In the latest gambling news, the New Jersey gaming numbers for May are up, and show a rise in gaming and sports betting revenue. If you are looking to start a bookie business, the report will be helpful in showing you the landscape of the gambling industry. We will take a look at retail and online gambling, for both casino and sports betting as well.
Casinos in New Jersey report revenues of $227.3 million for May 2023, which is 2.4% lower than May 2022’s $233 million. However, this month’s win brings up the total year-to-date revenue at $1.1 billion, 3.1% higher than the same period last year. And this is only for retail casinos.
As for online gaming, the revenue is at $161.4 million for May 2023. This gives us a generous 18.7% increase from April’s $136 million revenue. The year-to-date revenue for online sportsbooks in the state is at $781.5 million. This gives us 14.7% growth from the same period last year. So, if you are learning how to be a bookie agent, look into software that can also help you add casino gaming to your operations.
New Jersey Gaming Numbers for Sports Betting and the Market
Sports betting is very popular in New Jersey. The total Gross Revenue for the state’s sportsbooks ang gambling facilities is at $82.2 million for May 2023. This is a whopping 33.4% increase from the previous month’s $61.6 million. Our year-to-date numbers for sports betting gives us a Gross Revenue of $374.5 million, a number that is 39% higher than the same period last year.
And if you want to get into more detail for when you need to manage your sports betting software, retail betting’s handle is at $37.8 million, with online sports betting at $741 million for May. Online wagering continues to be the preferred option of bettors. The total sports betting handle for the year so far is a mind-boggling $4.568 billion.
For the year, basketball generates the highest handle so far at $1.72 billion, followed by baseball at $433 million, and football at $365 million. Keep in mind that baseball is still early on in the season, so as the months pass by, the numbers will increase as well. Of course, football season will not start until September, so the basketball may not have the top spot when the year ends.