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00:00All right, finances are in from New Jersey, the latest in terms of the money with this
00:07latest quarter.
00:08Jim, always appreciate you bringing that to the table.
00:11What can you tell us?
00:12How did New Jersey perform recently?
00:13Yeah, so New Jersey Sportsbook saw year-over-year growth in handle in June up 27% last month
00:23compared to June of 2023.
00:26Probably $750 million in handle in June compared to about $590 million in June of 2023.
00:34And it's interesting to kind of track this New Jersey market over the last year or so.
00:41We did see some declines there, a little bit of some sputtering in that New Jersey market
00:47when, of course, the New York online market opened up in January of 2022.
00:54And New Jersey kind of suffered a little bit from that.
00:57We recall all of those stories of New Yorkers driving across the George Washington Bridge,
01:02sitting on the other side in New Jersey territory, placing their bets on a Sunday morning and
01:08then going back to their apartments in Manhattan or any of the five boroughs and watching their
01:14bets play out during NFL Sunday.
01:17So when that market opened up in New York, New Jersey did feel a little bit of a hit.
01:23So what we've seen over the last six, eight, even 10, 12 months is that New Jersey has
01:30really regained its footing since then.
01:34June and the month prior just came off of a streak of six or $7 billion months in handle
01:41in a row in New Jersey.
01:42And, of course, a lot of that can be attributed to, in these last two months, just the limited
01:48options on that sports betting calendar.
01:51But overall, I think just a pretty positive trend that New Jersey has seen in the last
01:57year since it's kind of regained its footing, like I said, from when New York opened up
02:02at the beginning of 22.
02:04Overall, FanDuel DraftKings still tops in that market.
02:07But again, just a pretty positive trajectory that New Jersey has been on in the last handful
02:12of months.