Despite the fall in sports betting, New Jersey’s gambling revenue grew by 29.1 percent in December.
Despite an 11.1 percent decline in sports betting revenue in December, New Jersey reported a 29.1 percent increase in gambling revenue year over year in the same month in 2017.
December 2021 saw a total market revenue of $404.1 million (£295.4 million/€353.7 million), representing 8.1 percent from the previous month’s $439.6 million revenue figure.
During November, revenue from sports wagering declined from $55.4 million to $59.0 million, a decrease of 48.6 percent from the previous month’s record of $114.8 million.
Even though the state’s handle for November increased 23.5% year over year and fell just short of the record $1.29 billion set in November 2021, player spending on sports betting remained strong.
In third place with $6.9 million, the Borgata finished in third, followed by FanDuel and PointsBet (both in conjunction with Meadowlands) on $12.4 million, and BetMGM partner the Resorts Digital and DraftKings (both in partnership with Meadowlands) on both $6.9 million and $12.4 million, respectively.
In terms of online casino revenue, it was a new monthly high for the state, surpassing the previous monthly high of $127.0 million set in November 2021 for online casino revenue.
The Borgata, Golden Nugget Online Gaming, and Resorts Digital rounded out the top three revenue earners in the state’s igaming business, each bringing in $37.1 million to the table in 2017.
November 2021 casino revenues in the United States increased by 44.0 percent year on year to $211.8 million, and they were up 2.4 percent over the previous month’s figure of $206.9 million. The overall revenue from slot machines was $150.5 million, while the total income from table games was $61.3 million.
The entire market income for the year has reached $4.74 billion, representing a 64.5% rise over the same period in 2020.
While sports wagering increased by 104.7% to $815.6 million, iGaming revenue increased by 40.9 percent to $1.37 billion, and land-based casino revenue increased by 69 percent to $2.55 billion wagered on horse racing increased by 104.7 percent to $815.6 million.
Find Out More About Some Top Welcome Offers in NJ
As a novice, you can expect specific promotions from BetMGM to entice you to give their services a try. MGM’s online casino in New Jersey has enticing promotions, including a free $25 no-deposit bonus that may be used on any casino’s games. You must first sign up for an account to earn this bonus.
It’s one of the most significant casino bonuses in New Jersey for first-time depositors at MGM’s online casino, so don’t miss out!
Bonus money can be used on any game in the MGM online casino. To be eligible for this offer, you must deposit at least $10.
This is how it works: new players earn a $1,000 Casino Bonus on their first deposit. So, players’ bankrolls are effectively doubled, which is a beautiful deal.
Only new Betway customers who open a verified Betway account and make a qualifying deposit of at least $10.00 (“Qualifying Deposit”) are eligible for the Casino Welcome Promotion.
A customer’s bonus is based on their first successful deposit into their new Betway account, with a match up to $1,000 available. In the first seven days after registering a new account, opting-in is highly advised!
If you deposit $100, you’ll receive an additional $100 in Casino Bonuses. Restricted funds of $200 will be available to you at the casino.