustin Gouker, lead analyst for PlayNJ.com. “New Jersey will still have longer-term issues. It will take time to recover, and the gaming industry will likely be affected for as long as the world is suffering from this health crisis. But for now, optimism in the industry is growing.”
New Jersey’s handle rose 40.1% to $165 million — all from online betting — from $117.8 million in May, according to official reporting released Tuesday. June 2020 was down 39.6% from $273.2 million in June 2019.
Gross revenue in June rose to $12.6 million from May’s $9.9 million and was actually more than the $9.7 million in revenue generated in June 2019. June’s revenue yielded $1.7 million in state taxes.
Sports categorized by New Jersey as “other” than football, basketball, and baseball generated a shocking $125.8 million in bets in June, up from $95.4 million in May. And bets on the three major U.S. sports ticked up, mainly on the power of futures betting on baseball and the NBA ahead of an expected July return of both.
“The robust betting on nontraditional sports since the sports world has shuttered has been a surprise, but it will never completely make up for the loss of major sports,” said Eric Ramsey, an analyst for PlayNJ.com. “Futures will continue to gain steam, fueled by pent-up demand, as the opening of baseball, basketball, and hockey nears. If plans continue to move forward, July and August should produce a significant leap.”
With Atlantic City casinos closed in June, online sportsbooks were again the only revenue generator for the state. FanDuel Sportsbook/PointsBet led the market with $6.2 million in gross revenue, up from $4.3 million in May. FanDuel was followed in revenue by:
- Resorts Digital/DraftKings/Fox Bet ($3.9 million, up from $3.8 million in May)
- BetMGM/Borgata ($881,435, up from $701,283)
- Ocean Casino/William Hill ($691,135, up from $439,967)
- Monmouth/William Hill/Sugarhouse/TheScore ($593,548, up from $466,142)
- Hard Rock/Bet365/Unibet ($450,589, up from $230,004)
- Caesars Sportsbook/888sport ($43,561, down from $107,171)
- Tropicana/William Hill ($5,245, down from $23,476)
- Golden Nugget/BetAmerica ($66,533, up from $54,433)
“As strong as online sports betting continues to be, the reopening of Atlantic City is crucial to healing the industry, even with restrictions,” Gouker said. “It will help generate new revenue, of course. And in doing so, operators are hopeful that it will help the industry steady itself.”
Online casinos and poker level off
The rapid growth of online casinos and poker cooled in June, combining to generate $84.9 million in revenue, down 1.2% from the record $85.9 million in May but up 123.1% from $38.1 million in May 2019. Together, online casinos and poker generated $2.8 million a day in the 30 days of June — on par with May — and yielded $12.8 million in state taxes.
Online casino games alone have grown revenue from $50.2 million in February to $81.4 million in June. Online poker has jumped from $1.8 million in February to $3.5 million in June.
Even with retail casinos reopening, many remain bullish on the future of online gambling. Golden Nugget Online Gaming, which dominated the market again in June with $29.15 million in revenue, announced plans to go public. And last week, MGM Resorts/GVC Holdings released its plan to invest $250 million more in its online platform.
“The Golden Nugget Online Gaming going public, in addition to the recent success of DraftKings stock, shows just how much interest investors have in the future of online gambling,” Gouker said. “Online gambling has proven its importance to the industry through this crisis. Even if the growth slows with the return of retail casinos, it will continue to be an enormously important vertical for the industry.”
Latest News
GAN Selects Internet Vikings’ Hosting Solutions in Arkansas
Internet Vikings, a licensed in-state hosting provider for iGaming and online sports betting, announces the extension of its relationship with GAN Sports®, a supplier of industry-leading casino content, into Arkansas.
Following a successful multi-state collaboration initiated in 2022, Internet Vikings continues to support GAN by delivering hosting services tailored to their operational needs. Internet Vikings is continuing to grow across the United States, as Arkansas becomes the latest state to benefit from their hosting services.
GAN, a B2B supplier of internet gambling software-as-a-service solutions, initially entered into an agreement with Internet Vikings in a landmark deal covering 15 states. Since then, the relationship has grown stronger, with GAN relying on Internet Vikings’ bare metal server solutions to support their large-scale U.S. operations.
This expansion into Arkansas follows a recent deployment in Nevada, where Internet Vikings also provides hosting solutions to GAN. As GAN continues to operate across regulated U.S. markets, Internet Vikings remains a dependable resource, and has demonstrated its reliability to support long-term growth.
Rickard Vikström, CEO and Founder of Internet Vikings, shared his thoughts, “Our relationship with GAN reflects the trust we’ve built over the years. It’s not just about providing hosting solutions; it’s about understanding their vision and exceeding their expectations.”
Latest News
ICE Barcelona 2025: Alona Shevtsova on Sends’ Vision for the Future of Gaming
The Sends team attended the biggest and most famous gaming conference, ICE, now held in Barcelona, Spain. From the 20th to the 23rd of January, the leading gaming companies and solution providers gather for business meetings, experience sharing and networking. More than 170 countries visited, achieving the number of 55,000 visitors.
“Our team attends the ICE conference annually. Previously held in London, the financial capital and home to our head office, 2025 is the first time it’s hosted in Barcelona—and it remains as expansive and resourceful as ever. We’re thrilled to participate, connect with our partners, explore innovative solutions, and engage with market leaders. At Sends, we are committed to staying ahead in this dynamic industry, never missing an opportunity to gain fresh insights and experiences,” commented Alona Shevtsova, Director at Sends.
As the organisers of ICE 2025 said, after a rigorous, independent selection process, ICE and iGB Affiliate moved to Fira Barcelona Gran Via because Barcelona presents a compelling list of benefits, including improved logistics and operational efficiency. The location is close to Barcelona airport and is well connected to the public transport network, offering a world-class in-show and around-show experience.
It is worth mentioning that this February, Send will co-host its event in London for fintech companies. This is the third gathering in London to network and connect industry professionals. To get more information about the London Fintech Meetup, follow the link.
To get more details, keep in touch with Sends on social media: LinkedIn and Instagram.
Latest News
SCCG Partners with Osage Nation Gaming Enterprise to Enhance Interactive Gaming Operations with Managed Services
SCCG Management, a leading global advisory firm in the gaming and sports betting industry, is proud to announce its engagement by the Osage Nation Gaming Enterprise (ONGE) to assist in developing innovative, robust, player-centric solutions for sportsbook operations, on-line/mobile social casino, and Class II mobile on-premise gaming, designed to enhance the patron experience with diverse content, and drive operational efficiency.
The ONGE, operators of seven gaming and hospitality facilities in Oklahoma, is known for providing an intimate, guest-focused gaming, service, and entertainment experience. This collaboration marks a significant step in integrating advanced technology and operational expertise to deliver innovative solutions for the evolving interactive gaming landscape.
SCCG Managed Services (SCCGMS) specializes in turnkey solutions for tribal operators to develop, optimize, and manage sports betting and interactive gaming offerings. For the ONGE, , SCCGMS will assist in sourcing and implementing customized products and services tailored to their operations, enabling patrons to enjoy casino-style games on their mobile devices while within designated areas of the casino properties. This service ensures compliance with regulatory standards while delivering a seamless and convenient gaming experience.
“Our mission is to ensure operators like the Osage Nation Gaming Enterprise can fully harness the potential of their gaming operations,” said Stephen Crystal, Founder and CEO of SCCG Management. “This partnership is about bringing cutting-edge technology and operational expertise to elevate interactive gaming experiences. We are honored to collaborate with the ONGE, a leader in tribal gaming, to pave the way for enhanced content, responsible gaming, and innovation.”
“On behalf of Osage Casinos, we are very pleased to announce our engagement of SCCG to assist us with developing these new products and services for our guests,” offered Kimberly Pearson, CEO of Osage Gaming.
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