1 Year of Legal Sports Betting in New Jersey: $3 Billion in Bets and Other Numbers to Know
Chris Pedota/NorthJersey.com via USA TODAY NETWORK. Pictured: New Jersey Governor Phil Murphy.
One year ago today, the William Hill sportsbook in Monmouth Park, N.J., took its very first sports bet. And it’s no surprise that the state whose lawsuit against the government led to the lifting of the federal sports betting ban has become the second-biggest betting state outside of Nevada.
Let’s take you through the numbers.
For more on sports betting in the state of New Jersey, be sure to check out our hub.
10: Number of retail operations within the state, led by FanDuel’s sportsbook at the Meadowlands (within the same complex as MetLife Stadium, home of the Jets and Giants).
14: Number of mobile operators within the state, lead by DraftKings and FanDuel
$17,500,000: FanDuel’s revenue in March, the largest revenue month for any sportsbook in the first full year.
80: Percentage of bets in New Jersey that come in through mobile. The percentage is increasing, as it hit a high as 82.6% in the last reported month (May).
$22,600,000: Money generated in taxes in sports betting within the state through the first 11-and-a-half months, beating the $13M forecast for the first fiscal year.
$194,100,000: Revenue brought in from sportsbook operators in New Jersey.
$300,000,000: There has been a seven-month streak of a $300 million monthly handle in N.J. The record came in January with a $385.3 million handle.
$500,000,000: Amount that DraftKings has paid out to New Jersey bettors since opening their mobile sportsbook on Aug. 1.
$823,596,443: Amount wagered on basketball — both college and pro — in the first year. That’s $207 million more than football generated.
$3,000,000,000: With $2.9 billion bet through the first 11-and-a-half months, the handle for the state of New Jersey will surpass $3 billion. How impressive is that? In Year 1, it’s roughly 60 percent of what Nevada pulls in.