NJ Online Gambling Sites Make $92 Million Gross Revenue In November
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NJ Online Gambling Sites Make $92 million Gross Revenue In November. Sports betting and retail casino revenue both went down. Atlantic City casinos remain open but they face tight restrictions. The continued surge in cases of COVID-19 is likely leading customers to stay home. New Jersey's total gaming revenue for November was $289 million, compared to $338 million in October.
NJ Online Gambling Sites Make $92 million Gross Revenue In November. Daily average revenue increased slightly, to $3,060,906. Online casinos saw monthly total revenue fall, but daily average revenues increased. Hard Rock increased its daily revenue 18.7%, whereas Tropicana dropped 12.9%. Borgata is trying to overtake Golden Nugget for market leadership. Golden Nggl Nugent saw a 4.4% drop in daily revenues in November, while Borgatta increased 6.1%.
Combined revenue for online casinos and poker in October amounted to $91,827,190. Daily average revenue increased slightly, to $3,060,906.
NJ Online Gambling Sites Make $92 million Gross Revenue In November. Online casinos' monthly revenue was down, but daily average was up. Poker's monthly revenues were down by 1.6%, but year-on-year increase of 60. 6%.
NJ Online Gambling Sites Make $92 million Gross Revenue In November. Online sports betting made $43.7 million. In October, bets received in October amounted to just over $800 million, including both retail and online channels. November, handle for online sportsbooks was $872 million and retail outlets added $60 million to that. Hold was 7.3%, up from 6.0%. Meadowlands Racetrack's share of the market dropped to 49%, the first time it has been less than one-half since July. Resorts, home to Fox Bet and DraftKings, now holds a 29% share.
