Revenue

July was a big month for the New Jersey online gambling industry. Its land-based properties reopened, yet its online casinos still managed to set a new revenue record.

With many sports on hiatus during the coronavirus pandemic, bettors have returned to a recreation of old, horse racing—the so-called Sport of Kings. Horse racing was a casualty of the COVID-19 shutdowns, but racing was able to return to action much quicker than most other sports, evidenced by the July numbers.

The Pennsylvania Lottery released its annual report (for the fiscal year 2019-2020) earlier this month. The topline numbers show a near 5% decrease in retail sales, but that drop-off comes with a giant asterisk: the coronavirus shutdown. Nor does it factor in the state’s growing online lottery sales.

The industry had a lot to cheer and a lot to jeer when Pennsylvania passed its 2017 gaming expansion law. The massive piece of legislation brought online poker, online casino, retail and online sports betting, online lottery, mini-casinos, and more to the Keystone State.

The legal US online gambling hierarchy is clear; casino and sports betting are the king and queen. But it wasn’t always this way. Online poker was supposed to be a big part of the equation.

This column is part of Betting USA’s monthly market analysis that looks at trends in legal US online gambling markets.

Online gambling has been a runaway success in New Jersey, but according to a newly published report, NJ online gambling and poker is more successful than most people imagine.

The Delaware Lottery has released sports betting figures for the second month now, and total handle is up. According to figures published by the DE Lottery yesterday, Delaware’s three race tracks took more than $8.2 million in wagers and paid out more than $7.6 million in winnings over the period ranging from June 24th to…

New Jersey casinos and race tracks booked $16.4 million in wagers over the first 17 days of legal sports betting in the Garden State. It’s a strong start for NJ sports betting considering Monmouth Park and Borgata began taking wagers on June 14th while the Ocean Resort sportsbook opened for business on June 28th.

New Jersey continues to serve as a case study showcasing the potential offered by legalizing and regulating online gambling in the USA. In January, the regulated online gambling market in New Jersey set a new all-time revenue record of $22 million for the month.