New Jersey sports betting handle, revenue suffer December dip

New Jersey’s licensed sports betting operators reported a slight decrease in both wagering handle and revenue in December, as punters apparently found themselves distracted by the cash and time demands of the holidays.

Figures released Monday by the New Jersey Division of Gaming Enforcement (DGE) show the state’s licensed betting operators generated wagering handle of $319.2m in December, down slightly from $330.7m in November. Wagering revenue – which under the state’s definition includes pending wagers – totaled $20.8m, down around $900k from the previous month.

In what is now a familiar pattern, online betting turnover dwarfed its land-based counterpart. Online handle totaled just over $241m, around $2.4m higher than in November, while retail wagering hit $78.1m, well back of November’s $92.1m.

The FanDuel-powered Meadowlands Racetrack’s betting revenue won the month with $9.1m, nearly $2m higher than November’s result and significantly better than the $3.5m the track reported in October. Resorts Digital, whose online sports offering is powered by the DraftKings/Kambi combo, reported wagering revenue of nearly $6.7m, down about half-a-million from November.