NJ Online Gambling and Sports Betting End 2020 on a High NotePublished January 26, 2021 by Elana K
New Jersey online gambling revenue totaled $99.45 million in December 2020, while the sports betting handle reached just under $1 billion.
New Jersey ended 2020 on a high note, with online gambling revenue reaching just under $100 million in December alone. According to the New Jersey Division of Gaming Enforcement, the total from all online operators that month came to $99.45 million, an 8.4% increase from November, or 4.9% considering the extra day in December. Compared to December 2019, online gambling revenue more than doubled in December 2020.
The typical pattern of New Jersey online gambling has been that online casinos have seen increasing revenue while online poker has remained stagnant or declined. December is the first month since July that online poker went in an upward direction, bringing in $3.02 million.
In terms of operators, the Golden Nugget remains in first place with nearly $30 million in revenue. Borgata came in second place with $27 million from online gambling and poker. Resorts came in third with $21 million from casino games and poker, while Caesars came in a far fourth with just under $9 million. While Caesars didn’t outperform its competitors, it did see an overall 10.3% increase from last month. Hard Rock, on the other hand, came in fifth with $5.8 million and also showed a decrease of 7.5% from December.
New Jersey Sports Betting
New Jersey sports betting also had a good month in December with $66.4 million in revenue, up from $50.6 million in November. Like the combined online gambling revenue just missed the $100 million mark, New Jersey’s handle came short of the $1 billion mark, bringing in $996 million.
The Meadowlands/FanDuel team remains in first place with $33.2 million, half of the entire market. Resorts/DraftKings came in a far second with $15.4 million, and Borgata/BetMGM came in third with $7.5 million.
The Toll of COVID-19
While New Jersey online gambling and sports betting ended the year on a high note, it still wasn’t enough to make up for the early lost months. Overall gambling in New Jersey decreased by 16.9% in 2020 due to COVID-related restrictions. One thing for certain is that without its mobile betting options, New Jersey gambling would have taken a much bigger hit.