New Jersey June Sports Betting Revenue Rises Sharply

New Jersey June Sports Betting Revenue Rises Sharply
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New Jersey’s sports betting handle experienced a better-than-expected spike in June as sports – if not the casinos where about 10% of the bets are made on them – slowly returned.

In a stunning development for New Jersey sportsbooks during a year when the coronavirus has devastated much of the gaming industry, the state’s sports betting revenue for 2020 is on about the same pace as 2019.

June’s total sports betting handle was $165,014,553, up 40% from May ($117,821,281), according to figures that the state Division of Gaming Enforcement released Tuesday. The online handle was identical in both months – with physical casinos closed, mobile sports betting was the only way to go in May and June.

Having a robust mobile sports betting market helped the Garden State salvage decent numbers even in a month where bettors were still waiting for major sports leagues to begin playing games.

New Jersey Sports Betting, June vs. May

June ‘20 May ‘20Change
Net Revenue $12.639M $9.912M Up 27.5%
Total Handle $165.015M $117.821M Up 40%
Online Handle $165.015M $117.821M Up 40%

New Jersey sports betting revenue in June was $12,639,282. That was not only up 27.5% from May 2020 ($9,912,062) but also up 30.3% from June 2019 ($9,701,925).

So, in a year when revenues are down precipitously pretty much everywhere, the first half of 2020 was almost identical to January-June 2019 in New Jersey for sports betting revenue. Sports wagering revenue for the first six months of 2020 was $108,929,049 – only 0.6% lower than the $109,633,765 from the same timeframe last year.

The year-over-year picture for sports betting handle isn’t as rosy. That’s to be expected as June 2019 had MLB in full swing plus the NBA Finals. Total New Jersey sports betting was down 39.6% from June 2019 ($273,222,975), and the mobile handle was down 27.2% from 12 months earlier, when it was $226,702,566.

But things should be looking up. UFC and NASCAR had a full month’s worth of betting in June and will continue in July, plus golf betting returned when the PGA Tour got back into action. More crucially, the NBA and MLB are slated to restart in late July.

New Jersey Sports Betting, June 2020 vs. June 2019

June ‘20June ‘19Change
Net Revenue $12.639M $9.702M Up 30.3%
Total Handle $165.015M $273.223M Down 39.6%
Online Handle $165.015M $226.703M Down 27.2%

New Jersey Casinos Reopen in July

Mobile sports betting continued to be 100% of the market in June with casinos still closed during the month. Of course, 90% of the New Jersey sports betting market was already online before coronavirus concerns shut down brick-and-mortar casinos in March. All but one of Atlantic City’s nine physical casinos have reopened, but not in time to be reflected in the June numbers.

RELATED: See Which New Jersey Casinos Are Open

Gov. Phil Murphy gave Atlantic City casinos the go-ahead to open in early July with new restrictions. Resorts, Tropicana, Ocean, Golden Nugget and Hard Rock all reopened on July 2. Harrah’s, Caesars and Bally’s followed suit on July 3. By Murphy’s order, there is not drinking, eating or smoking inside the casinos at this time.

The only New Jersey casino still closed is Borgata. On Tuesday, Borgata announced on its website that it would reopen July 26, complying with new cleaning and social distancing measures and offering more outdoor dining options.

New Jersey Online Gaming

New Jersey online casinos posted gaming numbers ahead of the 2019 pace. In May, the state’s iGaming handle rose 7.5% compared to April. The internet gaming win fell off a bit in June – it was $84,913,147, down 1.2% from May when it was $85,939,942.

But that June figure was up 123.1% from June 2019 ($38,058,244).

Those iGaming numbers should keep rising as DraftKings is now offering a standalone casino app featuring games such as roulette and blackjack.

Meanwhile, New Jersey’s top online poker sites saw $3,537,077 in June, almost exactly double the $1,770,178 in June 2019. The June peer-to-peer total in the state was down from the $4,516,529 online poker win in May.

The World Poker Tour offered a new event for New Jersey poker players in June, the WPT Online Poker Open. The main event was June 28.

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