$1.2 Billion Bet in December With New Jersey Sportsbooks: Revenues Way Down Though

Written by:
Aaron Goldstein
Published on:
Jan/16/2022

A whopping $1.2 billion was wagered on sports in New Jersey during the month of December.  The books won $59.0 million in the month.

aceperheadsep21.gif

This represented the state's fourth consecutive billion dollar monthly handle.

Revenues, however, dropped significantly in December. Sportsbooks generated $59 million, representing a 4.8% hold compared to November’s record-setting $114.8 million, representing a 9.1% hold.

NJ shattered its own record in 2021 with over $10 billion bet on sports during the year, way up from the $6 billion wagered on sports in 2020.  Of course, it should be noted that sporting events overall in 2020 were limited globally due to the pandemic.

New Jersey became the first state to surpass $1 billion bets in a month in September.

- Aaron Goldstein, Gambling911.com

Gambling News

Why Do iGaming Sites Gamify Themselves?

Why Do iGaming Sites Gamify Themselves?

The world of online gambling has witnessed a significant rise in the gamification trend within iGaming sites in recent years. Gamifying iGaming sites refers to the process of incorporating game-like elements and mechanics into online gambling platforms to enhance the user experience.

Georgia and the SEC Addressing Sports Betting

Georgia's only exposure appears to be, for the moment at least, a Bulldog athlete placing a bet on a fantasy sports app.  That's considered a Level III, also known as a slap on the wrist.

Matt Savage is Becoming the Susan Lucci of Poker

"I’ve been nominated 7 out of the last 8 years (to the Poker Hall of Fame) since the public had a vote. The living members have the final vote but as always I have appreciated the support and honor of being up with the legends of the game."

Syndicate