New Jersey sports betting market continues to grow

Turning to sports betting, more records fell in January. For the month, sports betting revenue rose 136.1% to $170.8 million from $72.3 million. 토토

This was driven by the player's record spending. Total handling in January was $1.72 billion, up 5.3% from last year. Online betting spending reached $1.67 billion, while retail was $47.4 million.

Meadowlands and partners FanDuel, PointsBet, and SuperBook maintain their lead with $113 million in revenue. DraftKings and Resorts World followed with $40.3 million and Borgata and BetMGM with $8.0 million.

Can New Jersey set a new record in 2024?

The January results put New Jersey in a strong position to break its annual record in 2024. Over the past year, New Jersey has hit record highs in several areas, including $5.78 billion in total revenue.

Imaging revenue here was $1.92 billion, a new record 15.7% increase from 2022. For sports betting, revenue also hit a new annual high of $1.01 billion, up 31.9% from 2022, and topped $1 billion for the first time in the state.