New Jersey Sports Betting Handle in December Again Goes Over $1 Billion
New Jersey sports betting wrapped up the 2021 year with another impressive handle. The state took in $1.23 billion in bets, down 2.38% from November’s $1.26 billion but was 23% higher than December 2020’s $996.3 million.
Mobile sports betting accounted for $1.11 billion of the handle, a decrease of 2.6% from November’s $1.14 billion and 19.4% more than December 2020’s $929.3 million. Online betting represented 90.2% of the sports betting market in December.
December’s sports betting revenue was $59 million, down 48.6% from November’s $114.8 million and a decrease of 11.1% from December 2020’s $66.4 million.
New Jersey Gaming
New Jersey’s total gaming revenue was $404.1 million, a decline of 8% from November’s $439.6 million and 29.1% higher than December 2020’s $312.9 million.
December’s internet gaming win was $133.2 million, 12.9% more than November’s $118 million and 33.9% higher than December 2020’s $99.5 million.
New Jersey Sports Betting’s Big 2021
New Jersey easily topped last year’s sports betting handle record of $6 billion by wagering $10.93 billion in 2021. The state saw monthly handles eclipse $1 billion over the last four months. Total, sportsbooks took in $815.7 million in revenue.
New Jersey Sports Betting, December vs. November
| Total handle | Mobile handle | Revenue | |
|---|---|---|---|
| December | $1.23B | $1.11B | $59.0M |
| November | $1.26B | $1.14B | $114.8M |
| Change | Down 2.38% | Down 2.6% | Down 48.6% |
New Jersey Sports Betting, December 2021 vs December 2020
| Total handle | Mobile handle | Revenue | |
|---|---|---|---|
| December 2021 | $1.23B | $1.11B | $59.0M |
| December 2020 | $996.301M | $929.3M | $66.387M |
| Change | Up 23% | Up 19.4% | Down 11.1% |
New York Impact?
New Jersey had previously benefited from New York online sports betting market not yet being launched. Bettors from New York could travel across the border to place their bets and boost New Jersey’s annual sports betting handle.
That could be changing with New York officially going live with online sports betting on Jan. 8 when four of the nine approved sportsbooks began accepting bets. It remains to be seen what kind of impact New York’s market will have on New Jersey going forward.
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