Sports betting enjoys strong August as NJ recovery continues
| By Aaron Noy
The New Jersey Division of Gaming Enforcement (NJDGE) has reported a month-on-month increase in revenue across all gambling segments for August, as the state continued its recovery from the novel coronavirus (Covid-19) shutdown.
Overall gaming revenue for the month amounted to $326.3m, which was 7.5% lower than at the same point last year, but 23.4% higher than $264.5m in July this year, as players returned to land-based casinos and the restart of major sports events boosted the state’s sports betting sector.
Focusing on sports wagering, revenue in this segment totalled $39.5m for the month, up 56.7% from $25.2m last year and 33.9% higher than $29.5m in July.
Online remained by far the most popular form of sports betting for players in the state, with consumers placing $601.9m in wagers online, compared to $66.0m at retail locations. In total, players wagered $668.0m on sports during August, more than double the $315.1m bet last year.
Read the full story on iGB North America.