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Whoa, hold onto your hats, folks! DraftKings and their partner, Resorts World, totally owned the New Jersey sports betting scene in August, giving Meadowlands a run for its money for the first time since forever, like January 2019 kind of forever. 😎💥
The dynamic duo of DraftKings and Resorts World raked in a whopping $56.9 million in August! 🤑 Meanwhile, Meadowlands and their squad – FanDuel, PointsBet, and SuperBook – were left in the dust with $25.7 million. Talk about a mic drop moment! 🎤💥PointsBet is also doing a glow-up soon, turning into Fanatics after the cool acquisition dance in eight states, including our beloved New Jersey. 🎉
Total sports betting revenue for the month hit a smashing $96.0 million, marking a jaw-dropping 47.1% rise from the previous year. This sector was like the star player, shooting up with the highest percentage of growth in the state. 🌟📈
Yo, the sports wagering action in New Jersey was on fire! A 32.7% spike in handle, jumping from $546.8 million to $725.8 million year-on-year. Almost $700 million of that action went down online, and a cool $28.8 million went old-school at retail sportsbooks across the state. Retro vibes, anyone? 😎🎰
And guess what? This sports betting extravaganza was the fuel that rocketed the whole gambling market in New Jersey! 🚀 The total gambling revenue shot up 12.9% year-on-year to a massive $531.6 million in August. It’s like hitting the jackpot, but for the whole state! 💸💰
Land-based gambling grabbed a slice too, bringing in $280.3 million in revenue, a 2.3% bump from last year. Slots were making it rain with a 3.0% increase in revenue, while table games were like, “Hey, don’t forget about us!” with a 0.2% nudge to $69.7 million. Go team! 🎉💵
But hold up, the internet gambling gang wasn’t far behind, hauling in a cool $155.3 million in August. That’s an 18.1% jump from last year, folks! Online slots were the rockstars, pulling in $152.9 million, while peer-to-peer poker was chilling with $2.4 million. 🃏💻
Resorts Digital was the high-roller, bagging $42.3 million in igaming revenue for the month. Golden Nugget and Borgata were playing catch-up, but hey, it’s a tough race out here! 🏎️💨
Zooming out, looking at the year-to-date scoreboard, the market revenue in New Jersey for the first eight months of the year hit a solid $3.77 billion. That’s a slick 11.2% ahead of the same period in 2022. 📆💪
Land-based gambling brought in $1.93 billion, a 2.3% bump. Slots and table games were like the OG money makers. Internet gambling was the real MVP though, showing off a 14.6% rise to $1.24 billion. Slots and poker online were doing their victory dances too! 💃🎉
And don’t even get us started on sports betting! The revenue soared a whopping 42.7% to a jaw-dropping $597.9 million for the first eight months. The handle for this sports betting fiesta? A mind-boggling $6.47 billion! 🏀🏈
Stay tuned, folks! New Jersey’s gambling scene is hotter than a summer sidewalk. 🔥💫
