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 Sportsbooks Set Yet Another All-time Record in January, 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.
Mobile sportsbooks accepted $1.2 billion in wagers accounting for almost 90% of all betting activity. Meanwhile, retail sportsbook took in $139.2 million during the month.
New Jersey Sportsbooks Set Yet Another All-time Record in January
Jenny Tang
New Jersey Sportsbooks Set Yet Another All-time Record in January