New Jersey Sports Betting Handle in December is South of $1 Billion
The New Jersey sports betting handle in December is nothing short of amazing, almost breaching the $1 billion mark. In the latest gambling industry news, we’re reporting on one of the biggest sports betting market in the country. New Jersey ends its year with a record high betting handle, a record mobile handle, and a record high revenue as well. Let’s take a closer look at the numbers of the Garden state as the state wraps up its sports betting numbers for 2020.
Many providers like SportsbookPayPerHead have a good end to their year- handles are up, player registration is up and active. Not only is it a good way to end the year, but its also a promising prelude to 2021. In fact, in the first quarter of 2021, there are new online sportsbooks who will be coming in as they gain a license from the state.
New Jersey Sports Betting Handle
When you are becoming a bookie with an online sportsbook, it helps to know the numbers of the bigger betting markets. That way, you can see the different betting trends throughout the year. For New Jersey, the total betting handle for December is $996,300,794 million. Less than $4 million short of a billion, this is the second month that the state has a $900+ million handle. It is also the highest handle in the country. This is 6.9% higher than November’s $931.6 million. This brings up the total betting handle of New Jersey for 2020 at $6,017,707,104. Yes, the state has over $6 billion in handle for the year.
Out of the total handle, 92% of wagers, amounting to $5.53 billion, are from online wagers. In December alone, the mobile handle for the state is $929.3 million, or 93.3% of the total handle. This is the highest handle for the state as well. As for revenue, December’s revenue is $66.387 million, 31.3% higher than November’s $50.555 million. Again, this is another record that the state sets for the month.
