New Jersey had a tremendous 2018 in terms of the amount of money that was legally wagered within its borders. In December, New Jersey sportsbooks brought in a total handle of $319 million. While it was down from the $330 million in November, that was to be expected as December has traditionally been a slower month in the longer regulated Nevada marker.
In roughly six-and-a-half months of providing any form of legalized, regulated sports betting in New Jersey (and through December), sportsbooks in New Jersey have processed $1.24 billion in sports wagers.
Online wagers continue to grossly outpace those placed at land-based casinos. In December, 75% of the sports bets placed in New Jersey were done through online means. That number seems to keep going up and is something other states should be focusing on as they craft their respective regulations. In November, 72% of the wagers placed from through online sportsbooks.
Impressively, sports betting operators have generated $94 billion (the hold) from June 14 through December 31 in New Jersey. Quite a nice source of revenue for private operators and, in turn, the State of New Jersey, which is taxing same.
Mainline.gg is an esports tournament software company based in Houston, Texas. Mainline helps usher companies, brands, and game titles within…
Jake Reynolds was with 15 colleagues on April 9, 2019, watching the National Hockey League Draft Lottery in anticipation of…
Rudy Gobert is now an esports investor. The 2-time NBA Defensive Player of the Year invested in ReKTGlobal, the parent…
If you stumble upon Chris Chaney's LinkedIn page, you will need to click the "show more experiences" list quite a…
Earlier this year, esports analytics provider Newzoo predicted that the global esports economy will top $1 billion for the first…
It feels as though there is more talk than ever by and among professional athletes about how they can prepare…
View Comments