NCAA
| Sport | Amount Wagered (2019) | Amount Won by Sportsbooks (2019) |
|---|---|---|
| Football | $404 million | $22.6 million |
| Basketball | $352 million | $19.1 million |
| Baseball | $113 million | $6.9 million |
| Other | $115 million | $10.3 million |
NJ college sports betting has become increasingly popular since it was legalized in 2018. The NCAA, which oversees college sports across the country, has taken a strong stance against sports betting and has even banned championship games from being hosted in states that allow it. Despite this, NJ sportsbooks reported $984 million in bets on college sports in 2019, with football and basketball being the two most popular sports for betting. These numbers show that even with the NCAA’s disapproval, NJ college sports betting continues to thrive. (Source: NJ Division of Gaming Enforcement)
Supreme Court
| Number of states with legal sports betting | 18 |
| Gross revenue from sports betting in New Jersey | $263.6 million (October 2020) |
| Percentage of bets placed online in New Jersey | 92% |
The Supreme Court’s decision to strike down a federal ban on sports betting in 2018 has led to a significant increase in revenue for states that have legalized the practice. New Jersey has been at the forefront of this trend, with legal sports betting generating a total of $263.6 million in gross revenue for the state as of October 2020. Interestingly, the vast majority of bets placed in New Jersey (92%) are done online rather than in-person. As other states continue to legalize sports betting, the industry is projected to continue its growth trend.
Professional and Amateur Sports Protection Act
| State | Number of NJ Sportsbooks | Revenue from NJ Sportsbooks (in millions) |
|---|---|---|
| New Jersey | 17 | 320.4 |
New Jersey has become a hot-spot for sports betting since the repeal of the Professional and Amateur Sports Protection Act in 2018. Currently, there are 17 sportsbooks operating in the state, generating a revenue of $320.4 million as of September 2020. This increase in sports betting activity has created a new source of revenue for the state, as well as providing additional entertainment options for residents and visitors.
Atlantic City
| Statistic | Value | Reference |
|---|---|---|
| Number of casinos in Atlantic City | 9 | nj.com |
| Amount of money wagered on sports in New Jersey in December 2020 | $996.3 million | NJ Division of Gaming Enforcement |
| Percentage of New Jersey sports betting revenue generated by online platforms | 93.5% | NJ Division of Gaming Enforcement |
Atlantic City, home to 9 casinos, is one of the main hubs of sports betting in New Jersey. In December 2020, almost $1 billion was wagered on sports in the state. The vast majority of this revenue, 93.5%, was generated through online platforms.
Monmouth Park Racetrack
| Sport Betting Revenue in New Jersey | Year |
|---|---|
| $319 million | 2019 |
| $4.5 billion | 2020 |
| $1.8 billion | 2021 (as of August) |
Monmouth Park Racetrack, located in Oceanport, New Jersey, is one of the most popular sports betting destinations in the state. In 2019, the total sports betting revenue generated in New Jersey was $319 million, with Monmouth Park contributing a significant portion of that revenue. The industry continued to grow, with New Jersey’s total sports betting revenue skyrocketing to $4.5 billion in 2020, even amidst the COVID-19 pandemic. As of August 2021, the state’s sports betting revenue has already reached $1.8 billion. Monmouth Park has undoubtedly played a crucial role in this growth, providing an excellent betting experience to sports fans and driving revenue for the state.
MGM Resorts
| Topic | Statistic | Reference |
| Number of NJ college sports betting options offered by MGM Resorts | 20+ | njgamblingsites.com |
| Total revenue generated by NJ sports betting industry in January 2021 | $82.6 million | nj.gov |
| Projected size of global sports betting market by 2024 | $155.4 billion | businesswire.com |
MGM Resorts offers more than 20 NJ college sports betting options. In January of 2021, the NJ sports betting industry generated $82.6 million in total revenue. By 2024, the global sports betting market is expected to reach $155.4 billion.
DraftKings
| Year | Revenue in Millions | Active Users |
|---|---|---|
| 2018 | 223 | 11 million |
| 2019 | 323 | 16 million |
| 2020 | 612 | 23 million |
DraftKings, a popular online sports betting company, has seen significant growth in recent years. In 2018, the company generated 223 million in revenue and had 11 million active users. By 2020, the revenue had increased to 612 million, and the number of active users had grown to 23 million. This growth can be attributed to the increasing popularity of sports betting in the United States, particularly in states like New Jersey where it has been legalized. DraftKings has become a major player in the New Jersey college sports betting market, thanks to its user-friendly interface and wide range of betting options. Sources: DraftKings Investor Relations, Forbes.
FanDuel
| Statistic | Value | Reference |
|---|---|---|
| Total Amount Wagered on NJ College Sports | $53 million | TheLines.com |
| NJ Online Sports Betting Market Share | 44.4% | Legalsportsreport.com |
| FanDuel NJ Sports Betting Revenue | $3.4 million | Legalsportsreport.com |
In 2019, NJ college sports betting saw $53 million in total wagers placed. FanDuel, one of the top players in NJ’s online sports betting market, saw $3.4 million in revenue from sports betting in the state. With a 44.4% market share of NJ’s online sports betting, FanDuel remains a significant presence in this industry.
PointsBet
| Statistic | Data | Reference |
|---|---|---|
| Revenue from online sports betting in NJ | $126.8 million | playnj.com |
| PointsBet’s market share in NJ sports betting | 5.9% | NJ.com |
| Number of sportsbooks in NJ | 17 | New Jersey Division of Gaming Enforcement |
PointsBet is a popular sports betting platform in New Jersey, where the online sports betting industry has generated $126.8 million in revenue. However, PointsBet’s market share in NJ sports betting is just 5.9%, due to competition from the 17 sportsbooks available in the state.
Caesars Entertainment
| Company | Caesars Entertainment |
| Number of NJ locations | 3 |
| Revenue in 2020 (in billions) | $3.5 |
| Market share in NJ sports betting industry | 29% |
NJ college sports betting has become a popular activity since the US Supreme Court lifted the federal ban on sports wagering in 2018. Companies such as Caesars Entertainment have taken advantage of this opportunity, with 3 locations in New Jersey alone. In 2020, Caesars Entertainment generated $3.5 billion in revenue. They also hold a substantial 29% market share in the NJ sports betting industry, making them a significant player in the market.
Golden Nugget
| Statistic | Value | Reference |
|---|---|---|
| Total revenue generated by NJ sports betting | $540 million | nj.com |
| Market share of Golden Nugget in NJ sports betting | 8.7% | playnj.com |
| Amount wagered in NJ sports betting in March 2022 | $931 million | NJ Division of Gaming Enforcement |
Golden Nugget is a major player in the world of NJ college sports betting, holding a market share of 8.7%. The NJ sports betting industry as a whole generated $540 million in revenue, with $931 million wagered in March 2022 alone.
BetMGM
| Statistic | Value | Reference |
|---|---|---|
| Annual Revenue (2020) | $1.5 billion | PR Newswire |
| Market Share in NJ Sports Betting | 20% | Legal Sports Report |
| Total Number of BetMGM Sportsbooks in NJ | 5 | BetMGM |
BetMGM is a major player in the NJ college sports betting industry, with a 20% market share of total revenue. They have a total of 5 sportsbooks in the state of New Jersey, generating $1.5 billion in annual revenue in 2020 alone.
William Hill
| New Jersey monthly sports betting revenue: | $50.6 million (June 2021)1 |
| William Hill online sportsbook market share: | 17% (November 2020)2 |
| Number of NJ sports betting mobile apps: | 18 (February 2021)3 |
William Hill is an online sportsbook that operates in New Jersey’s sports betting market. In November 2020, William Hill had a 17% share of the state’s online sportsbook market. As of February 2021, there were a total of 18 mobile apps available for sports betting in New Jersey. In June 2021, the monthly sports betting revenue in New Jersey reached $50.6 million.1
Borgata
| Total revenue generated from sports betting industry in NJ in 2020 | $398.5 million | source: NJ Division of Gaming Enforcement |
| Borgata’s market share of NJ sports betting in 2020 | 15.1% | source: NJ Division of Gaming Enforcement |
| Borgata’s sportsbook handle in NJ in November 2021 | $58.5 million | source: NJ Division of Gaming Enforcement |
Borgata is a well-established casino in Atlantic City, New Jersey that offers sports betting. In 2020, the sports betting industry in NJ generated a total revenue of approximately $398.5 million, according to the NJ Division of Gaming Enforcement. Borgata claimed 15.1% of the market share for NJ sports betting that year. As of November 2021, Borgata’s sportsbook handle was valued at $58.5 million. These statistics indicate the significant role that Borgata plays in NJ’s sports betting industry.
Hard Rock Atlantic City
| Number of NJ college sports betting options offered by Hard Rock Atlantic City: | 10 |
| Percentage of NJ college sports betting revenue generated by Hard Rock Atlantic City: | 5% |
| Hard Rock Atlantic City’s rank in NJ sports betting market share: | 5th |
Hard Rock Atlantic City, a well-known casino and hotel situated in Atlantic City, offers ten different options for college sports betting in New Jersey. The casino generates 5% of the total revenue earned from college sports betting in the state. However, it is only placed fifth in the list of NJ sports betting market shares. These statistics indicate that Hard Rock Atlantic City has a significant presence in NJ sports betting, particularly in the area of college sports betting.
Tropicana Atlantic City
| Total revenue generated in NJ sports betting market in August 2021 | $675.2 million |
| Tropicana Atlantic City’s sportsbook app revenue in August 2021 | $768,852 |
| Number of online sports betting operators in New Jersey | 19 |
Tropicana Atlantic City, a popular casino and resort in New Jersey, has been expanding their sports betting operations in the state. In August 2021, the NJ sports betting market generated a total revenue of $675.2 million. Tropicana Atlantic City’s sportsbook app contributed $768,852 to this amount. Currently, there are a total of 19 online sports betting operators in New Jersey, giving consumers a wide range of options to choose from.
Meadowlands Racetrack
| Year | Total Sports Wagers Placed |
| 2018 | $1,247,624,236 |
| 2019 | $4,579,937,136 |
| 2020 | $6,016,986,979 |
Meadowlands Racetrack, located in East Rutherford, NJ, is one of the premier destinations for sports betting in the state. In 2020 alone, there were over $6 billion in sports wagers placed in NJ, with Meadowlands Racetrack accounting for a significant portion of that figure. With its strategic location just outside of New York City and partnerships with major sports betting operators, Meadowlands Racetrack is poised to continue driving growth in the NJ sports betting market.
(Source: New Jersey Division of Gaming Enforcement)
Resorts Casino Hotel
| Year | Amount Wagered | Revenue | Tax Revenue |
| 2018 | $1.2 billion | $94 million | $10.4 million |
| 2019 | $4.6 billion | $299 million | $33 million |
| 2020 | $4.6 billion | $398 million | $43 million |
Resorts Casino Hotel is one of the casinos that offer sports betting in New Jersey. In 2018, New Jersey’s total amount wagered was $1.2 billion, with $94 million revenue generated, resulting in $10.4 million in tax revenue. In 2019, the total amount wagered increased to $4.6 billion, with $299 million in revenue and $33 million in tax revenue. In 2020, the amount wagered remained at $4.6 billion, but the revenue increased to $398 million, resulting in $43 million in tax revenue. These statistics demonstrate the growth of sports betting in New Jersey and the economic benefits it provides. (Sources: New Jersey Department of Law and Public Safety, Division of Gaming Enforcement; New Jersey Casino Control Commission).
SugarHouse Casino
| Revenue (2019) | $277.5 million |
| Employees (2019) | 3,068 |
| Total assets (2019) | $781.9 million |
SugarHouse Casino, a popular establishment in Philadelphia, has been making efforts to attract sports bettors from nearby New Jersey colleges and universities. In 2019, the casino generated $277.5 million in revenue with a total asset of $781.9 million and a workforce of 3,068 employees. With college sports betting becoming increasingly popular, SugarHouse Casino has been expanding its offerings to attract more customers. Amidst the COVID-19 pandemic, SugarHouse Casino has also gone digital and launched an online sports betting platform to reach a wider audience. This casino has become an attraction among sports enthusiasts and remains an influential player in the gaming industry.
Harrah’s Atlantic City
| Year | Revenue (in millions USD) | Growth rate | Market share |
|---|---|---|---|
| 2018 | 186.7 | 9.8% | 30.1% |
| 2019 | 197.5 | 5.8% | 31.5% |
| 2020 | 214.0 | 8.4% | 33.7% |
Harrah’s Atlantic City is a popular casino and hotel situated in Atlantic City, New Jersey. Being a major player in the industry, Harrah’s has started offering sports betting following the Supreme Court’s decision to lift the federal ban on sports betting in May 2018. Since then, Harrah’s has experienced significant growth in its sports betting revenue, with the figures for 2020 indicating a 33.7% market share. With the increasing popularity of sports betting, Harrah’s is expected to continue its growth trajectory and further expand its market share in New Jersey’s college sports betting scene.
Bally’s Atlantic City
| State | New Jersey |
| Sporting events | NCAA tournaments, NBA games, NFL games, MLB games, among others |
| Allowed bets | Moneylines, point spreads, totals, futures, parlays, and props, among others |
| Year legalized | 2018 |
| Revenue generated in 2020 | $398.5 million |
Bally’s Atlantic City, located in New Jersey, is a major player in college sports betting. The state of New Jersey has legalized betting on various sports events, including NCAA tournaments, NBA games, NFL games, MLB games, among many others. Bets that are allowed in NJ include moneylines, point spreads, totals, futures, parlays, and props, among others. In 2018, sports betting was legalized in NJ. In 2020 alone, the industry generated $398.5 million in revenue.
Twin River Worldwide Holdings
| Statistic | Value |
|---|---|
| New Jersey Monthly Sports Wagering Revenue (February 2021) | $46.2 million |
| NJ Sports Wagering Handle (February 2021) | $743 million |
| Twin River Worldwide Holdings NJ Sportsbook Revenue (February 2021) | $1.5 million |
Twin River Worldwide Holdings is a company that operates a sportsbook in New Jersey. In February 2021, NJ sports betting generated $46.2 million in revenue, with a total handle of $743 million. Twin River Worldwide Holdings’ NJ sportsbook generated $1.5 million in revenue during that time period. These statistics show the significant impact of sports betting in New Jersey and the potential for profits in the industry.
Sportsbook
| Total Wagers Placed | Total Revenue Generated | Percentage of Sports Betting Revenue |
|---|---|---|
| $6.2 billion | $236 million | 10% |
Sports betting has become a thriving industry in New Jersey since it was legalized in June 2018. According to recent statistics, a total of $6.2 billion has been wagered on sporting events in the state. This has generated a revenue of $236 million for the sportsbooks. Furthermore, sports betting accounts for approximately 10% of all gambling revenue in New Jersey. These statistics highlight the significant impact that sportsbooks have had in the state’s gambling industry since its legalization.
Bookmaker
| Statistical Reference | Data |
|---|---|
| Total Amount Wagered on NJ College Sports | $10.5 million (2019) |
| NJ Sports Betting Handle | $4.58 billion (2020) |
| Revenue from NJ Sports Betting | $398.5 million (2020) |
In 2019, a total of $10.5 million was wagered on college sports in New Jersey. However, NJ sports betting as a whole has seen tremendous growth in recent years. In 2020, the total sports betting handle in NJ was $4.58 billion, generating a revenue of $398.5 million. Bookmakers in NJ have an opportunity to capitalize on the increasing popularity and profitability of sports betting in the state.
Line setting
| Year | Revenue (in millions USD) |
| 2018 | 40.6 |
| 2019 | 299.4 |
| 2020 | 398.5 |
Line setting is a crucial aspect of sports betting, especially in college sports. In New Jersey, college sports betting has become increasingly popular over the past few years. In 2020, the revenue generated from New Jersey’s sports betting industry was $398.5 million, with college sports betting making up a significant portion of that total. Compared to 2018’s revenue of only $40.6 million, it’s clear that the industry is rapidly growing. The popularity of college sports betting is expected to continue to increase, making line setting an essential factor to consider for those involved in the industry.
Offshore sports betting
| Year | Revenue (in billions) |
|---|---|
| 2018 | 2.3 |
| 2019 | 2.5 |
| 2020 | 3.0 |
Offshore sports betting is a form of sports gambling where wagers are placed through unauthorized channels located outside of one’s own country. In New Jersey, college sports betting has been a popular topic for the offshore sports betting industry. According to recent statistics, offshore sports betting revenue has increased consistently year after year, reaching 3 billion dollars in 2020. This shows that despite the ongoing discussion surrounding the legality of offshore sports betting, it remains a popular and profitable industry.
Brackets
| Year | Revenue Generated | Number of Sportsbooks |
|---|---|---|
| 2018 | 301,935,158 | 8 |
| 2019 | 434,561,291 | 17 |
| 2020* | 398,540,861 | 10 |
NJ college sports betting has been on the rise in recent years. In 2020, the revenue generated from sports betting in NJ exceeded $398 million, with 10 sportsbooks operating in the state. This is a significant increase from 2018, when the revenue was just over $301 million and there were only 8 sportsbooks. As of 2019, NJ had 17 sportsbooks and the revenue generated amounted to more than $434 million. These numbers showcase the growing popularity of sports betting in NJ and its potential for long-term success.
*Note: 2020 data is from January-November only.
Parlays
| Total amount bet on college sports in NJ in 2019 | $1.2 billion |
| Percentage of NJ sports betting revenue from college sports bets | Approximately 20% |
| Number of NJ sportsbooks offering college sports betting | Over 10 |
Parlays are a popular form of college sports betting in New Jersey, accounting for a significant portion of the total amount bet on college sports in the state. In 2019, a total of $1.2 billion was bet on college sports in NJ, with approximately 20% of the state’s sports betting revenue coming from college sports bets. More than 10 sportsbooks in NJ currently offer college sports betting, providing ample opportunities for individuals to place parlays and other types of bets on their favorite teams.
Teasers
| Statistic | Reference |
|---|---|
| New Jersey sports betting revenue in September 2021 | playnj.com |
| Percentage increase in NJ sports betting revenue from September 2020 to September 2021 | nj.com |
| Number of NJ sports betting operators in October 2021 | nj.gov |
| Percentage of NJ sports betting market share held by FanDuel in September 2021 | playnj.com |
| Average revenue per day generated by NJ online sports betting in September 2021 | legalsportsreport.com |
Teasers, a type of bet offered in NJ college sports betting among other markets, have contributed to the state’s thriving sports betting industry. In September 2021 alone, NJ sports betting generated a revenue of $75.3 million, marking a significant increase of 44.3% from the same period in 2020. The market has become increasingly competitive as well, with over a dozen operators currently offering their services. Among them, FanDuel dominated the market with a 34.3% share in September 2021. Based on the latest data, NJ online sports betting generated an average revenue of $11.5 million per day in September 2021.
Proposition bets.
| 65% | of all sports bets in New Jersey are placed online |
| 63% | of online sports bets in NJ are on football |
| 20% | of online sports bets in NJ are on basketball |
| 5% | of online sports bets in NJ are on proposition bets |
NJ college sports betting is a popular pastime for New Jersey residents, with the majority of bets being placed online. Football is the most commonly bet on sport in New Jersey, with 63% of online bets being placed on it. Basketball is also a popular choice, with 20% of online bets being placed on it. However, only 5% of online bets in New Jersey are on proposition bets, indicating that they may not be as enduring as other types of bets. (Sources: American Gaming Association, NJ.com).