Published
OnlineCasinoFinancialSports Betting

New Jersey January revenue up 25%; sports betting handle highest yet

Sports betting in New Jersey enjoyed its most active month to date in January, with $385.2m wagered during the first month of 2019.

newjersey

The New Jersey Division of Gaming Enforcement has released its financial report for January, which shows total gaming revenue grew 25% year-on-year to $229.6m.

Of this revenue, $177.3m was generated from casino win – a 9% increase – and internet gaming win grew a substantial 53% to $33.6m.

Sports wagering revenue was $18.8m, which is 10% less than New Jersey’s sports betting revenue in December 2018.

However, sports betting handle was a sizeable $385.2m (the highest monthly figure to date), with $80.3m wagered on-site and $305m bet online.

American football accounted for $7.6m in revenue for completed events and $82m in handle.

Interestingly, though, the handle for basketball was significantly higher ($135.6m) but revenue was just $1.7m.

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Chicken Ranch Casino
The Responsible Gambling Affiliate Association (RGAA)
Catena Media
Gambling Commission
Follow Us
The most prestigious Awards in the industry are heading to the Philippines! The Global Gaming Awards Asia-Pacific will recognise and reward (as the name suggests) the strongest performers from the Asia-Pacific gaming industry across the previous 12 months.
This year's winners will be announced at a luncheon ceremony on Day 2 of SiGMA Asia, 4th June, in Manila.
The eleventh annual Global Gaming Awards Americas will recognize and reward the gaming industry's strongest performers across the previous 12 months. These are the most prestigious and trusted Awards in the industry and have gained respect amongst industry heavyweights, due to the strict rules and procedures put in place.

Facing Facts: Operator Q3s from across the globe

Gambling Insider compares Q3 2023 results from major gamblin...

Taking Stock: Operators and suppliers across the world

Sticking with our theme of gambling across the globe, Gambli...

CEO Special: Jade Entertainment and Gaming CEO Joe Pisano - down to earth

Jade Entertainment and Gaming CEO Joe Pisano speaks to Gambl...

CEO Special: Betfred CEO Joanne Whittaker - saying it as it is

Betfred CEO Joanne Whittaker joins Gambling Insider Editor T...