..

$1.2 Billion Bet in December With New Jersey Sportsbooks: Revenues Way Down Though

Written by:
Aaron Goldstein
Published on:
Jan/16/2022

A whopping $1.2 billion was wagered on sports in New Jersey during the month of December.  The books won $59.0 million in the month.

aceperheadsep21.gif

This represented the state's fourth consecutive billion dollar monthly handle.

Revenues, however, dropped significantly in December. Sportsbooks generated $59 million, representing a 4.8% hold compared to November’s record-setting $114.8 million, representing a 9.1% hold.

NJ shattered its own record in 2021 with over $10 billion bet on sports during the year, way up from the $6 billion wagered on sports in 2020.  Of course, it should be noted that sporting events overall in 2020 were limited globally due to the pandemic.

New Jersey became the first state to surpass $1 billion bets in a month in September.

- Aaron Goldstein, Gambling911.com

Gambling News

Warriors-Mavs Game 3 May 22 Betting Preview

Warriors-Mavs Game 3 May 22 Betting Preview

Game 3 of the Warriors-Mavericks game had Dallas as a -3 home favorite after opening at -2.

Cardinals vs. Pirates May 22 Game Another Good Bet for St. Louis?

Cardinals vs. Pirates May 22 Game Another Good Bet for St. Louis?

The Cardinals-Pirates game is an early one, starting at 11:25 am ET.  St. Louis continues its hot streak against Pittsburgh and comes into this one at somewhat of a decent price (as low as -154 at some books).

Sports Betting, Events Odds and Previews: EPL and Serie A Titles to Be Decided Today - Here Are Your Odds

Championship races in the Premier League and Serie A will be decided on Sunday, as soccer's top tier conclude their seasons.

How To Become One of The Best Sports Bookies

How To Become One of The Best Sports Bookies

Want to become a bookie? Here’s everything you need to know to ace your bookmaking game as told by expert bookies.

6 Betting Strategies

Are you planning to become a bookie soon? Then other than acing your bookmaking game, you need to understand the strategies bettors use. Here's a guide for you.

Syndicate