Investing.com - Barclays released its state gaming revenue tracker for May 2026, showing retail gross gaming revenue flat in New Jersey and down 1% year-over-year in Indiana, while online sports betting handle and revenue declined across most major operators.

New Jersey reported May gross gaming revenue flat year-over-year compared to 12% growth in April and 3% growth in March. Indiana posted a 1% year-over-year decline in May gross gaming revenue, following 5% growth in April and a 6% decline in March. Retail gross gaming revenue for states reported so far rose 2% year-over-year, or 1% on a same-store basis.

In New Jersey, MGM Resorts International (NYSE: MGM) reported flat May gross gaming revenue versus 14% growth in April, while Caesars Entertainment (NASDAQ: CZR) posted a 5% decline versus 11% growth in April. In Indiana, Penn Entertainment (NASDAQ: PENN) reported 7% growth, Boyd Gaming (NYSE: BYD) rose 6%, and Churchill Downs (NASDAQ: CHDN) gained 3%, while Caesars fell 3%.

Digital sports betting handle and gross gaming revenue tracked flat and down 4% respectively for May. BetMGM tracked down 5% in both handle and revenue, DraftKings (NASDAQ: DKNG) fell 5% in handle and 15% in revenue, Flutter (NYSE: FLUT) declined 7% in handle and 11% in revenue, Caesars dropped 7% in handle and 12% in revenue, and Penn fell 25% in handle and 34% in revenue.

Hold rates for May showed Flutter at 13.2%, Penn at 9.9%, DraftKings at 9.8%, BetMGM at 9.6%, and Caesars at 7.8%.