2019: A Great Year for NJ Online Gambling and Sports BettingPublished January 23, 2020 by Elana K
New Jersey’s online casinos and poker sites garnered nearly $50 million in December, the sixth month in a row to hit a new record. NJ sports betting raked in nearly $30 million, bringing December’s total gambling revenue to nearly $80 million.
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.
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.
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.