The New Jersey Division of Gaming Enforcement reported total gambling revenue of $454.8 million for December 2022, up 13% from the reported $404.1 million compared to the same month a year ago. Total revenue for the year-to-date totaled $5.21 billion, up 10% from the $4.74 billion reported for 2021.
The number generated by casinos in December 2022 was $215.6 million, an increase of 2%. Additionally, year-to-date gaming properties totaled $2.79 billion, reflecting 9% year-over-year growth.
Online gaming revenue, meanwhile, grew 14% year-over-year to $151.5 million. The vertical also saw year-to-date growth, rising 22% year-over-year to $1.66 billion. Sports betting revenue from casinos, racetracks and their partners increased 49% to $87.7 million. However, it’s down 7% year-to-date to $763 million.
Meadowlands – home to FanDuel, PointsBet and Flutter’s Superbook – led in revenue share of the sports betting market at 50.4%, with Resorts Digital – home to DraftKings and Flutter’s Fox Bet, following at 25% .
New Jersey opens up more and more room for the growth of the betting industry
Last month, the New Jersey Division of Gaming Enforcement reported that November 2022 saw total gaming revenue in the state reach $441.1 million. This marked a slight increase of 0.3% when compared to the $439.6 million reported for the same period in 2021.
The state has seen many launches in late 2022, with PlayStar launching an iGaming casino app and BetMGM agreeing a deal with Play’n Go in New Jersey in October.
