CEO of Super Group announces withdrawal of Betway Sportsbook from New Jersey, with Betway Casino continuing operations in the region.
Richard Janvrin, a seasoned sports writer with a knack for crafting informative reviews for sportsbooks and casinos, is associated with Gambling.com. His expertise has been instrumental in the success of Betway Casino NJ, a casino operated by Betway Group, which is part of the larger Flutter Entertainment group.
Betway Casino NJ has been a significant player in New Jersey's online casino market, despite the market share being smaller compared to leading operators like DraftKings and FanDuel. The casino has consistently generated revenue since its launch in January 2024.
- In January, Betway Casino NJ generated $237,329 in revenue, accounting for 0.13% of the total.
- In February, this figure increased to $290,930 (0.16% of the total).
- In March, the casino generated $199,328, contributing 0.10% to the total revenue.
- April saw a significant jump in revenue, with Betway Casino NJ generating $429,175, or 0.23% of the total.
- In May, the casino earned $211,114, maintaining its 0.10% contribution to the total.
- June 2024 was a record-breaking month for the New Jersey online casino market, with a total revenue of $186.8 million across 30 online casinos. Betway Casino NJ was responsible for 0.21% of this total, amounting to $396,223, ranking 28th out of 30 casinos. This revenue was higher than that of 888 Casino, which began withdrawing from New Jersey in May 2024.
Super Group, the parent company of Betway Sportsbook and Casino, announced that the NJ online casino will remain while the sportsbooks are leaving the state. The decision to shut down the sportsbook came after an "extensive review." However, the online casino has been a much bigger success for Super Group in the Garden State market, with the vast majority of Super Group's revenue being generated in iGaming.
June 2024 represented the fourth-best month in New Jersey online casino history, revenue-wise. Despite the strong competition, Betway Casino NJ continues to hold its ground, offering a leading casino product that Super Group plans to continue offering in New Jersey and Pennsylvania.
