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New Jersey’s online gambling and sports betting industries ended the year on a high note. According to the New Jersey Division of Gaming Enforcement, New Jersey’s online casinos and poker sites garnered nearly $50 million in December. That marks the sixth month in a row that the total profits reached a new record. NJ sports betting raked in nearly $30 million, bringing December’s total gambling revenue to nearly $80 million.
Online Gambling Breakdown
As usual, online casinos brought in the lion’s share of revenue, to the tune of some $47.5 million. Online poker earned $1.7 million, which may not seem like a lot in comparison to online casinos, however, it is actually a 16% increase from the revenue of November.
The Golden Nugget was number one again with $17.3 million in revenue. The only break in pattern was that its earnings were slightly less than November. - this is the first time in a few months that its revenue has gone down. Resorts came in second with a little help from DraftKings Casino, earning nearly $11.95 million, and Borgata came in third with $9.2 million.
Sports Betting
In New Jersey, both land-based and mobile sports betting are allowed, but sports betting makes up a significant portion of the total revenue. In December, mobile sports betting accounted for $25.5 million of a total $29.4 million in sports betting. Needless, to say, if not for mobile betting, New Jersey's sports betting revenue wouldn't be where it is today.
Year-Long Review
In 2019, online gambling and poker generated more than $700 million in revenue, whils sports betting vendors took in over $4.58 billion in bets and generated more than $40 million in taxes. All in all, a good year for New Jersey.
