New Jersey took in more than $4.5 billion in sports wagers for 2019.
The New Jersey Division of Gaming Enforcement released December’s revenue sports betting figures earlier today.
The monthly handle came in at $557.7 million, which is a tad below the $562.6 million from November.
NJ mobile sports betting continues to dominate the market, accounting for $488.9 million of December’s total handle. It amounts to an eye-opening 88% of total wagers.
Almost 90% of bets online. Stop passing laws where you can only bet in person and laws that create an artificial barrier to betting online. https://t.co/cPkKclCdcm
— Dustin Gouker (@DustinGouker) January 14, 2020
NJ sports betting revenue came in at $29.4 million, and that is a 41.4% year-over-year increase.
FanDuel Sportsbook continues to dominate
FanDuel Sportsbook continues to lead the field of 17 operators. Meadowlands Racetrack (FanDuel’s land-based partner) reported $14.5 million in revenue, more than $12 million of which came via mobile devices. Overall, that is a 59.3% year-over-year increase.
PointsBet NJ accounts for a small portion of that number.
Resorts Digital claimed the No. 2 spot with $9.3 million, the majority of which comes from DraftKings Sportsbook. Fox Bet and Resorts sportsbooks also fall under the license.
The online arm of Resorts Atlantic City also took in $11.9 million from internet gaming revenue. Total gaming revenue came in at $21.2 million, which crushes the land-based number of $11.9 million.
Overall NJ sports betting picture
Here is a breakdown of how the 17 NJ mobile apps and 10 retail sportsbooks fared by license holders.
|Property (Online)||Online Revenue||Retail Revenue||December Total|
|Bally's (Caesars, 888)||$64,759||$108,437||$173,196|
|Borgata (BetMGM, Borgata Sports)||$995,096||$1,277,103||$2,272,199|
|Golden Nugget (BetAmerica, GN Online)||$66,306||$102,524||$168,830|
|Hard Rock (Hard Rock online, Bet365 NJ, Unibet)||($294,442)||($51,182)||($345,624)|
|Meadowlands (FanDuel, PointsBet)||$12,089,277||$2,425,216||$14,514,493|
|Monmouth (William Hill, SugarHouse, TheScore Bet)||$1,939,962||$617,410||$2,557,372|
|Ocean Resort (William Hill)||$1,230,059||($67,260)||$1,162,799|
|Resorts (DraftKings, Fox Bet, Resorts Online)||$9,331,085||($406,493)||$8,924,592|
|Tropicana (William Hill)||$71,715||$32,958||$104,673|
Borgata makes a December leap
Borgata remains the dominating force of the Atlantic City casino industry. The property earned $64.7 million in total gaming revenue for the month.
But the bigger story for the MGM-owned property is the huge 1258.6% increase it saw in NJ sports betting revenue for the month. The $2.27 million makes the $167,241 from the previous December look like pocket change.
Ironically, the retail number ($1.27 million) slightly topped mobile ($995,096).
NJ sports betting in 2020
It seems likely this hot streak will continue at least through the first quarter of the new year.
January includes college football’s national championship game and NFL playoffs.
Additionally, Super Bowl Sunday is right around the corner on Feb. 2. The two teams will be determined this weekend.
Then it’s time to get ready for March Madness betting.
Who knows, a $600 million month could be on the horizon.