New Jersey Sports Betting Boosted in January by Football Playoffs, According to PlayNJ.com AnalystsCat:未分類
ATLANTIC CITY, N.J., Feb. 13, 2019 /PRNewswire/ — New Jersey sportsbooks raked in almost $400 million in bets in January as the nation’s bettors took good advantage of their first opportunity to wager legally about the NFL Playoffs. January’s album $385.3 million handle, which netted $18.8 million in revenue, was up from the $319.2 million New Jersey’s online and retail sportsbooks collected in December.
“January has historically been regarded as a part of this offseason at Atlantic City, but the crowds in the city’s sportsbooks on NFL Sundays suggest differently,” explained Steve Ruddock, analyst for PlayNJ.com. “In addition to generating jobs and a new revenue stream for your state, sports betting is helping transform Atlantic City into a yearlong destination”
New Jersey’s online sportsbooks accounted for $304.97 million, or 79 percent, of total bets in January. The remaining 21 percent was made up by sportsbooks. That compares to 76 percent of total bets flowing through sportsbooks at December.
New Jersey sports gambling revenue, or the”win,” was down 9.9 percent from $20.8 million in December. January’s results followed a slightly underwhelming Super Bowl performance, that ended with a $4.5 million loss for New Jersey’s sportsbooks on a handle only short of $35 million.
“Super Bowl betting didn’t really reach expectations, but there were definitely some advantages,” said Dustin Gouker, lead sports betting analyst for PlayNJ.com. “The NFL Playoffs generated significant action in January, and anecdotal evidence indicates visitation to Atlantic City for the weekend of the Super Bowl was far up. All in all, it was a successful first season of the NFL for New Jersey’s sportsbooks.”
DraftKings Sportsbook — which works under the Resorts license — fueled Resorts’ $6.9 million in January online gross earnings, up from $6.7 million in December. Resorts accounted for 48% of the state win for the month. FanDuel Sportsbook/Pointsbet was just behind with $5.9 million.
FanDuel Sportsbook in The Meadowlands stays the dominant retail sportsbook, gaining $1.2 million in January gross revenue, down from $3.6 million in December. FanDuel — that represents 36% of New Jersey’s retail win in January — has been followed in gross earnings by Monmouth Park’s $830,792.
“The struggle for market share, particularly in the online market, will be interesting as the year ends,” Gouker said. “FanDuel has gained on DraftKings in the internet sector. But through the entire NFL season, the bigger online brands have yet to make a substantial challenge to both dominant forces in the marketplace.”
LEGAL ONLINE CASINOS
Legal online casinos generated a record $33.6 million in January — up from $29 million in December — and $5.9 million in tax revenue. New Jersey’s internet casino and poker sector could generate $400 million in earnings in 2019, based on PlayNJ.com.
“New Jersey’s internet gaming industry grew almost 22 percent in 2018 and has increased 50 percent since 2016, and that growth will continue,” said Ruddock, lead online gaming analyst for PlayNJ.com. “There are a few concrete reasons why. Two new casinos started in 2018 with online gaming, Atlantic City’s revitalization efforts continue to pay off, the prevalence of live dealer games which have added to an already robust portfolio of online casino games, and the legalization and launching of New Jersey sports betting.”
For more, visit PlayNJ.com/information.
Concerning The PlayUSA.com Network:
The PlayUSA.com Network and its own state-focused branches (like PlayNJ.com and PlayPennsylvania.com) is a major source for information, analysis, and research related to the market for controlled online gambling in the U.S.
Zack Hall, DVA Advertising & PR 541-389-2411
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