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Gambling and Sports Betting News January 14, 2020: NJ Sports Betting Handle Reaches $4.58bn in 2019

Written by:

Mary Montgomery

Published on:

Jan/15/2020

Here are today's headlines in the world of gambling and sports betting as they happen - Wednesday January 13, 2020.

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New Jersey Sports Handle Hits $4.58bn in 2019

Players wagered a total of $4.58bn (£3.52bn/€4.11bn) in New Jersey over the course of 2019, with operators generating revenue of $299.4m for the year.

The revenue figure represents an increase of 218.4% on the previous year. However New Jersey only opened its regulated market in June 2018, meaning operators were only active for six months of the comparative year.

Player spending on sports betting in the state also rocketed by 1,089.5% from $385.3m during the six-month period in 2018.

Online was by far the most popular form of sports betting in 2019, with players wagering a total of $3.84bn via the internet, compared to $747.4m at retail sites.

Source: iGaming Business

- Chris Costigan, Gambling911.com Publisher

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