New Jersey’s Division of Gaming Enforcement has published its gaming revenue report for June 2019, showing a total of $283.8m compared to $233.6m in June 2018, reflecting a 21.5% increase.
Casino win for June was $236m increasing 13.7% from the same month last year. Internet gaming win was $38.1m compared to $22.7m year-on-year, reflecting growth of 67.8%. Sports wagering gross revenue was $9.7m for the month.
For the year-to-date, the industry’s total gaming revenue was $1.59bn through June 2019 compared to $1.26bn in the prior period, reflecting an increase of 26.2%. Casino win was $1.26bn reflecting a 13.1% increase year-on-year. Internet gaming win increased 55.8% to $217.5m when compared to the prior period, while sports wagering gross revenue was $109.6m.
Focusing on Atlantic City returns, the Casino Association of New Jersey’s President, Kevin Ortzman, said: “Summer is in full swing and Atlantic City is busy with visitors. June was a great month for Atlantic City as we enjoyed great weather, marked the one-year anniversary of the legalization of sports betting, along with the one-year anniversaries of the opening of two new casinos. We look forward to continued growth throughout the summer as we welcome visitors to our dynamic resort destination.”
June marked 13 straight months of revenue gains for Atlantic City. This builds upon the momentum the legalization of sports betting created over the last year. In May, New Jersey sportsbooks beat Nevada for the first time ever, with New Jersey sportsbooks taking in $1.5m more in wagers. Industry experts believe Atlantic City’s growth will continue to translate into increases in jobs and tourism throughout the summer months.
Commenting on a strong month for sports betting, despite June being a typically slow period for sports was Dustin Gouker, lead sports betting analyst for PlayNJ.com. “To approach $275m during a month where the only major sports betting event is the NBA Finals says something about the trajectory of New Jersey’s sports betting market,” he commented. “Basketball clearly drives interest, but it also shows that interest in sports betting in general continues to expand.”