New Jersey Sports Betting and Online Gambling Hit $1 Billion Milestones

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Mar 21, 2018
New Jersey surpassed more than $1 billion in sports bets for the year and crossed the $1 billion mark in lifetime gross revenue generated by legal online sports gambling during a strong December.
  • New Jersey’s online and retail sportsbooks collected $319.2 million in bets in December, down 3.5 percent from $330.7 million in November.
  • The state’s sportsbooks have collected $1.25 billion in bets since June.
  • Revenue from sports betting hit $20.8 million in December, down from $21.2 million in November.
  • New Jersey’s online sportsbooks accounted for $241.05 million, or 76 percent, of bets in December.
New Jersey’s online casino and poker industry generated $29 million in December, up from $26.9 million in November, to push the industry to $1.02 billion in revenue since launch in 2013.

Online gambling generated a record $298.7 million in 2018, up from $245.6 million tallied in 2017. The revenue has been crucial, too, injecting $178.7 million into government coffers since launch and $52.3 million in 2018 alone.