New Jersey Sets Sportsbetting Record in January

This story was published more than 1 year ago.

New Jersey set an all-time record for sportsbetting revenues in January, as operators made $53.6 million on the activity, up 185.2% from last year.

The previous record for revenues was $46.4 million, which took place in October of 2019. Players in the Garden State wagered $540.1 million on sports for the month, up 40% from last year. Online betting is the dominant form of sportsbetting, with $471.1 million wagered, with retail generated a relatively paltry $69.9 million.

FanDuel remains the leader in the market, generating revenues of $26.4 million, up 277.2% from last year.

New Jersey is proving to be the model for successful betting regulation in the United States, although increased competition from neighboring states may become an issue.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.