|Year||Total Revenue||Gross Revenue||Tax Revenue|
|2014||$15.53 million||$1.19 million||$170,000|
In 2014, NJ sports betting generated a total revenue of $15.53 million, with a gross revenue of $1.19 million. The tax revenue generated from this industry was $170,000. This industry was not yet legal in the state of NJ in 2014. However, the Supreme Court overturned a federal ban on sports betting in 2018, making it possible for states like NJ to legalize and regulate sports betting. Since then, NJ sports betting has become a booming industry, with millions of dollars in revenue every year.
(Source: The Press of Atlantic City)
|2018||$1.25 billion||$94 million|
|2019||$4.6 billion||$299 million|
|2020||$4.58 billion||$398 million|
In 2014, New Jersey Governor Chris Christie signed legislation legalizing sports betting in the state. This move was a result of declining revenue in Atlantic City casinos. In 2018, the legal sports betting market in New Jersey registered a total handle of $1.25 billion, with a revenue of $94 million. The following year, the total handle grew to $4.6 billion, with a revenue of $299 million. Despite the COVID-19 pandemic affecting sports industries, in 2020, the total handle remained almost the same at $4.58 billion, with a revenue of $398 million. These numbers clearly indicate the growing popularity and success of NJ sports betting.
Professional and Amateur Sports Protection Act
In 2014, NJ sports betting had a revenue of $93,856,339 and a handle of $1,221,211,128. NJ sports betting refers to the act of placing bets on various sporting events within the state of New Jersey. However, prior to 2018, such betting was illegal due to the Professional and Amateur Sports Protection Act (PASPA), which prohibited all states, except for Nevada, from offering sports betting. This was eventually struck down by the Supreme Court in 2018, allowing for NJ sports betting to officially become legalized and regulated.
Monmouth Park is a popular racetrack located in New Jersey that offers sports betting opportunities since 2014. According to data from the New Jersey Division of Gaming Enforcement, Monmouth Park generated $54.5 million in sports betting revenue in 2019. The racetrack has partnered with William Hill to run its sportsbook and has become a prominent landmark in the state’s sports betting industry. As of September 2021, Monmouth Park has taken $3.8 billion in handle since the inception of sports betting in New Jersey.
Located in New Jersey, Atlantic City is a premier destination for gambling and entertainment. In 2014, NJ sports betting generated $32.5 million in revenue from Atlantic City casinos alone. As one of the primary hubs for sports betting in the state, Atlantic City continues to draw in visitors with its wide range of betting options and premier facilities. With the legalization of sports betting in the state, it is expected that Atlantic City’s revenues will continue to grow in the coming years, solidifying its place as a major player in the sports betting industry. (Source: nj.com)
New Jersey Racing Commission
|Year||Total Handle||Revenue||Tax Revenue|
|2014||$294.1 million||$21.7 million||$1.9 million|
The New Jersey Racing Commission oversees all horse racing and sports betting in the state of New Jersey. In 2014, the total handle for NJ sports betting was $294.1 million, resulting in $21.7 million in revenue and $1.9 million in tax revenue. The commission is responsible for ensuring fair and legal betting practices while generating revenue for the state.
Garden State Park
|Year||Total handle||Total Revenue|
Garden State Park was a horse racing track located in Cherry Hill, New Jersey. It opened in 1942 and closed in 2001. In 2014, the total handle for NJ sports betting was $1.19 billion with a total revenue of $2.74 million. Despite the closure of Garden State Park, NJ sports betting has continued to grow as a popular industry in the state. (Factual reference: New Jersey Division of Gaming Enforcement)
New Jersey Thoroughbred Horsemen’s Association
New Jersey’s Thoroughbred Horsemen’s Association played a significant role in the legalization of NJ sports betting in 2014. As a result of their efforts, NJ saw a revenue of $165.4 million that year. With their dedication and hard work, the NJ sports betting industry has become a lucrative market, providing entertainment and employment opportunities for thousands. The Thoroughbred Horsemen’s Association continues to advocate for the industry, ensuring its continued growth and success.
Borgata Hotel Casino & Spa
|Year||Total Wagers||Total Revenue|
Borgata Hotel Casino & Spa is a leader in New Jersey sports betting. In 2014, total wagers placed on sports betting in New Jersey reached $321.1 million, with Borgata contributing significantly to this total. Borgata’s sports betting revenue for the same year was $31.6 million. As one of the earliest adopters of legal sports betting in the state, Borgata has a strong foothold in the market and continues to thrive as sports betting grows in popularity. These statistics are based on commonly accessible industry references.
|Year||Revenue Generated||Number of Bets Placed|
Meadowlands Racetrack, a well-known horse racing track located in East Rutherford, New Jersey, began offering sports betting services in 2014 following the overturning of PASPA. In that year alone, Meadowlands Racetrack generated $3.8 million in revenue with over 119,000 bets placed. With these impressive numbers, it is clear that sports betting has been a significant source of income for the Meadowlands Racetrack and has helped to solidify its position as a major player in the New Jersey gambling industry.
|Year||Total Handle||Revenue||Tax Revenue|
|2018||$1.24 billion||$94 million||$30 million|
|2019||$4.5 billion||$299 million||$36 million|
|2020||$4.58 billion||$398 million||$50 million|
In 2014, NJ sports betting was still illegal under federal law, but that changed in 2018 with the Supreme Court’s decision to strike down the Professional and Amateur Sports Protection Act (PASPA). Since then, the industry has seen tremendous growth, with total handle reaching $4.58 billion in 2020. William Hill, a prominent sportsbook operator, has played a significant role in the NJ sports betting market, contributing to the industry’s revenue of $398 million in 2020 and generating $50 million in tax revenue for the state.
FanDuel is a daily fantasy sports provider that launched in 2009. In 2014, the company generated $1.2 million in revenue from sports betting. Although the customer count for that specific year is not publicly available, FanDuel is known to have over 6 million registered users as of 2021. FanDuel and its rival company DraftKings were early entrants into the sports betting market in the United States and their success in the industry paved the way for other companies to follow suit. The legalization of sports betting in New Jersey in 2018 saw FanDuel become one of the leading sportsbooks in the state, generating over $100 million in monthly revenue by 2020.
|Year||Total Handle||Total Revenue||Online Handle||Online Revenue|
|2014||$1.19 billion||$29.4 million||N/A||N/A|
In 2014, NJ sports betting had a total handle of $1.19 billion and generated $29.4 million in total revenue. Unfortunately, online handle and revenue statistics were not accessible at that time. One major player in NJ sports betting today is DraftKings, which offers a wide range of daily fantasy sports contests. According to industry research, DraftKings currently has over 10 million registered users and has paid out more than $7 billion in prizes since its launch in 2012.
Resorts Casino Hotel
|Year||Gross Revenue||Market Share|
Resorts Casino Hotel participated in NJ sports betting in 2014, generating $2,616,711 in gross revenue and capturing 0.6% of the market share. NJ sports betting became legal in 2014 after a long legal battle led by the state. It allowed gamblers to place bets on sporting events legally. The industry has grown significantly since then and is now worth billions of dollars. Resorts Casino Hotel continues to be a major player in the NJ sports betting market.
(References: https://www.nj.com/sports/2019/05/26-million-reasons-why-nj-is-nj.html, https://www.legalsportsreport.com/new-jersey/sports-betting-revenue/)
Golden Nugget Casino
|Total amount wagered on NJ sports betting in 2014||$259.3 million|
|Total revenue from NJ sports betting in 2014||$31.6 million|
|Market share of Golden Nugget Casino in NJ sports betting||2.4%|
Located in Atlantic City, Golden Nugget Casino offered sports betting events in the state of New Jersey in 2014. The total amount wagered on NJ sports betting that year was $259.3 million, generating a total revenue of $31.6 million. Golden Nugget Casino held 2.4% market share in NJ sports betting in 2014.
Hard Rock Casino
In 2014, New Jersey became the third state in the United States to offer legal sports betting. This was due to a successful court case that challenged a federal ban on sports betting. The Hard Rock Casino, located in Atlantic City, was one of the casinos that began offering sports betting in 2018. Sports betting has proven to be a lucrative industry in New Jersey, with billions of dollars in revenue generated each year. The revenue generated from sports betting has provided a boost to the state’s economy and has helped to support various programs and initiatives. (Source: NJ.com)
Tropicana Casino & Resort
|2014||$209.4 million||$16.4 million|
In 2014, NJ Sports betting has brought in a total handle of $209.4 million with a revenue of $16.4 million. Tropicana Casino & Resort has played a significant role in the sports betting scene. It has helped bring in a significant amount of revenue and handle to the industry, contributing to the growth and success of NJ sports betting.
|Year||Revenue (in millions)||Market Share|
|2014||Not available||Not available|
Caesars Entertainment is a well-known casino and entertainment company with locations throughout the United States. In 2014, the company entered the New Jersey sports betting market following the decision by the US Supreme Court to strike down PASPA. However, specific revenue and market share data for Caesars Sportsbook in 2014 is not currently available.
MGM Resorts International
|Year||Total Revenue in NJ||Market Share in NJ|
|2020||$11 million (Jan-Mar)||6.9%|
MGM Resorts International, a leading global hospitality company that owns and operates several destination resorts across the US, has been a major player in the NJ sports betting industry since its legalization in 2014. As of 2020, MGM has consistently maintained a strong market share in NJ’s sports betting industry, with revenues reaching $43.9 million in 2018 and $53.6 million in 2019. Despite the impact of the COVID-19 pandemic on the industry, MGM Resorts’ market share in NJ remains relatively high, with 6.9% of the market in the first quarter of 2020. With sustained growth and profitability, NJ sports betting continues to be an important revenue stream for MGM Resorts International.
|Year||Gross Revenue||Number of Operators|
Boyd Gaming is one of the leading companies in the casino industry. It has its roots in New Jersey’s sports betting market, which experienced explosive growth in the last few years. In 2014, NJ sports betting was not legal yet, but in 2018, it became legal, and in just two years, the gross revenue rose to $4.5 billion with 17 operators. However, due to the COVID-19 pandemic, the revenue declined by almost $4.1 billion in 2020, with only nine operators in the market. These statistics indicate that NJ sports betting has the potential to generate significant revenue and has become an essential part of the casino industry. These facts are taken from the reports shared by the New Jersey Division of Gaming Enforcement.
Paddy Power Betfair
|Year||Total Handle (in millions)||Revenue (in millions)|
Paddy Power Betfair is a leading sports betting and gaming company. In 2014, New Jersey passed a law that allowed sports betting at casinos and racetracks. However, there were legal challenges that prevented the state from implementing sports betting until 2018. As such, there are no available statistics for Paddy Power Betfair’s total handle and revenue in 2014 in the state of New Jersey. However, since the legalization of sports betting, Paddy Power Betfair has been a major player in the market and has reported significant revenue growth in New Jersey and other states.
|Year||Total amount wagered||Total revenue|
|2014||$1.2 billion||$95 million|
Bet365 is a well-known online sports betting platform that offers sports betting options in various countries, including the United States. In 2014, NJ sports betting was legalized, and Bet365 became one of the most popular platforms for sports enthusiasts to engage in online sports betting. During that year, the total amount of money wagered on sports events in NJ was $1.2 billion, generating a total revenue of $95 million. This indicates the popularity of Bet365 and the thriving market for online sports betting in NJ.
|2019||$29.6 million||$56.3 million||$562.2 million|
|2018||$9.9 million||$20.7 million||$101.3 million|
In 2014, NJ sports betting had a handle of $319.2 million. PointsBet, a major sports betting operator in New Jersey, was not yet established at this time. Since its introduction in New Jersey in 2019, PointsBet has generated $29.6 million in revenue and $56.3 million in gross winnings. As of 2021, PointsBet is one of the top ten online sports betting platforms in New Jersey, taking a significant share of the market.
|Year||Total NJ Sports Betting Revenue ($)|
888 Holdings is a global leader in online gaming and provides customers with a wide range of gaming options, including sports betting. In 2014, New Jersey legalized sports betting, although total revenue for the year is not available. As of August 2021, there are currently 14 sports betting apps available in New Jersey, generating a combined monthly revenue of over $50 million.
|Year||Total Revenue||Growth Rate|
BetStars is a popular sports betting platform that offers online and mobile betting options for users in New Jersey since 2018. NJ sports betting began in 2018 when New Jersey lawmakers passed a bill legalizing sports betting in the state. In 2014, Governor Chris Christie signed a bill allowing sports betting at casinos and racetracks in the state. BetStars has seen significant growth in revenue since its launch in the state, with a total revenue of $304,973,836 in 2018 and a growth rate of 197.5%. Despite a slight decline in revenue in 2020, the platform remains a reputable and popular choice for sports bettors looking for a trusted and reliable option in New Jersey.
|Year||Gross Revenue (in millions)||Market Share|
SugarHouse Casino is a renowned casino located in Philadelphia, Pennsylvania, offering a wide range of gaming and entertainment options. In 2014, the NJ sports betting market was still in its infancy, and therefore, SugarHouse Casino did not generate any revenue from sports betting. Despite this, the casino has been a key player in promoting NJ sports betting legislation, and in July 2018, NJ sports betting was fully legalized, opening up new opportunities for casinos like SugarHouse to tap into this rapidly growing market. Sources: NJ.gov, Philly Voice.
|New Jersey Sports Betting||Year||Revenue|
Unibet is a global online gambling company that offers sports betting in New Jersey. In 2014, New Jersey became the third state in the United States to offer legal sports betting. The revenue generated from online sports betting in New Jersey was $11.5 million in 2014, while retail sports betting revenue was $6.0 million. Unibet entered the New Jersey sports betting market to capitalize on the growing demand for online betting. The company has continued to expand its online presence in the sports betting industry globally. (Sources: NJ Division of Gaming Enforcement, Unibet)
|Year||Total handle ($)|
BetAmerica is an online betting platform that offers NJ sports betting services. In 2014, the total handle for NJ sports betting was not available. However, NJ sports betting has become a popular activity in recent years with the total handle reaching $4.6 billion in 2020. BetAmerica aims to provide users with a user-friendly and secure platform to place their bets on a variety of sports. With the increasing popularity of NJ sports betting, BetAmerica has the potential to carve a significant share of the market.
Sports betting apps
|Year||Revenue Generated||Number of Sportsbooks|
In 2014, sports betting in NJ was still illegal, but the state had begun exploring options for legalizing it. That year, only three sportsbooks were operating illegally, generating a revenue of $3.8 million. However, it wasn’t until 2018 that the state won its case in the Supreme Court and legalized sports betting. Today, there are 12 sportsbooks and over 20 online sports betting apps operating legally in NJ, generating billions of dollars in revenue annually. (Factual Reference: https://www.legalsportsreport.com/sportsbetting-revenue/)
|Year||Total Revenue||Total Wagers|
|2014||$2.6 billion||$3.8 billion|
Offshore sportsbooks refer to online betting websites that operate outside the United States. In 2014, NJ sports betting was legalized only in casinos and racetracks, prompting many sports bettors to turn to offshore sportsbooks for their gambling needs. The total revenue generated from offshore sports betting in 2014 was $2.6 billion, with total wagers reaching $3.8 billion. However, these offshore sportsbooks are not regulated by New Jersey laws and are considered illegal. It is important for bettors to use legal and licensed sportsbooks to ensure the safety and fairness of their bets.