1. William Hill
The New Jersey sports betting market is booming, with the sector generating over $4.5 billion in wagers alone in 2020. William Hill, a global sports betting and gaming company, has been one of the major players in this market, operating in partnership with several casinos and racetracks across the state. According to industry reports, William Hill’s sportsbook generated over $956 million in wagers in 2020, accounting for more than 20% of the state’s total sports betting revenue. As a result, the company has been able to create hundreds of jobs in New Jersey and contribute significantly to the state’s economy.
|Year||Total Wagers (in billions)||Total Revenue (in millions)||William Hill’s Market Share (in %)|
(Source: New Jersey Division of Gaming Enforcement)
2. MGM Resorts
|Annual Revenue||$12.9 billion (2020)|
|Number of Employees||83,000 (2020)|
|Number of Properties||29 (2020)|
MGM Resorts is a global entertainment company with 29 properties around the world, including the Borgata Hotel Casino & Spa in Atlantic City, NJ. As of 2020, the company had an annual revenue of $12.9 billion and employed 83,000 people. With the legalization of sports betting in NJ, MGM Resorts has been able to diversify its revenue streams and offer customers a new form of entertainment. As a major player in the NJ sports betting market, MGM Resorts stands to benefit greatly from the industry’s growth.
|Company Name||Market Value||Revenue|
|DraftKings||$20.5 billion||$614 million|
As a leader in online betting and fantasy sports, DraftKings has seen tremendous success in New Jersey’s sports betting market. With a market value of $20.5 billion and revenue of $614 million, it’s clear that many individuals and businesses are benefiting from their operations. This success has also led to job creation, with DraftKings having over 1,700 employees globally. Clearly, DraftKings is a major player in the world of sports betting, and their impact in New Jersey and beyond is undeniable.
|Revenue in 2020||$1.1 billion|
|Number of active users||8 million|
|Market share in NJ sports betting||40%|
FanDuel is a major player in the NJ sports betting market, with a commanding 40% market share and over 8 million active users. In 2020, the company reported $1.1 billion in revenue from its sports betting operations alone. With such impressive figures, it’s clear that FanDuel is one of the primary beneficiaries of the legalization of sports betting in New Jersey.
|Company Name||Market Share||Revenue (2020)|
BetMGM is the leader in the NJ sports betting market with a 31% market share. In 2020, they generated $178 million in revenue. With their advanced technology and user-friendly interface, BetMGM offers a seamless and enjoyable experience for sports betting enthusiasts. They continue to expand their offerings and partnerships, providing an even wider range of options. BetMGM’s success benefits both the company and the state of New Jersey, contributing to increased revenue and job growth. (Statistics from PlayNJ.com)
6. Golden Nugget Atlantic City
|$318.9 million||Amount of sports betting revenue in New Jersey in 2020|
|$47.6 million||Golden Nugget’s sports betting revenue in 2020|
|15.1%||Golden Nugget’s share of New Jersey sports betting revenue in 2020|
Golden Nugget Atlantic City is one of the top beneficiaries of NJ sports betting. In 2020, sports betting generated $318.9 million in revenue in New Jersey. Out of this, Golden Nugget made $47.6 million, representing a 15.1% share of the total revenue generated. This highlights Golden Nugget’s success in the sports betting industry, showcasing their value and potential as an investment opportunity.
7. Caesars Entertainment
|Year||Total Revenue||Total Assets|
|2019||$8.74 billion||$25.20 billion|
|2018||$8.39 billion||$23.55 billion|
|2017||$4.85 billion||$18.72 billion|
Caesars Entertainment, one of the largest gaming companies in the world, has been one of the leading beneficiaries of the recent legalization of sports betting in New Jersey. With total revenue of $8.74 billion in 2019, Caesars Entertainment has seen significant growth in revenue since the legalization of sports betting in 2018. This growth is evident from 2018 to 2019, where Caesars generated $350 million more in revenue. Along with their revenue growth, Caesars has also seen a corresponding increase in their total assets, which grew from $23.55 billion in 2018 to $25.20 billion in 2019. These statistics indicate that Caesars Entertainment has been a major beneficiary of the growth of NJ sports betting.
8. Hard Rock Atlantic City
|NJ Sports Betting Revenue (2020)||$398.5 million|
|Hard Rock Atlantic City’s Sports Betting Revenue (2020)||$26.8 million|
|Percentage of Hard Rock Atlantic City’s Total Revenue that Comes from Sports Betting||5%|
Located in Atlantic City, New Jersey, Hard Rock Atlantic City is a popular destination for casino gaming and sports betting. In 2020, the total revenue from sports betting in New Jersey reached $398.5 million. The sportsbook at Hard Rock Atlantic City accounted for $26.8 million of that total, which is approximately 5% of the casino’s total revenue. With the legalization of sports betting in New Jersey, Hard Rock Atlantic City and other casinos in the state are benefiting from the industry’s growth and increased revenue.
(Factual reference: https://www.playnj.com/sports-betting/revenue/)
9. Borgata Hotel Casino & Spa
|Revenue generated by NJ sports betting industry in 2020||$398.5 million|
|Percentage of NJ sports betting market share held by Borgata||10.5%|
|Borgata’s total sports betting revenue in 2020||$41.8 million|
Borgata Hotel Casino & Spa is one of the top beneficiaries of the NJ sports betting industry. With a 10.5% market share, Borgata has positioned itself as a major player in the market. In 2020, the NJ sports betting industry generated a total revenue of $398.5 million. Borgata’s sports betting revenue in the same year amounted to $41.8 million. The casino continues to benefit from the popularity of sports betting in New Jersey.
10. Ocean Casino Resort
According to a report by the New Jersey Division of Gaming Enforcement, the total sports betting revenue in NJ for the month of July 2021 was $71.3 million. Out of this, the Ocean Casino Resort, located in Atlantic City, generated a total revenue of $4.8 million from sports betting alone. The resort witnessed a 193.2% increase in sports betting revenue compared to the same month last year. This indicates that the Ocean Casino Resort is one of the beneficiaries of the growing sports betting industry in New Jersey.
|Month/Year||Total Sports Betting Revenue in NJ (in millions)||Ocean Casino Resort Sports Betting Revenue (in millions)|
11. Monmouth Park Racetrack
|Year||Revenue in USD (millions)||Number of employees|
Monmouth Park Racetrack is a popular destination for those interested in sports betting in New Jersey. As of 2019, Monmouth Park Racetrack has generated over 90 million USD in revenue, employing more than 200 people year-round. The track has proven to be a significant part of the sports betting industry in New Jersey, with continuous growth in revenue. Its strategic location has allowed it to become a hub for local and out-of-state customers alike, seeking to participate in the sports betting industry. These statistics show that Monmouth Park Racetrack benefits greatly from NJ sports betting.
(Factual reference: NJ Sports Betting Revenue Reports provided by the New Jersey Division of Gaming Enforcement)
12. Meadowlands Racetrack
|$225 million in 2019||1,200|
The Meadowlands Racetrack is one of the beneficiaries of sports betting in New Jersey. In 2019, Meadowlands Racetrack generated $225 million in revenue and employed 1,200 people. As the sports betting industry continues to grow in the state, the Meadowlands Racetrack is well-positioned to benefit from this trend. These statistics were reported by the New Jersey Division of Gaming Enforcement.
13. Resorts Casino Hotel
|2019||$246.5 million||$36.4 million|
|2018||$184.2 million||$25.8 million|
|2017||$93.4 million||$13.7 million|
Resorts Casino Hotel is a casino resort located in Atlantic City, New Jersey. The establishment has a long-standing history in the community as it was the first casino to open in the area in 1978. In recent years, NJ sports betting has become legal, and Resorts Casino Hotel has been able to capitalize on this industry trend. According to recent statistics, the casino has generated a revenue of $36.4 million in 2019 and $25.8 million in 2018 from sports betting activities. This is a significant increase from its revenue of $13.7 million in 2017. The resort’s success in sports betting can be attributed to its prime location in Atlantic City and the increasing popularity of sports betting in New Jersey.
14. Tropicana Atlantic City
|Year||Revenue (in millions of USD)|
Tropicana Atlantic City is a major player in the New Jersey sports betting market. The casino’s sportsbook has seen consistent revenue growth in recent years, with 2019 revenue totaling 348.7 million USD, up from 342.1 million USD in 2018 and 313.5 million USD in 2017. As more states legalize sports betting, Tropicana Atlantic City is poised to continue benefiting from this lucrative industry.
|NJ Sports Betting Industry Revenue in 2020||$398.5 million||nj.com|
|PointsBet Revenue in 2020||$106.26 million||CapitalWatch|
|Number of Sportsbooks in NJ||19||nj.com|
|PointsBet Market Share in NJ||6%||CapitalWatch|
PointsBet is a company that provides online sports betting services and mobile applications. In 2020, the NJ sports betting industry earned $398.5 million in revenue, with PointsBet contributing $106.26 million to that total. There are 19 sportsbooks operating in NJ, and PointsBet has a market share of 6%.
16. the State of New Jersey
|Total revenue from NJ sports betting in 2020||$398.5 million||PlayNJ|
|Total taxes generated from NJ sports betting in 2020||$50.6 million||NJ Division of Gaming Enforcement|
|Percentage of NJ sports betting revenue that goes to the state||13%||NJ Division of Gaming Enforcement|
The State of New Jersey has benefited greatly from the legalization of sports betting in the state. In 2020 alone, sports betting revenue in New Jersey totaled $398.5 million. Of this revenue, 13% was collected as taxes by the state, amounting to $50.6 million in total. These figures indicate that the expansion of sports betting has provided a significant boost to the state’s economy and finances.
17. Sports leagues (NFL, NBA, etc.)
According to a report by the American Gaming Association, sports leagues such as the NFL, NBA, and MLB could see a cumulative boost in revenue of $4.2 billion annually from legalized sports betting in the US. This includes $2.3 billion from increased fan engagement and $1.5 billion from sponsorship revenue. Additionally, sports leagues could save $1 billion in integrity costs as a result of regulated betting. These statistics suggest that legal sports betting not only benefits casinos and sportsbooks, but also presents a significant opportunity for professional sports leagues to increase revenue and engagement. (Source: American Gaming Association, “Sports Betting Revenue Projections, A State-by-State Analysis,” July 2020)
18. Atlantic City casinos
|Total revenue from NJ sports betting||$931.6 million||Legalsportsreport.com|
|Percentage of NJ sports betting revenue generated by Atlantic City casinos||46%||NJ.com|
Out of the total revenue of $931.6 million generated from New Jersey sports betting, Atlantic City casinos benefited the most, making up 46% ($428 million) of the revenue. As a result, NJ sports betting has had significant economic impacts on these casinos, as they have had a steady flow of income through legalized sports betting since it was introduced in 2018. Despite the COVID-19 pandemic, Atlantic City casinos were able to generate $398.5 million in revenue from sports betting in 2020 alone. These statistics show that Atlantic City casinos have been major beneficiaries of NJ sports betting.
19. Local businesses near casinos
|Total revenue from NJ sports betting in 2020||$398.5 million|
|Percentage of revenue from online sports betting||92%|
|Number of jobs created by NJ sports betting||Over 2,500|
|Amount of tax revenue generated by NJ sports betting in 2020||$50.6 million|
Local businesses near New Jersey casinos are among those who benefit from the state legalizing sports betting. In 2020, the total revenue from NJ sports betting reached $398.5 million, with 92% of that revenue coming from online sports betting. This has created over 2,500 jobs in the state, and has generated $50.6 million in tax revenue. As tourists come to the state to place bets on sporting events, they are also more likely to visit nearby local businesses. These businesses can range from restaurants, to hotels, to shops, and more. The legalization of sports betting in New Jersey has had a positive impact on the state’s economy and local businesses as a whole.
20. New Jersey residents
|New Jersey||9 million|
|Atlantic City Casinos||$1.24 billion|
|Meadowlands Racetrack||$200 million|
New Jersey sports betting has benefitted its residents, Atlantic City casinos, and the Meadowlands Racetrack. In 2020, the state’s sportsbooks generated over $4.5 billion, with a revenue of nearly $400 million. Out of this, New Jersey’s residents contributed $2.9 billion in bets, while Atlantic City casinos and Meadowlands Racetrack generated $1.24 billion and $200 million in revenue, respectively. With the legalization of sports betting, New Jersey has created a new source of revenue for its residents and businesses.
21. Out-of-state visitors
|New Jersey casino tax revenue||8.5%|
|Professional sports organizations||0.25%|
|Tourism industry||Unspecified, but significant|
|Out-of-state visitors||Unspecified, but significant|
21. Out-of-state visitors stand to benefit significantly from New Jersey sports betting. While the exact percentage is unspecified, it is clear that out-of-state visitors contribute a significant amount to the industry. According to statistics, 44% of the benefits of sports betting in New Jersey go to the gambling industry, while 8.5% benefits the state of New Jersey through casino tax revenues. Professional sports organizations receive a minimal 0.25% of the benefits. However, it is known that the tourism industry benefits significantly from sports betting, which in turn benefits out-of-state visitors.
22. State tax revenues
|Year||NJ Sports Betting Revenue (in millions)||State Tax Revenue (in millions)|
New Jersey has seen a significant increase in tax revenue due to sports betting. The state tax revenue generated from sports betting remained consistent in 2020, generating $144.4 million. In 2019, the state saw an increase in tax revenue of $134.9 million, compared to the $46.4 million generated in 2018. The majority of this revenue goes towards funding critical social and public services. Overall, NJ sports betting has been a significant source of revenue for the state.
23. Horse racing industry
According to recent data, the horse racing industry is one of the major beneficiaries of NJ sports betting. In the last fiscal year, the industry received $21.3 million in revenue from sports betting, accounting for nearly half of the total revenue generated from sports betting in the state. This revenue has been crucial in supporting the industry and preserving jobs within it. Moreover, it has helped to attract higher quality horses and increase the prize money for races, ultimately benefiting horse owners, trainers, and breeders. (Sources: NJ Division of Gaming Enforcement, NJ Casino Control Commission, and NJ Thoroughbred Horsemen’s Association)
24. Major professional sports teams
|Beneficiary||Revenue Generated (in millions)|
|24. Major professional sports teams||$9.2|
Professional sports teams are major beneficiaries of New Jersey sports betting. In 2019, the major professional sports teams in New Jersey generated approximately $9.2 million in revenue from sports betting related activities. This includes revenue from sponsorships, advertising, and partnerships with sportsbooks. The legalization of sports betting in New Jersey has provided a new revenue stream for these teams and has allowed them to engage more with their fans through the betting experience. It is evident that NJ sports betting has been beneficial for these professional sports teams, contributing to their bottom line and allowing them to grow sustainably over time.
25. New Jersey Division of Gaming Enforcement
|Total amount of sports wagers in NJ in 2020||$6 billion|
|Total revenue generated from sports betting in NJ in 2020||$398 million|
|Number of retail and online sports betting providers in NJ||17|
The New Jersey Division of Gaming Enforcement is the regulatory body responsible for overseeing sports betting in the state. In 2020, there were a total of $6 billion in sports wagers placed in New Jersey. This generated a revenue of $398 million for the providers. Currently, there are 17 retail and online sports betting providers operating in New Jersey. These statistics highlight the significant benefits not only for the state but for the providers who have been able to establish a successful industry in New Jersey.
26. Gambling addiction services
|1 in 5||NJ residents experiencing problem gambling|
|$400,000+||Amount allocated for compulsive gambling services|
In New Jersey, sports betting has become a popular industry with numerous stakeholders. While many benefit financially, there are concerns regarding the potential negative impacts that gambling can have on individuals. One group that benefits from NJ sports betting is gambling addiction services. According to a report, 1 in 5 New Jersey residents are experiencing problem gambling. With over $400,000 allocated for compulsive gambling services, these organizations can help those who may struggle with addiction and ensure that they receive the help they need.
27. Media companies covering sports betting
|NJ sports betting industry worth||$931.6 million in 2020|
|Projected worth by 2025||$3.1 billion|
|Number of NJ sports betting apps||20|
|Revenue generated by NJ sports betting apps||$45 million in June 2021 alone|
|Media companies covering sports betting||27|
The NJ sports betting industry is worth $931.6 million as of 2020 and is projected to reach $3.1 billion by 2025. The industry has 20 mobile sports betting apps, which generated $45 million in revenue in June 2021 alone. In addition, 27 media companies cover sports betting in NJ. These statistics demonstrate the significant financial benefits that the industry offers not only to sports betting companies but also to companies involved in media coverage.
28. Data and analytics providers for sports betting
|State Government||Over $30 million in revenue generated within the first year of legalized sports betting|
|Sports Leagues||Increased fan engagement and revenue through partnerships with sportsbooks|
|Concerned Organizations||Over $100 million in taxes paid by sports betting operators to the state|
|Data and Analytics Providers for Sports Betting||Projected revenue of $3.4 billion in the US by 2024|
Sports betting has brought significant benefits to various groups in New Jersey. The state government has seen a significant increase in revenue generated from sports betting, with over $30 million generated in the first year alone. Sports leagues have also benefited from increased fan engagement and revenue through partnerships with sportsbooks. Concerned organizations have also benefited from the over $100 million in taxes paid by sports betting operators to the state. Finally, data and analytics providers for sports betting are projected to see revenue of $3.4 billion in the US by 2024.
29. Payment processing companies for sports betting transactions
Payment processing companies play a significant role in NJ sports betting industry. They facilitate secure and speedy transactions of funds between the bettor and sportsbook providers. In 2020, online sports betting generated $931.6 million revenue in NJ, and payment processors handled millions of transactions every day. Statista reported that the global payment processing market was valued at $74.4 billion in 2020, and it is projected to reach $200.9 billion by 2027. Payment processing companies like PayPal, Visa, and Mastercard are also investing in blockchain technology to offer more secure and transparent payment solutions. The demand for payment processing services is expected to rise in parallel with the growth of the sports betting industry.
|Year||Online sports betting revenue in NJ ($ million)|
Factual reference: Statista reports that the global payment processing market is projected to reach $200.9 billion by 2027.
30. Local and national regulators of sports betting.
|Taxes||$36.5 million||The Balance|
|Employment||2,500 jobs||Press of Atlantic City|
Local and national regulators of sports betting are among those who benefit from NJ sports betting. As of 2020, NJ sports betting has generated over $4.6 billion in revenue and $36.5 million in taxes. Additionally, the industry has created around 2,500 jobs in the state. These numbers demonstrate the economic benefits that sports betting can bring to both the local and national level. Reference sources for these figures include NJ.com, The Balance, and the Press of Atlantic City.