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NJ Online Casinos and Sportsbooks Celebrate a Merry Christmas

January 27, 2019 11:01 am by Ken Edwards

New Jersey’s online casinos and sportsbook operators had reason to celebrate a cheerful Christmas, as they experienced their best holiday season results to date. In a double celebration, after the December online gambling totals were tallied in New Jersey, the state was surpassed the $1 billion mark in lifetime online gaming revenues.

Best Online Casino & Sportsbook Holiday Season Ever

In December 2018, for the third-straight-month, online casinos in New Jersey set an online gaming industry record for overall gross revenue.

While sports books and online casino games will eventually grab most of the spotlight, the growth in online poker in New Jersey is also significant and one of the most encouraging factors to come out of the release of the official New Jersey Division of Gaming Enforcement (NJDGE) figures.

While it is still below the average the market enjoyed for some four years heading into 2018 (significantly, online sportsbooks have picked up most of this slack since their legalization in New Jersey this year), poker in December 2018 accounted for $1,764,562, reflecting a $202,923 upswing from November — the largest month-to-month growth for the calendar year, and that includes the pre-sportsbook legalization numbers.

New Jersey Online Casino Gaming Revenue up 39% in December!

For the record, when reviewing the overall totals, the total online gambling industry of New Jersey;

  • Increased 4.2% from November and a whopping 39.75% from December 2017.
  • For online casino gaming, New Jersey increased 3.9% from November and 44.8% from the previous December.
  • Online poker saw the highest-monthly-jump, increasing by just over 9%. Year-on-year, poker is still down a little at 9 percent, but finishing 2018 on a strong note is compelling. Put most of the downtown to the rise-and-rise of sports betting.
  • Despite a slight December’s overall downturn in sports betting (online and land-based sports betting combined for $319.1 million in wagers, down from November high of $330.7 million), New Jersey’s online sports betting handle continued to climb, although at a slightly slower pace than we have seen in previous months.

In December 2018, Online Players placed $241 million in wagers from online-and-mobile wagering apps.

This is an impressive 75.5% of the total sports betting industry handle, up from 72.1% in November, and rapidly on the up-and-up from $104.9 million in September.

The numbers don’t lie – online gambling is the future of the sports wagering industry in New Jersey, and for that matter, nationwide.

Governors in states currently considering adding legalized sports betting to their suite of gaming products will be sitting up to take notice, and in particular, to potentially including online gaming in any proposed sports betting legalization bills.

New Jersey Celebrates Passing the $1 Billion Mark in Lifetime Online Betting Revenue

New Jersey celebrates passing the $1 billion mark in lifetime online betting revenue

The figures for December 2018 gave the NJ online casino and sportsbook industry a little something extra to fill their stocking. In a very merry Christmas indeed for the state, the $1 billion mark in online-gaming-revenue was passed in New Jersey since legal operations began back in 2013.

Since 2013, the state of New Jersey has brought in to date online gaming revenue of an impressive $1,013,752,368.

Moreover, for the approximate six-and-a-half months that New Jersey sports betting was operational in 2018, it took in $1.25 billion in total wagers, with more than half that figure coming in the last two months of the year alone

This clearly bodes well for the health of the overall NJ gaming industry, which could be driven by as much $4 to 5 billion in sports betting handle annually from as early as 2019, with the new sportsbooks driving growth and increasing levels of brand awareness.

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