Gambling operators in New Jersey enjoyed a prosperous year in 2019, handling a total of $4.58 billion in wagers. This was the first time that total handle in the Garden State had surpassed $3 billion since 2012.
This was over double what was achieved in 2018. However, it’s worth noting that the regulated sports betting market only opened six months into that year.
Significant bet increases
Compared to this half-year period in 2018, total wagering went out by over 1,089%. The 2018 figure was $385.3 million.
By the end of 2019, 83.7% of sports bets in New Jersey took place online. This channel was also the biggest source of revenue for sportsbooks. Of their $299.4m revenue in 2019, $244.5m was made via the internet.
December figures were also strong
Sports betting in New Jersey fell just short of its $562.2m record handle in November, but still reported strong figures of $557.8m. Sportsbooks in the state made $29.4m, which was also a slight decrease from November’s $32.9m.
New Jersey has also released its December figures for online casino, in which it handled $287.3m. This was an 11% year-on-year increase compared to 2018, when the total figure was $258.8m.
Online casino and poker were also big movers in the Northeasterly state last month. They brought in a record $43.9m, which was a 70% annual rise. Over the course of last year, revenue reached $482.6m – compared to $298.7m in 2018.
Which operators were the big winners?
Golden Nugget remained top dog in New Jersey in December 2019 for online casino, making a total of $17.2m in gross gaming revenue (GGR). It was followed by Resorts Digital, which brought in $11.9m – compared to $4.3m during the same period in 2018.
FanDuel remained top of the pile for online sports betting, reaching $12.1m in GGR. This was slightly down from $12.2m in the previous month. For land-based betting, FanDuel’s Meadowlands outlet was the state leader.