The New Jersey Division of Gaming Enforcement has released its latest monthly revenue report showing that the state’s licensed sportsbooks accepted over $1.35 billion in wagers during the month of January setting yet another all-time record.
New Jersey Sportsbooks Set Yet Another All-time Record in January reported accepting over $1 billion in wagers despite concerns that the launch of mobile sports betting in New York would affect local revenues.New Jersey was the first state to top $1 billion in bets in a single month back in September of 2021 and has continued to break that threshold each and every month since. October saw the state set its previous monthly record of $1.3 billion in sports betting handle, a figure that was comfortably beaten in January.
Sportsbooks generated $60.2 million in gross revenue for the month up 2% from the $59 million reported in December. However, despite setting an all-time record, revenue for January dropped by 27% when compared to the same period in 2021. It’s also a significant drop on November’s revenue figure of $114.8 million.
New Jersey Sportsbooks Set Yet Another All-time Record in JanuaryAlthough the Super Bowl was just around the corner, New Jersey gamblers wagered more on the NBA than the NFL. NBA betting for the month came to $553.7 million while betting on the NFL amounted to $340 million.
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.