Finance

NJ smashes sports betting and igaming revenue records in January

| By Robert Fletcher
New Jersey set a new sports betting revenue record in January, while the state also became the first in the US to see monthly online casino revenue surpass $100m.

Figures published by the New Jersey Division of Gaming Enforcement (NJDGE) show that total gaming revenue for the month stood at $346.4m (£249.0m/€287.1m), which was 15.3% more than January last year and also 10.7% higher than December 2020.

Sports betting revenue reached a record high of $82.6m, which was 54.3% up from $53.6m in January of last year, and also 24.4% higher than the previous record of $66.4m set in December 2020.

Players wagered $948.7m on sports in January, down from the record $996.3m spent in December last year, with $886.7m bet online and $72.1m in person at retail sportsbooks.

FanDuel and PointsBet at Meadowlands retained top spot in the state’s sports betting market, posting $46.8m in revenue for the month, up 76.6% year-on-year.

Read the full story on iGB North America.

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