New Jersey Sports Betting Numbers Continue to Climb, Even as New York Goes Live
It was fair to wonder what impact New York launching online sports betting sites would have on New Jersey’s overall handle figures. So far, not much.
Sports betting in New Jersey continued to eclipse the $1 billion mark in January, setting a new monthly handle record of $1.34 billion, an increase of 9.7% from December’s $1.2 billion and 40.7% higher than January 2021’s $958.7 million.
The previous record was $1.3 billion in October 2021.
Mobile betting made up $1.2 billion of the overall handle for a new monthly online handle record, an increase of 9% from December’s $1.1 billion and 36.4% more than January 202’s $886.7 million. The old record of $1.17 billion also came in October 2021.
New Jersey’s January sports betting revenue came to $60.2 million, up 1.9% from December’s $59 million and was 10.3% more than January 2021’s $346.2 million.
New Jersey Sports Betting, January vs. December
| Total handle | Mobile handle | Revenue | |
|---|---|---|---|
| January | $1.349B | $1.210B | $60.196M |
| December | $1.230B | $1.110B | $59.048M |
| Change | Up 9.7% | Up 9.0% | Up 1.9% |
New Jersey iGaming Numbers Impressive
New Jersey’s January total gaming revenue was $381.7 million, down 5.5% from December’s $404.1 million and was 10.3% higher than January 2021’s $346.2 million.
The state’s internet gaming win for the month was $137.8 million, an increase of 3.5% from December’s $133.2 million and 32.8% higher than January 2021’s $103.8 million.
Resorts Digital Gaming Bringing Major Global Sports Betting Company to NJ
On Tuesday, Resorts Digital Gaming (RDG) announced it is in advanced talks with a major global sports betting company that will allow it to operate under the RDG online sports betting license in New Jersey. According to RDG, a deal will be signed imminently, and the new brand will join Fox Bet and DraftKings as skins under the RDG mobile sports wagering license.
"I can't wait to announce this exciting deal once it is finalized – it really will give RDG the most diverse stable of sports betting brands in the NJ market," Ed Andrewes, CEO of RDG, said in a media release. "This will also free up our third sports betting skin, allowing us to focus all our energy on our core casino customers," said Andrewes.
As a result of the deal, RDG will not offer sports wagering on its Resorts Casino website. All existing unsettled bets will stand and customers will be able to withdraw funds at any time. Players can continue to use Resort’s online slots, table games and live dealer products.
The launch of the new brand will be subject to approval from the New Jersey Division of Gaming Enforcement.
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