NJ online gaming revenues up 58% as cross-sell continues to pay
Sports revenues fall $6m month-on-month as several brick-and-mortar casinos lose money
New Jersey has reported a 58% year-on-year rise in online gaming revenues for the month of May, as the industry continues to benefit from cross-sell from sports betting.
Online casino and poker was worth a combined $38.3m in May, with sports betting worth $15.5m.
As highlighted by analyst Steve Ruddock, the increase in online casino versus 2018 ($14.2m) was almost equal to total sports betting revenue ($15.5m)
Online casino was again the growth engine, growing 63% to $36.5m.
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