Topline
Betters in New Jersey paid $ 996.3 million in December, a full-time record for one state in one month, according to data released by the state Gaming Enforcement Department Wednesday, and just north of $ 6 billion in total in 2020, crushing the U.S. record of $ 5.4 billion set by Nevada in 2019.
Close-up of a silver stack on a football.
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Key facts
The December pledge deal, which came in at $ 3.7 million from the $ 1 billion dollar mark, was the fifth month for setting records for New Jersey.
Each of the past five months represents the highest five months in U.S. sports gambling history.
The amount paid by New Jersey sportsbooks in 2020 was 33% higher than the state total in 2019, despite the fact that Covid-19 pandemic plagues casinos closure.
Key background information:
The gameplayer for New Jersey has introduced online betting and enabled state residents to sign up for more mobile sports books from anywhere in the state. Of the $ 996 million paid in December, $ 929.3 million (or 93.2%) was pledged online. According to ESPN, football was the most frequently bet sport, with $ 1.4 billion in earnings in New Jersey in 2020. Basketball, with a total of $ 1.1 billion, ranked second place. At the end of 2020, legal sports books were in operation in 19 states and the District of Columbia.
What to look for:
In his State of the Exchequer speech earlier in the week, New York Gov. Andrew Cuomo legislates to authorize mobile sports in New York. “At a time when New York is facing a historic budget deficit due to the COVID-19 pandemic, the standard online sports wagering structure is encouraging a large proportion of New York residents to travel out of the New York. state to make sportspeople sports online or continue to support black markets. , “Cuomo said. According to a recent study cited by Cuomo, nearly 20% of New Jersey ‘s sports income comes from New York residents.
Quote Cruise:
“A unique set of scenarios, most notably once-a-century pandemics, bet online sports to those unprecedented heights,” said Dustin Gouker, chief analyst for PlayNJ.com, adding added that “the growth of online betting was critical in making up for at least some of the revenue losses at Atlantic City casinos and certainly continuing to sustain the industry all games. “
Large number:
$ 393.2 million. That is the amount of money that New Jersey spies lost in 2020, the highest number of such recorded by any state in a single year.
Further reading:
Cuomo says he will be pushing for mobile sports betting in New York (Forbes)
Sign a $ 6 billion bet with New Jersey sports books in 2020 (ESPN)
Governor Cuomo announces proposal to enable online sports as part of state 2021 (NYS.gov)