New Jersey’s online and retail sportsbooks dealt with $1.23bn in wagers in December 2021, the fourth consecutive month the state has attracted in excess of $1bn in wagers.
The total fell just small of October’s record of $1.30bn, but on line casinos did deal with to break their income history, recording a whole of $133m final thirty day period.
Betting quantity meanwhile rose 24% from December 2020, with sportsbooks profitable $59m in gross revenue, down 11% from December 2020. The complete earnings created $8.9m in point out and neighborhood taxes.
But according to PlayNJ, which tracks gaming developments in the state, such superior quantities could be below risk. New Jersey’s standing as the most significant on the internet athletics betting market place in the place could now be in hazard amid the start of mobile athletics betting in New York previously this month.
“It’s fitting that New Jersey’s sportsbooks ended the calendar year on a close to-history speed, but December could mark the previous billion-greenback month in New Jersey for the foreseeable future,” stated David Danzis, an Analyst for PlayNJ.com. “The state’s sportsbooks have bucked expectations just before, and the operators will make changes to make certain that New Jersey remains among the the best markets in the US.”
For the yr, New Jersey’s retail and on the net sportsbooks generated $10.9bn in wagers, the most of any US state in 2021. That quantity was up by 82% from 2020.
Gross revenue amounted to $815.8m, with $122m generated in condition and community taxes. The figures each represented boosts of 105% from 2020.
“2021 will be remembered as the yr that New Jersey was the unequalled chief of the US industry, even if that position proves to be brief-lived,” reported Eric Ramsey, an Analyst for the PlayUSA.com Network, which includes PlayNJ.com.
“New York will practically absolutely suppose the crown shortly, whilst New Jersey will most likely slip driving Nevada and others in the coming 12 months. Nevertheless, sports betting will continue to be a effective earnings generator for the state.”