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Sportsbooks in New Jersey are still up in December, and online casinos are becoming available

Sportsbooks in New Jersey are still up in December, and online casinos are becoming available

New Jersey's online and retail sportsbooks earned more than $1 billion in wagers for the fourth month in a row, putting the country in danger by the launch of mobile sports betting in New York in January.

"It's fitting that New Jersey's sportsbooks ended the year on a near-record pace, but December might mark the last billion-dollar month in New Jersey for the foreseeable future," said David Danzis, an analyst for PlayNJ.com. "The state's sportsbooks have bucked expectations previously, and the operators will make adjustments to ensure that New Jersey remains among the top markets in the United States."

According to official reports, New Jersey's online and retail sportsbooks made $1.23 billion in wagers in December, down just short of the $1.30 billion in wagers recorded in October.

Sportsbooks set a new high in the United States by winning $114.8 million, with $59.0 million in gross revenues down 11.1% from $66.4 million in December 2020.

In December, football was drawn to $398.8 million in wagers, the largest share of any sport. Basketball was also paid to $384.4 million in wagers.

"Our 17th game added to the NFL schedule, and basketball's continuing popularity helped keep the game brisk throughout the month," Danzis said. "With nearly $4 billion in wagers, the last four months have been a great finish to 2021."

For the year, New Jersey's retail and online sportsbooks were produced:

  • $10.9 billion in online and retail wagers, the most of any U.S. state in 2021. Volume was up 81.8% from 2020.
  • $815.8 million in gross revenue, up 104.7% from 2020.
  • $122.0 million in state and local taxes, up 104.7% from 2020.

"It will be remembered as the year in which New Jersey was the unrivaled leader in the US market, even if that status proves to be short-lived," said Eric Ramsey, an analyst for the PlayUSA.com Network, which includes PlayNJ.com. "New York will almost certainly assume the crown soon, while New Jersey will potentially fall behind Nevada and others in the coming year.

In December, fanDuel/PointsBet/SuperBook topped the online market again with $27.6 million in gross revenue, down from $59.0 million in November.

Meadowlands/FanDuel topped the retail market with $2.4 million in revenue.

Online casinos and poker have set a new record.

New Jersey's online casinos and poker rooms closed in 2021 with a record $133.2 million in revenue, topping the $127.0 million generated in October. Revenue was up 25.3% from $99.5 million in December 2020.

Online casinos in New Jersey have created a generator for the year.

  • $1.4 billion in gross revenue from online casino games and poker rooms, up 40.9% from 2020.
  • $1.3 billion in revenue from online casino games alone, up 43.5% from 2020.
  • $239.2 million in state and local taxes, up 40.9% from 2020.

"The growth of online casinos was perhaps the best surprise of 2021," Ramsey said. "We did not only keep track of the gains made in 2020, but they managed to build on them," Ramsey said.

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 market for regulated online gaming in the United States.

Contact: Zack Hall, Catena Media, 775-338-0745,

SOURCE PlayNJ.com

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