Amazing indicators for gambling in New Jersey and Ohio

Meadowlands (and sub-licensees FanDuel and PointsBet) was the market leader in 2019, posting revenue of US$149.9 million for the year.

In full 2019, players wagered a total of US$4.58 billion in New Jersey, while in Ohio, revenue rose to a record US$1.94 billion.

Overall gambling revenue for 2019 in New Jersey accumulated US$3.47 billion, up 19.5 percent from US$2.9 billion in the previous year. For December, total gambling revenue was up 11.0 percent year-on-year from US$258.9 million to US$287.3 million. Full year land-based casino revenue for 2019 increased 7.0 percent from US$2.51 billion to US$2.67 billion, despite December revenue slipping 0.2 percent year-on-year from US$209.1 million to US$208.6 million.

Betting revenue figures in New Jersey in 2019 represented an increase of 218.4 percent on the previous year. However, New Jersey only opened its regulated market in June 2018, meaning operators were only active for six months of the comparative year. Player spending on sports betting in the state also rocketed by 1,089.5 percent from US$385.3 million during the six-month period in 2018. Online was the most popular form of sports betting in 2019, with players wagering a total of US$3.84 billion via the Internet, compared to US$747.4 million at retail sites. Online gaming revenue in New Jersey amounted to US$482.7 million in 2019, an increase of 61.6 percent on US$298.7 million in the previous 12 months.

New Jersey’s full-year performance was boosted by a busy December, during which operators generated US$29.4 million in total revenue, up 41.4 percent on the same month in 2018, but lower than US$32.9 million recorded in November 2019. Sports betting handle for the month was US$557.8 million, less than the record US$562.7 million of November 2019. Online wagers were US$488.9 million during December, with retail bets coming in at US$68.9 million for the month.

About Ohio, the total gambling revenue for 2019 was a record US$1.94 billion, up more than 4 percent from US$1.86 billion in 2018. The ‘racinos,’ which offer only chance-based slot machines, brought in US$1.1 billion, an increase of 6.2 percent from 2018. The casinos saw a smaller increase of 1.6 percent and logged US$851 million in gambling revenue. Taxes and fees send about one-third of the revenue to the state. These numbers continue a year-to-year upward trend, with a total to US$11.9 billion in gambling revenue since Ohio’s first casino opened in May 2012. That sum accounts for the money left after facilities pay out winnings for slot machines and table games, but it does not include profits from horse wagering or food sales.