New Jersey sports betting revenue has exceeded the mark of $4.5 billion in 2019 and settled at the point of $4.58 B. And out of this, the total revenue from taxes on mobile and land-based sportsbook operators yielded $36.5 million to the state governments. According to the statistics revealed by the state’s Division of Gaming Enforcement (DGE), most of the wagered money has come via the internet sportsbooks and only a sum of $3.83 billion accounts for mobile sportsbooks.
The sports betting was legalized and regulated in New Jersey in the year 2019 and a total of $4.58 billion of the amount has been wagered. Out of this, a sum of $4.55 billion has been collected via the game occurred. The share of football and basketball corresponds to a total of $939.3 million and $934.9 million respectively. In addition to this, Parlays, baseball, and other sports categories contributed a sum of $879.5 million, $698.4 million, and $1.09 billion respectively.
And it is clear from the data revealed here that football enjoys the highest share out of all the sports falling in this category. Due to the flourishment of the gambling industry, the state has got benefitted in increasing its revenue in total. The nine casinos in the Atlantic City have won a total of $3.3 billion and the major reason for it is the overall increase in digitization.
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