Gaming: Record New Jersey Betting Handle In Aug, Likely Causing 3Q Upside

2026-04-22T15:53:33Z

BenitoTreat838: Die Seite wurde neu angelegt: „ Morgan Stanley Reaserch: New Jersey sports betting deal with increased 128% y/y on a packed calendar vs. July +25%/ decreases March-June. [https://harry.main.jp/mediawiki/index.php/%E5%88%A9%E7%94%A8%E8%80%85:ArtO49092097 iGaming] income grew 114% but slowed from recent months. Sports wagering revs will likely beat our 3Q est but lack of major sports in Nov/Dec suggest year in line. Casino revs fell (31 )% vs. July (47 )%. NJ's Division of…“

Morgan Stanley Reaserch: New Jersey sports betting deal with increased 128% y/y on a packed calendar vs. July +25%/ decreases March-June. [https://harry.main.jp/mediawiki/index.php/%E5%88%A9%E7%94%A8%E8%80%85:ArtO49092097 iGaming] income grew 114% but slowed from recent months. Sports wagering revs will likely beat our 3Q est but lack of major sports in Nov/Dec suggest year in line. Casino revs fell (31 )% vs. July (47 )%. NJ's Division of Gaming Enforcement launched Aug sports wagering, online gambling, and gambling establishment (slot/table) [https://thaprobaniannostalgia.com/index.php/User:HershelHughey0 profits data] today. Sports wagering & iGaming profits together increased 92% y/y to $127m from $66m last year, down somewhat from 105/104% in July/June, but greater than March/April/May +10/ 43/78%. Including physical gambling establishment earnings that decreased (31 )% in Aug, all-in revenue was down (7.5 )% to $326m, much better than July down (21 )%. As a tip, a lot of NJ casinos re-opened 7/2 with 25% video gaming capacity/no F&B. We highlight CZR and WMH as our favored plays on the nascent US sports betting/ iGaming opportunity, where we see more undiscovered worth. New record for sports betting volumes. NJ's Aug sports betting handle increased 128% y/y to $668m, [https://lebenskunst.berlin/index.php?title=Benutzer:BenitoTreat838 setting] a vs. $563m in Nov '19. Handle had increased only 25% in July (to $315m), while June was down (40 )%/ May (63 )%/ April (83 )%/ March (51 )%. Aug manage increased 112% m/m, which was lower than IN's up 140% (report), though NJ is more mature having actually released online in Aug '19 vs. IN Oct '19. With NJ gambling establishment traffic still low, we highlight that online sports betting handle increased 142% y/y vs. July 39%/ June down (27 )%/ May (55 )%/ April (79 )%/ March (45 )%. While we generally view the amount wagered in Aug as favorable, we highlight results taken advantage of having NBA, MLB, and NHL playing vs. generally just MLB. We expect promotions (totally free bets) were also high. Amounts bet must stay strong in Sept provided all 4 big leagues will be [https://heyyo.social/@kaseycolls084?page=about playing] vs. simply the NFL and MLB in 2015. However, we beware Nov-Dec might soften as it will see simply 2 months of NFL and 1 month of NHL (potentially) vs. NBA, NFL, and NHL all playing in 2015. Net-net, there are 11 more cumulative months of the 4 significant sports leagues playing through YE vs. 12 in 2015. Sports betting income in line, with minor share movements. Aug income was $40m, growing 57% y/y, showing 6% hold (vs. Aug '19 9%/ historical avg 7%). Revenue was above July $30m (9% hold), June $13m (8% hold) and Aug '19 $25m (9% hold). NJ sports wagering income of $66m over the past two months recommends NJ will likely surpass our $101m 3Qe, but there's threat 4Q underperforms our $164m price quote (+50% y/y) with less significant sports in session. In Aug, FanDuel-Pointsbet-Meadowlands reported 54% market share, up from July 48%/ June 48%/ YTD 51%, while [https://kb.smds.us/index.php/User:EffieSerra83360 DraftKings-FOX Bet-Resorts] posted 25% vs. July 28%/ June 31%/ May 38%/ YTD 29%. It appears William Hill held its share at ~ 10%, though it operates across numerous shared licenses. iGaming stayed strong. NJ iGaming earnings was $88m in Aug, up a little vs. July $87.5 m/June $85m/May $86m, though development was somewhat lower at up 114% y/y vs. the prior 3 months each up 123-124%. Revenue is now run-rating $1.1 B on an annualized basis vs. our 2020/2021 market price quotes of $945m/$1.0 B, and 3Q is now tracking to $263m (straight-line) vs. MSe $260m. We had [https://lunarishollows.wiki/index.php?title=The_Bet_9JA_Promo_Code_2026_Is_YOHAIG anticipated strong] growth from [https://thestarsareright.org/index.php/The_Betnaija_Promotional_Code_This_2026_Is_YOHAIG stay-at-home tailwinds] however saw threat of more significant deceleration due to enhancing physical casino traffic driving churn of March-July sign-ups. NJ [https://gogs.mneme.dedyn.io/dongcairns6692 iGaming income] is now $598M YTD, up 101% y/y, and $783m TTM, up 93% y/y. Market shares were reasonably similar m/m, with the exception of Golden Nugget (incl. FanDuel) falling to 32% (from July 36%/ June 34%). Resorts (incl. DKNG) had 20% share vs. July 21%/ June 20%, Caesars 11% vs. July 11%/ June 10%, Tropicana 7% (in line with July/June), and Hard Rock 7% vs. July 6%/ June 7%. We continue to think the financial impact of COVID-19 paired with strong recent iGaming results in both NJ and PA must stimulate more states to legislate, though have actually seen more momentum for sports betting. Still [http://botasdevalverde.com/blog-de-botas-camperas/5_cómo-saber-la-talla-de-mis-botas-de-valverde-.html prematurely] to check out into gambling establishment results. Aug casino revenue declined (31 )% y/y to $199m, was lower on an absolute basis vs. July $147m, though July was down (47 )%. Casinos re-opened on 7/2 but some reopened later e.g. Borgata 7/26, and 25% capacity limits/ lack of indoor dining remain substantial headwinds. By comparison, Las Vegas Strip gambling [http://www.ecordt.it/servizi/scavi-demolizioni/img_0990/ establishment earnings] declined (39 )% y/y in July after falling (61 )% in June after re-opening 6/4. Regional markets are carrying out much better, with MD July/Aug income down (6 )/( 3 )% after re-opening 6/19, OH July/Aug earnings +12/ 5% after re-opening 6/19, and MO revenue down (9 )/( 13 )% after re-opening 6/1, though IL July/Aug earnings declined (29 )/( 26 )% after re-opening 7/1. In NJ, Ocean casino profits especially outperformed with profits up 1% y/y to $24m, while the other gambling establishments saw double-digit y/y income declines.

Benutzer:BenitoTreat838

2026-04-22T15:53:27Z

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Gaming: Record New Jersey Betting Handle In Aug, Likely Causing 3Q Upside

Benutzer:BenitoTreat838