NJ Sportsbooks Take $1.7 Billion In Bets In January, Setting New Record

Written By David Danzis on February 16, 2024
The New Jersey Devils' Ondrej Palat for a story on New Jersey sports betting revenue in January 2024

New Jersey sports betting just had its best month ever, as both the total amount of money gambled and sportsbook revenue hit all-time highs in January.

According to data released Friday by the state Division of Gaming Enforcement, NJ sportsbooks took just shy of $1.72 billion worth of legal bets last month and kept more than $170.7 million.

NJ beat previous record by $100 million

The previous record for monthly handle (the amount wagered) in NJ was $1.62 billion, set in November 2023. Last month’s handle was a 59% year-over-year increase from January 2023.

Online sports betting continues to attract the bulk of legal wagers in NJ. Based on the DGE data, 97.2% of January’s handle, or $1.67 billion, were online bets.

The $111.2 million in monthly revenue reported in October 2023 had been an all-time high for NJ sportsbooks. January 2024’s revenue was a 136% YoY increase.

The monthly financial reports include data from sportsbooks inside Atlantic City casinos, the state’s three licensed racetracks and 18 mobile sports gambling apps.

Concerns over sports betting numbers in NJ have vanished

After seeing a decline in YoY volume following New York’s legal online sports betting launch in early 2022, NJ’s sports gambling market has bounced back in a big way. Concerns about Garden State bookies losing business to their Empire State counterparts are all but gone.

January marks the fifth consecutive month of handle eclipsing $1 billion. NJ sportsbooks have generated over $90 million in monthly revenue since September 2023.

New Jersey remains in the top tier of legal sports betting states, along with NY and Nevada. Illinois, Pennsylvania, Michigan and Ohio are nipping at their heels.

LicenseeOnline Brand(s)Total RevenueRetail RevenueOnline RevenueTotal Tax Obligation
MeadowlandsFanDuel | PointsBet | SuperBook$113,025,794$3,713,015$109,312,779$14,526,293
Resorts Atlantic CityDraftKings | Fox Bet | Resorts$40,119,622($135,565)$40,255,187$5,233,174
BorgataBetMGM | Borgata$8,020,698($17,957)$8,038,655$1,045,025
Hard Rock Atlantic CityHard Rock | bet365 | Unibet$4,797,014($48,861)$4,845,875$630,034
Tropicana Atlantic CityCaesars | Mojo$2,504,264$199,942$2,304,322$319,872
Monmouth ParkCaesars | BetRivers$2,386,860$495,164$1,891,696$288,019
Bally's Atlantic CitySporttrade$494,109($87,762)$581,871$60,561
Harrah's Atlantic CityProphet$418,378$46,623$371,755$48,328
OceanTipico$373,416($8,184)$381,600$49,616
Golden Nugget Atlantic CityGolden Nugget | Betway$73,856$6,384$67,472$543
Caesars Atlantic CityWynnBet($388,868)($388,868)------
FreeholdESPN Bet | PlayUp | betParx($1,066,809)$122,836($1,189,645)$10,445
Total$170,758,334$3,896,767$166,861,567$22,211,910
Photo by Bill Kostroun / AP Photo
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David Danzis

David Danzis is the lead writer for PlayNJ. He is a New Jersey native and honors graduate of Rutgers University. As a newspaper reporter for the New Jersey Herald and Press of Atlantic City, David earned statewide awards for his coverage of politics, government, education, sports, and business. Today, he is PlayNJ’s Atlantic City “insider” and gaming industry expert on casinos, sports betting, and online gambling. David lives in Atlantic County, NJ with his wife and two children.

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