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The New Jersey Division of Gaming Enforcement recently published June’s financial outcomes for sports betting, online gambling, and in-person casino activities. The report shows a significant decrease in sports betting revenue, which dropped to $27.1 million, marking a 23.9% decline compared to June 2023.
The total sports betting handle for June reached $748.4 million, with nearly $719 million coming from online wagers. Despite the overall increase in gambling revenue, the dip in sports betting has raised eyebrows. Industry experts attribute the decline to a streak of bad luck during the month.
Resorts Digital experienced a steep decline of 43.3%, bringing in $14.3 million in sports betting revenue. The physical sportsbook at Resorts Casino saw a 34% drop, earning just over $99,000. Ocean Resorts Casino faced an even tougher time, moving from $82,000 in June 2023 to a loss of nearly $19,000 this year.
In contrast, Bally’s saw a substantial rise in sports betting revenue, earning almost $1.9 million in June 2024, a significant increase from $351,000 in June 2023. Hard Rock also posted impressive gains, with sports betting revenue surging nearly 200% to $4.6 million.
Overall, combined revenue from sports betting, online gambling, and in-person casino games for June grew by 7.4% year-over-year, totaling $491 million. Borgata led the pack with a 5.7% increase, generating $110 million. Golden Nugget followed closely, with a nearly 20% rise, reaching $64.2 million.
Hard Rock continued its upward trajectory, reporting a 24.4% year-over-year increase with $63.7 million in revenue. However, Ocean Casino Resort saw a slight decline of 0.4%, bringing in $39.6 million.
Tropicana Hotel had an outstanding performance, with revenue jumping by 30.7% to $38.5 million. Bally’s also reported positive results, with a 27% increase, totaling $24.6 million. On the downside, Caesars, Harrah’s, and Resorts experienced declines of 11%, 8.8%, and 2.3% respectively compared to June 2023.