- In September 2020, New Jersey had a sports betting handle of 748.59 million U.S. Dollars, up from the previous month's total of 667.98 million U.S. Sports betting handle in New Jersey from.
- New Jersey became the first US state to generate more than $900m in sports betting handle in a calendar month during November. Total sports wagering handle hit $931.6m during the period according to figures published by the New Jersey Division of Gaming Enforcement (NJDGE).
- The New Jersey sports betting market has been on a roll. Setting records for the past two months, the NJ sports betting market hit another high in October with over $803 million. The state's gambling revenue went up by 15% in October. In August, New Jersey broke the previous records with about $667.
- ATLANTIC CITY, N.J. — New Jersey gamblers wagered more than $931 million on sports in November, the latest in a string of monthly records set by a rapidly growing market that's closing in on the $1.
NJ Online Gambling: Up and Up!
New Jersey reported a betting revenue of just $2.6 million compared to $21.2 million a year ago. Interestingly, the state is still up on the year for sports betting ($86.4 million) compared to 2019 ($84.4 million), which highlights the steep growth curve it was on prior to the pandemic.
Online casinos and sportsbooks saw another record-breaking year in 2019. Combined, they saw $482.7 million in revenue in 2019!
The fact is that the online casino industry has seen increases nearly every single month in New Jersey. February 2020 saw a small, expected dip from January. However February stillbeat January in terms of daily revenue.
NJ Online Betting Revenue in 2020
At the time of writing, New Jersey is pulling out of a rough couple of months. Revenue in May 2020 was $117,821,280, which is a 116% improvement over April's measly $54,593. Still, May 2020'sincome is a far cry from May 2019's, which was $318,940,677.
Now (as of the time of writing) that Atlantic City is reopening and some sports are going, we can expect a jump in sports betting.
But don't think that gamblers were sitting twiddling their thumbs while sports were down. Online casino gambling saw a huge jump this May. Over $85 million came in through onlinecasino and poker sites, which is a huge jump from May 2019's $38,300,000.
Hard Rock
We can expect a substantial increase in income as physical casinos are opening back up. But when the industry will get back on track is the million-dollar question.
NJ's 2019 Sports Betting Revenue
At the end of 2019, New Jersey could boast of a huge revenue of almost $300 million. That's the money in, and the other good news is that folks are eager to play: sportsbookssaw $4.58 billion handled in 2019!
Mohegan sun casino online, free slots. And the state of New Jersey certainly isn't complaining either. $36 million is going into New Jersey state tax coffers!
Which Online Sportsbook Made the Most Money in 2019?
The big winner for 2019 was FanDuel..without a doubt! FanDuel made over $149 million in 2019. That's over half of the combined revenue from all sportsbooks in New Jersey! Coming in adistant second is DraftKings, which raked in around $79 million.
A Glorious December 2019 for Online Casinos!
2019 ended with a nice couple of months for online casinos and poker sites in New Jersey. December was the big month, where the Garden State saw $49.3 million flow in from online gambling.December 2019 was the most lucrative month for New Jersey online casinos and poker sites so far.
As usual, the online casinos were leading the way here. They contributed $47.6m to that $49.3 million. Poker's being a bit of a slow poke, but we'll hoping it'll step up soon.
Sportsbetting's Big December 2019!
Sports Gambling Revenue
Online sportsbooks saw a huge $557.8 million in handled bets in December 2019. That means it nearly met November's record-setting $562.7 million!
New Jersey Tax Revenue
The state of New Jersey has done very well under online gambling, and they made sure they would. While the state gets 8.5% of revenue from land-based casinos, you'll have to cough up 13%of your winnings on an online casino.
Sports Gambling Revenue
Online sportsbooks saw a huge $557.8 million in handled bets in December 2019. That means it nearly met November's record-setting $562.7 million!
New Jersey Tax Revenue
The state of New Jersey has done very well under online gambling, and they made sure they would. While the state gets 8.5% of revenue from land-based casinos, you'll have to cough up 13%of your winnings on an online casino.
BetMGM
FOX Bet
Nj Sports Gambling Revenue
Figures released Thursday from the New Jersey Division of Gaming Enforcement show Atlantic City's nine casinos and the three horse racing tracks that offer sports betting handled over $748 million in bets, easily surpassing the national monthly record they set just a month earlier, when $668 million was wagered on sports in August.
Both figures easily eclipsed what had been the U.S. record of $614 million set in Nevada in Nov. 2019.
So far this year, New Jersey casinos and tracks have taken in nearly $3.3 billion in sports bets alone. That equals or surpasses what Atlantic City used to make in an entire year from casino gambling before sports betting was legalized.
New Jersey won a U.S. Supreme Court case in 2018 allowing all 50 states to offer legal sports betting should they so choose. It quickly dominated the East Coast market and challenged Nevada for the national lead.
The $748 million includes the total amount of bets accepted by the casinos and tracks; after paying off winning bets and expenses, they kept $45 million of that total.
Including casino games, the gambling industry in New Jersey won $323.2 million in September, an increase of 6.5% over last September, when there was no pandemic and casinos were operating at full capacity. Casinos are currently limited to 25% occupancy as a precaution to prevent the spread of the coronavirus.
The Borgata won $64 million in September, down 2.8% from a year earlier. Golden Nugget won $37.5 million, up 16.3%; Hard Rock won $35.8 million, up 12.5%, and the Ocean Casino Resort won $29.5 million, up nearly 22%.
Sports Gambling Revenue Pennsylvania
The Tropicana won $26.1 million, down nearly 10%; Harrah's won $19.5 million, down 26.6%, and Caesars won $18.9%, down 1.8%.
How to write a blackjack program in c.Resorts won $13.9%, down 7.5%; and Bally's won $12.9%, down 15.6%.
The Ocean Casino showed the largest percentage increase in September revenue in Atlantic City, and CEO Terry Glebocki said that was due to serval factors.
'The combination of Labor Day weekend and the return of indoor dining, limited to 25%, afforded us the opportunity in September to continue the momentum created here at Ocean,' she said. 'Our guests have enjoyed dining again at their favorite restaurants within our casino resort, and our year-over-year gaming revenue growth of nearly 27% is indicative of the successes we have achieved.'
James Plousis, chairman of the New Jersey Casino Control Commission, was heartened by the pace of recovery of casino gambling revenue.
'Casino win was 85 percent of last September's performance, aided by the reopening of casino restaurants on September 4, and the resumption of food and beverage service on casino floors,' he said. 'These results were promising in the midst of continuing travel advisories that decrease visits from out of state, as well as restrictions on capacity, amenities and entertainment that have made 2020 not reasonably comparable to last year.'
Sports Gambling Revenue Nj Reg
Internet gambling revenue was $87.6 million in September, up 113% from the $41.1 million it produced in Sept. 2019.
Sports Gambling Revenue Nj Reg
The Freehold Raceway began taking in-person bets on Sept. 24, making it the third horse racing track in the New Jersey sports betting market. It has not yet been approved for mobile sports betting and reported a loss of almost $45,000 in the final week of the month.
Gambling Revenue By State
The Meadowlands Racetrack in East Rutherford, near New York City, continued to dominate sports betting in the state, with $28.1 million in revenue in September. Monmouth Park in Oceanport, about 18 miles (29 kilometers) east of Freehold near the Jersey Shore, made nearly $3.5 million.
(©Copyright 2020 by The Associated Press. All Rights Reserved.)
