New Jersey sportsbooks report fourth consecutive month of over 1bn in wagers

New Jersey’s online and retail sportsbooks handled $1

New Jersey’s online and retail sportsbooks handled $1.23bn in wagers inward Dec 2021, the fourth consecutive month the land has attracted over $1bn inwards wagers.

The add felled seam just shortsighted of October’s book of $1.30bn, but online casinos did manage to wear out their revenue record, recording a sum of $133m last-place month.

Betting volume meantime rosaceous 24% from Dec 2020, with sportsbooks winning $59m inwards receipts revenue, pile 11% from December 2020. The tote up revenue generated $8.9m in country and local taxes.

But according to PlayNJ, which tracks gaming developments inward the state, such luxuriously numbers could live under threat. New Jersey’s status as the largest online sports betting securities industry inward the country could at present be in danger amid the launch of roving sports betting in New House of York earliest this month.

“It’s trying on that New Jersey’s sportsbooks ended the yr on a near-record pace, but Dec could German mark the lastly billion-dollar month inward New Jersey for the foreseeable future,” said David Danzis, an Analyst for PlayNJ.com. “The state’s sportsbooks make bucked expectations before, and the operators will pass water adjustments to ensure that New Jersey remains among the upside markets inwards the US.”

For the year, New Jersey’s retail and online sportsbooks produced $10.9bn in wagers, the most of any US state in 2021. That intensity was upwardly by 82% from 2020.

Gross revenue amounted to $815.8m, with $122m produced inwards commonwealth and local taxes. The figures both represented increases of 105% from 2020.

“2021 testament live remembered as the twelvemonth that New island of Jersey was the unrivaled leader of the US market, regular if that position proves to be short-lived,” said Eric Ramsey, an Analyst for the PlayUSA.com Network, which includes PlayNJ.com.

“New House of York will almost certainly take the crest soon, while New Jersey testament potentially eluding behind Silver State and others inward the coming year. Still, sports betting will remain a powerful revenue generator for the state.”