2020 began with new revenue records for New Jersey’s online casino and sports betting industries. All told, in January, online sports betting, online casino games, and online poker generated over $100 million, a first for the industry.
The US sports betting industry closed out 2019 with a strong showing in December. All told, the legal US sports betting markets tallied an impressive $13 billion in handle for the year, according to a press release from the American Gaming Association.
Australian sports betting data and services provider BetMakers has secured an exclusive 10-year agreement to distribute fixed odds horse racing betting data and other content in New Jersey and beyond.
The numbers are in, and it’s as clear as day: The Super Bowl is a destination event for sports bettors.
It’s official, Penn National is acquiring Barstool Sports. The deal, first reported by Vox, brings together one of the largest casino operators in the US and a rapidly growing multimedia company with a fanbase tailormade for sports betting.
Research conducted by the American Gaming Association (AGA) estimates that bettors will wager $6.8 billion on Super Bowl 54, between the Kansas City Chiefs and San Francisco 49ers. And despite legalized sports betting in 14 states and counting, the overwhelming majority of that money will be wagered illegally.
This is a developing story and more information will be added as it becomes known. Stay tuned for updates. BetMGM has launched online and mobile sports betting in West Virginia just in time for the 2020 Super Bowl.
This column is part of Betting USA’s monthly market analysis that looks at trends in legal US online gambling markets.
New Jersey’s online gambling and sports betting industries collectively tallied $78.8 million for December, according to the New Jersey Division of Gaming Enforcement’s latest revenue reports.
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