The total of New Jersey’s sports betting market revenue is approximated at around $127.5 million. Placed bets for the year to date period amount to nearly $2.2 billion, $1.8mof which came in through online sources. Overall, the state’s revenue for July saw a 10.7% spike in comparison to 2018 at $334.3 million. Legalized sports gambling in New Jersey was a booming business for casinos and racetracks, as well as the state government in 2018. According to the New Jersey Division of Gaming Enforcement, $1.24 million was wagered in the state last year, generating between $5.26-$8.06 million in tax revenue for the Garden State. (Note: Tax revenue based on 8.5% tax rate for bets placed in-person at licensed racetracks and Atlantic City casinos and 13% for online and mobile wagers.) It easily surpassed the $803 million that New Jersey gamblers bet on sports in October. Atlantic City’s casinos, the three horse tracks that offer sports betting, and the state’s robust internet gambling industry saw nearly $289 million in revenue in November, a figure that does not include money bet on horses. The New Jersey Division of Gaming Enforcement (NJDGE) has reported an 8.9% year-on-year increase revenue for December, as players wagered almost $1.0bn on sports during the month. Total revenue for the month amounted to $312.9m, up from $287.3m in the same month in 2019. Every month the Division of Gaming Enforcement in New Jersey releases the previous month’s legal online gambling revenue for each company. There are a number of New Jersey casinos that operate multiple online brands, we list each site next to their parent company. For sports betting revenue and handle, visit the NJ sports betting revenue page. For land-based casino revenue, visit the ... The first number is a record, while the second fell short of the state’s revenue record of $58.5 million set last month. On the ledger’s online casino and poker side, New Jersey operators broke the $90 million mark for the second consecutive month. Still, the $91.8 million revenue haul was just shy of last month’s $93.5 million record. A surge in online gambling helped lift New Jersey tax collections in an otherwise terrible year for the casino industry, bringing some relief to the state during a budget crunch.
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