Nearly $ 1 billion in sportsbooks placed in New Jersey last month, but global gambling takes a hit

Nearly $ 1 billion in sportsbooks placed in New Jersey last month, but global gambling takes a hit

New Jersey took nearly $ 1 billion in sports betting in December, an encouraging end to a year in which coronavirus closures and restrictions have lowered overall gambling revenues by nearly 17%.

Over $ 6 billion in bets were placed last year in New Jersey, which won a 2018 U.S. Supreme Court case, paving the way for the continued expansion of legalized sports betting in America .

Figures released Wednesday by the New Jersey Division of Gaming Enforcement show that the nine casinos and three racetracks in the state that accept sports betting grossed more than $ 996 million from those bets in December, the latest in a series of monthly records for US sports betting.

Slots and table games revenue for casinos, including internet betting, was $ 2.64 billion in 2020. When sports betting revenue is added, New Jersey recorded revenue of over $ 2.88 billion for the year.

This represented a 16.9% drop in a year in which casinos were closed for 3.5 months. Even when they were …

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