ATLANTIC CITY, NJ, January 14, 2022 /PRNewswire/ — New Jersey’s online and retail sports betting has attracted over $1 billion bets for the fourth consecutive month and online casinos broke their revenue record with $133 million in December, capping off a remarkable year for sports betting and online casinos. Corn from New Jersey The status of the largest online sports betting market in the United States could be threatened with the launch of mobile sports betting in the United States. New York in January, according to PlayNJ, which tracks gaming trends in the state.
“It suits that from New Jersey sports betting ended the year at a near-record pace, but December could mark the last month of a billion dollars in New Jersey for the foreseeable future,” said David Danzis, analyst for PlayNJ.com. “State sports betting has already exceeded expectations, and operators will make adjustments to ensure that New Jersey remains among the best markets in the United States”
from New Jersey managed online and retail sports betting $1.23 billion paris in december, just below the record $1.30 billion in betting reached in October, according to an official report published on Friday. The betting volume increased by 23.4% compared to the $996.3 million generated in December 2020.
Bettors also fared much better than in November, when sports betting set an American record by winning $114.8 million. Instead, sports betting won $59.0 million of gross revenue, down 11.1% from $66.4 million in December 2020. These revenues generated $8.9 million in national and local taxes.
Football draw $398.8 million in betting, the largest share of all sports in December. basketball led $384.4 million in bets.
“A 17th game added to the NFL schedule and the continued popularity of basketball helped keep the action fast throughout the month,” Danzis said. “With near $4 billion in bets made, the last four months have been a fantastic end to 2021.”
For the year, from New Jersey retail and online sports betting products:
- $10.9 billion in online and retail betting, the most of any US state in 2021. Volume increased 81.8% from 2020.
- $815.8 million gross revenue, up 104.7% compared to 2020.
- $122.0 million national and local taxes, up 104.7% compared to 2020.
“2021 will be remembered as the year that New Jersey was the undisputed leader in the US market, even if that status proves to be fleeting,” said Eric Ramsay, an analyst for the PlayUSA.com network, which includes PlayNJ.com. “New York will almost certainly assume the crown soon, while New Jersey risk of slipping behind Nevada and more in the coming year. Yet sports betting will remain a powerful revenue generator for the state.”
Online sports betting represented $1.1 billion in betting, or 90.3% of the state’s handful in December. FanDuel/PointsBet/SuperBook dominates the online market again with $27.6 million gross revenue, down from $59.0 million in November.
Retail sports betting attracted $119.3 million in paris, up $114.0 million in November. Meadowlands/FanDuel dominated the retail market with $2.4 million In income.
Online casinos and poker set new record
from New Jersey online casinos and poker rooms closed 2021 with a record $133.2 million in turnover, breaking the record $127.0 million generated in October. Revenue increased by 25.3% compared to $99.5 million in December 2020.
For the year, from New Jersey generated online casinos:
- $ 1.4 billion gross revenue from online casino games and poker rooms, up 40.9% compared to 2020.
- $1.3 billion revenue from online casino games alone, up 43.5% compared to 2020.
- $239.2 million national and local taxes, up 40.9% compared to 2020.
“Expanding online casino revenue may have been the best surprise of 2021,” Ramsey said. “Not only have the operators kept the gains made in 2020, but they have managed to exploit them. The market may be nearing its ceiling. But online casinos should not be impacted much by the New York one online sports betting product, which will only add to their importance to the state’s gambling industry in 2022.”
For more information: PlayNJ.com/news.
About the PlayUSA.com Network:
The PlayUSA.com network and its state-focused branches are a leading source for news, analysis, and research related to the regulated online gaming market in the United States.
Zack Room, Catena Media, 775-338-0745, [email protected]