New Jersey’s 14 online sportsbooks continued to dominate the Garden State’s flourishing, year-old sports wagering industry in May.
And FanDuel, with its online sportsbook, remained the standout market leader of the industry.
NJ’s total handle for the month was $318,940,677 and of this amount, 82.65% ($263.5) came via its online sportsbooks.
In terms of revenue, the percentage earned online from a total of $15,536,384 exceeded in-person Casino bets by even more. In this instance, the percentage was as high as 88%.
NJ’s May handle once more underlined its claim that it’s on track to overtake long-time sports betting Mecca Nevada.
It exceeded Nevada’s total handle for the same month last year. And this despite the fact that while sports betting has never been banned in Nevada it has only been legal in NJ since May 2018.
This was shortly after the Supreme Court struck down the PASPA law that had made sports betting illegal in most US states.
Casinos struggling to grow in-person sports betting
In the meantime, NJ Casino and racecourse in-person sports betting continued its struggle to grow – and May didn’t help.
Its total revenue of $1,816,825 for the month was the second-lowest since NJ’s sports betting launch in June last year.
Its sports handle also took a knock. The $55,388,358 in bets placed at its land-based institutions was its lowest since July 2018.
Even Meadowlands Racetrack, which had never before reported less than $1 million in monthly revenue, totaled only $796,469 in May.
FanDuel and its associate, PointsBet, at Meadowlands, remained the New Jersey sportsbook front runners in May.
Meadowlands earned 50% of NJ’s sportsbook revenue in May
Of New Jersey’s total sports betting revenue of $15, 536, 384, more than 50% came in via the sportsbooks at Meadowlands. And of this $8,662,960 total, $7,865,591 came via online bets taken mostly by FanDuel.
Like Meadowlands, most NJ license holders (i.e. casinos and race courses) have more than one associate online sportsbook. The figures given by the state’s DOG for these institutions are composites.
They don’t break them down associate by associate. However, we do know from other sources that FanDuel’s recent intake of sports bets has far exceeded its partners.
You can say the same of DraftKings, the1st NJ sportsbook to take an online wager and the state’s early market leader.
Driven by its established multitude of daily sports fantasy patrons, it spearheaded Resorts Atlantic City’s 6-month climb to the top with total revenue of $30.4m.
During the same period, FanDuel’s partner Meadowlands trailed its major rival with total revenue of $15.2m.
Come 2019, however, and it all turned around. In the first five months of this year, the revenue of Meadowland (FanDuel) has surged to $42,399,938 – some $16 million more than Resorts (DraftKings).
Over New Jersey’s first year of sports betting, however, the two great DSF-sportsbook rivals are galloping neck to neck.
Meadowlands (FanDuel, PointsBet) lead with $57,651,167, but Resorts (DraftKings, BetStars, Resorts Sports) is close behind with $57,188,476.
The following NJ sportsbook revenue figures for May should help you get an overall picture of the state’s sports betting industry.
New Jersey sportsbook revenues for May 2019
NEW JERSEY TOTAL: online 13,719,559; retail $1,816,828; total $15,536,384
Meadowlands (FanDuel, PointsBet): online $7,865,598; retail $796,469; total $8,662,060
Resorts (DraftKings, BetStars, Resorts): online $4,103,394; retail -$12,138; total $4,091,256
Monmouth (William Hill, SugarHouse): online $817,499; retail $537,593; total $1,355,092
Ocean Resort (William Hill) online: $625,785; retail -$21,891; total $603,894
Bally’s (Caesars, 888sport) Online $235,674 retail $119,583 $355,257
Borgata (PlayMGM, Borgata Sports): online $119,054; retail $50,768; total $169,822
Tropicana (William Hill): online $8,583; retail $97,471; $106,054
Harrah’s: online N/A; retail $67,115; total $67,115
Golden Nugget (BetAmerica, GN Online) online -$16,957; retail $46,688; total $29,731
