Gaming: Record Brand-new Jersey Betting Handle In Aug, Likely Leading To 3Q Upside

2026-04-27T19:55:08Z

FayRoque5651 : Page créée avec «  Morgan Stanley Reaserch: New Jersey sports betting handle increased 128% y/y on a packed calendar vs. July +25%/ decreases March-June. iGaming revenue grew 114% bu... »

Morgan Stanley Reaserch: New Jersey sports betting handle increased 128% y/y on a packed calendar vs. July +25%/ decreases March-June. iGaming revenue grew 114% but slowed from current months. Sports betting revs will likely beat our 3Q est but absence of significant sports in Nov/Dec recommend year in line. Casino revs fell (31 )% vs. July (47 )%. NJ's Division of Gaming Enforcement sports wagering, online betting, and casino (slot/table) revenue information today. Sports wagering & iGaming earnings together increased 92% y/y to $127m from $66m last year, down a little from 105/104% in July/June, but greater than March/April/May +10/ 43/78%. Including physical [https://analitikform.com/index.php?route=journal3/blog/post&journal_blog_post_id=9 gambling establishment] earnings that decreased (31 )% in Aug, all-in income was down (7.5 )% to $326m, much better than July down (21 )%. As a tip, a lot of NJ gambling establishments 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 wagering/ iGaming opportunity, where we see more undiscovered worth. New record for sports betting volumes. NJ's Aug sports wagering manage increased 128% y/y to $668m, [https://transcrire.histolab.fr/wiki/index.php?title=Utilisateur:FayRoque5651 setting] a new record 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 deal with 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 casino 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 [https://gantnews.com/classifieds/author/maddisonbur/ quantity wagered] in Aug as positive, we highlight results gained from having NBA, MLB, and NHL playing vs. [https://theideasbodega.com.au/do-you-have-the-curse-of-knowledge/ typically] only MLB. We expect promos (complimentary bets) were likewise high. Amounts wagered should stay strong in Sept provided all 4 big leagues will be playing vs. simply the NFL and MLB last year. However, we are [http://cespedypavimentos.es/blog/40_felpudos-vinilo-rizo-pvc.html cautious Nov-Dec] could soften as it will see just 2 months of NFL and 1 month of NHL (possibly) vs. NBA, NFL, and NHL all playing last year. Net-net, there are 11 more cumulative months of the 4 major sports leagues playing through YE vs. 12 last year. Sports wagering profits in line, with minor share movements. Aug revenue 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 betting profits of $66m over the previous 2 months recommends NJ will likely exceed our $101m 3Qe, but there's threat 4Q underperforms our $164m quote (+50% y/y) with fewer major sports in session. In Aug, FanDuel-Pointsbet-Meadowlands reported 54% market share, up from July 48%/ June 48%/ YTD 51%, while [https://findproperti.in/author/reginaldflaher/ 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 throughout several shared licenses. iGaming stayed strong. NJ iGaming revenue 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 estimates of $945m/$1.0 B, and 3Q is now tracking to $263m (straight-line) vs. MSe $260m. We had actually expected strong development from stay-at-home tailwinds however saw risk of more substantial deceleration due to enhancing physical casino traffic driving churn of March-July sign-ups. NJ iGaming profits is now $598M YTD, up 101% y/y, and $783m TTM, up 93% y/y. Market shares were relatively similar m/m, with the exception of [https://oke.zone/viewtopic.php?id=342577 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 effect of COVID-19 coupled with strong current [https://www.kenzoramen.ca/g5/bbs/board.php?bo_table=reviews&wr_id=9&page=1999&c_id=24048&w=c&c_id=24094&w=c iGaming] leads to both NJ and PA ought to stimulate more states to legalize, though have actually seen more momentum for sports wagering. Still prematurely to read into gambling establishment outcomes. Aug gambling establishment earnings declined (31 )% y/y to $199m, was lower on an outright 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 limitations/ lack of indoor dining remain substantial headwinds. By comparison, Las Vegas Strip casino earnings decreased (39 )% y/y in July after falling (61 )% in June after re-opening 6/4. Regional markets are performing much better, with MD July/Aug profits down (6 )/( 3 )% after re-opening 6/19, OH July/Aug earnings +12/ 5% after re-opening 6/19, and [https://wiki.internzone.net/index.php?title=The_BET_9ja_Promo_Code_For_2026_Is_YOHAIG MO revenue] down (9 )/( 13 )% after re-opening 6/1, though IL July/Aug income decreased (29 )/( 26 )% after re-opening 7/1. In NJ, Ocean gambling establishment earnings especially outshined with income up 1% y/y to $24m, while the other casinos saw double-digit y/y revenue declines.

Utilisateur:FayRoque5651

2026-04-27T19:55:05Z

FayRoque5651 : Page créée avec « [https://heealthy.com/question/the-bet-9ja-promotional-code-2026-is-yohaig-2/ Nigerian Betting] News covers the latest developments, offers, and news from [https://lav... »

[https://heealthy.com/question/the-bet-9ja-promotional-code-2026-is-yohaig-2/ Nigerian Betting] News covers the latest developments, offers, and news from [https://lavallee-avon77.fr/segpahtm/photosegpa19/ Bet9ja]. We help [https://gantnews.com/classifieds/author/maddisonbur/ Nigerian bettors] discover the latest [https://atashcable.ir/%D9%88%DB%8C%DA%98%DA%AF%DB%8C-%D9%87%D8%A7%DB%8C-%DA%A9%D8%A7%D8%A8%D9%84-%D8%A7%D8%B9%D9%84%D8%A7%D9%85-%D8%AD%D8%B1%DB%8C%D9%82/ sign-up] offers and promotions, [https://locuss.evomeet.es/employer/the-bet-9ja-promotion-code-2026-is-yohaig including] the [https://carltoncox.com/gallery/emodule/416/eitem/98 YOHAIG promo] code, [https://l.igreentransforma.com.br/retaslate41023 offering] new members a [http://git.520hx.vip3000/jetta964879246/the-bet-9ja-promo-code-this-2026-is-yohaig/wiki/The-BET-9ja-promotional-code-2026-is-YOHAIG first-deposit bonus] when they join. All content on our site is written for [https://silatdating.com/@piperanthon985 bettors] in [http://mnoldsclub.org/gallery/emodule/463/eitem/1041 Nigeria] looking accurate, [http://topsite.otaku-attitude.net/index.php?a=stats&u=ermashackell607 up-to-date] information about [https://www.ksi-italy.com/assistenza-contrattuale/ Bet9ja][https://gitlab.and-works.com/almacato714376 's products] and [https://nmedicine.net/sedalishhnyj-nerv/ promotions]. Also visit my web-site; [https://worldaid.eu.org/discussion/profile.php?id=1608435 Bet9ja]

Transcrire-Wiki - Contributions de l’utilisateur [fr]

Gaming: Record Brand-new Jersey Betting Handle In Aug, Likely Leading To 3Q Upside

Utilisateur:FayRoque5651