New Jersey

New Jersey Sports Betting Sees February 2021 Revenue Increase

The New Jersey Division of Gaming Enforcement reported $46.2 million in sports wagering gross revenue for the month of February, an increase of nearly $30 million in sports wagering revenue reported in February 2020.

The Borgata posted the highest sports wagering revenue this past month, at $4.96 million, also an increase over its February 2020 sports wagering revenue of just over $714,000.

Casino Licensees 2021 February Sports Wagering Revenue 2020 February Sports Wagering Revenue
Bally’s (Premier) $227,939 N/A
Borgata $4,961,308 $714,024
Caesars $480,038 N/A
Golden Nugget $127,105 ($135,314
Golden Nugget Online Gaming ($37,143) ($308,997)
Hard Rock $1,140,260 $115,691
Harrah’s ($49,082) $41,649
Ocean Casino $2,129,951 $102,147
Resorts $226,305 $47,143
Resorts Digital $7,718,070 $4,008,234
Tropicana ($509,245) $122,457

The Meadowlands posted the highest sports wagering revenue figure for any New Jersey institution, and all racetrack licensees, reporting $27.18 million this past month compared with $10.9 million in February 2020.

Racetrack Licensees 2021 February Revenue 2020 February Revenue
Freehold Raceway ($8,982) N/A
Meadowlands $27,186,590 $10,990,797
Monmouth Park $2,620,750 $1,236,715

NJ Sports Gambling Year-to-Date Revenues

Year-to-date New Jersey reports $128,584,141 in sports wagering gross revenue compared with $70,562,554 at this point in time year-to-date in 2020.

For the month of February 2021, total gaming taxes were $30.2 million. The state currently imposes an 8% tax on casino gross revenue, 15% of Internet gaming gross revenue, 8.5% tax on casino and racetrack sports wagering gross revenue and 13% tax on casino and racetrack sports wagering Internet gross revenue.

Source

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