New Jersey Sports Betting Revenue Drops 24% in June

Casinos and racetracks report significant declines attributed to luck and variability in gambling outcomes.

Overall gambling revenue in New Jersey increased by 7.4% to over $491 million in June.
Sports betting revenue at New Jersey casinos fell by nearly 24%, while total sports betting revenue, including horse tracks, declined by 9.5%.
Some casinos, like Bally’s and Hard Rock, saw substantial increases in sports betting revenue despite the overall decline.
Industry officials cite poor luck and the inherent variability of gambling as primary factors for the revenue drop.
Concerns remain as only two casinos reported higher in-person gambling revenue compared to pre-pandemic levels.