NJ sports wagering handle reaches $4.58bn in 2019

Players wagered a total of $4.58bn (£3.52bn/€4.11bn) in New Jersey over the course of 2019, with operators generating revenue of $299.4m for the year.

The revenue figure represents an increase of 218.4% on the previous year. However New Jersey only opened its regulated market in June 2018, meaning operators were only active for six months of the comparative year.

Player spending on sports betting in the state also rocketed by 1,089.5% from $385.3m during the six-month period in 2018.

Online was by far the most popular form of sports betting in 2019, with players wagering a total of $3.84bn via the internet, compared to $747.4m at retail sites.

Meadowlands and sub-licensees FanDuel and PointsBet was the market leader in 2019, posting revenue of $149.9m for the year. Resorts Digital, which hosts DraftKings and The Stars Group’s Fox Bet joint venture under its licence, ranked second with $79.6m in revenue.

Read the full story on iGB North America.