New Jersey Sports Betting Hits New Heights: A Look at the 2023 Numbers
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NJ Sports Betting - A Year of Remarkable Growth
In 2023, the New Jersey sports betting scene witnessed significant growth, marking an impressive year for the industry. The total sports betting handle reached a staggering $11.9 billion, showing a 9.4% increase from 2022's $10.9 billion. This rise reflects the growing popularity and acceptance of sports betting among New Jersey residents.
A significant contributor to this growth is mobile sports betting, which accounted for a massive $11.4 billion of the total handle. This figure is up 12.8% from 2022's $10.1 billion, highlighting the convenience and accessibility of mobile betting platforms, together with attractive NJ sportsbook promos.
The total sports betting revenue for the year stood at an impressive $1 billion, up 15.7% from the previous year's $763 million. This substantial increase in revenue demonstrates not only the industry's robust health but also its potential as a significant boost in the state.
December Seals the Deal for a Record Year
In December, the total sports betting handle was $1.28 billion, though this was a 20.9% decrease from November's $1.6 billion. The mobile sports betting handle for December was $1.2 billion, down 21.3% from November's $1.5 billion. Despite these month-over-month declines, the December sports betting revenue showed a healthy increase of 14.1%, reaching $109 million compared to November's $95 million.
An interesting trend in December was the dominance of mobile betting, which represented a whopping 96.1% share of the sports betting market. This statistic underscores the critical role mobile platforms play in the sports betting ecosystem in New Jersey.
Apart from sports betting, December also saw a rise in total gaming revenue, which climbed to $522 million marking an 8.2% increase from November's $482 million. The internet gaming win for December was $180 million, up 5.1% from November's $171 million, reflecting the sustained interest in online gaming options.
These numbers from New Jersey for 2023 illustrate not just the state's enthusiastic engagement with sports betting but also the evolving landscape of the gambling industry. With such significant growth and the increasing shift towards mobile and internet platforms, it's clear that New Jersey is at the forefront of sports betting in the US, offering insights into future trends and potential developments in this dynamic sector.
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