New Jersey recently received the good news it had been expecting. With the release of Nevada’s December sports betting handle numbers, it became apparent that the Garden State is now officially the nation’s leading sports betting state, whether its online or land-based.
Following a stellar end to 2020, as we reported earlier, New Jersey bettors racked up $6 billion in sports in the calendar year, including a monster $4.1 billion in wagers in the last five months alone for The Garden State, which as a standalone figure was only $400 million less than the state bet on sports in New Jersey in all of 2019. The New Jersey sports betting industry then held its collective breath waiting for the Nevada December numbers to come in.
In the end, Nevada’s numbers were not that bad, with the Silver State pulling in $588 million in December 2020, just ahead of third-placed Pennsylvania. However, with the numbers 20% down year-on-year compared to the previous December, it handed the title of leading sports wagering state to a joyous New Jersey.
NJ’s joy is Nevada’s pain
Nevada’s handle was a 3.5% dip from November’s total of $609.5 million. It was also the second straight month with a significant handle decrease as the December numbers were off 10.8% from the Silver State’s October’s record of $659.2 million.
However, the year-on-year total handle decrease was astonishing as Nevada sportsbooks took in $4.3 billion in wagers, almost 20% less than the 2019 total of $5.32 billion. As a result, revenue totals for the year in Nevada suffered as they fell 20.65% to $261.1 million after the sportsbooks took in more than $329 million in 2019.
December 2020 saw approximately $40.6 million in revenues in Nevada, a big dip from November’s record haul of $61.8 million. Those December revenues resulted in nearly $2.75 million in taxes entering the state’s consolidated revenue funds for the month as the number pushed Nevada to collecting slightly less than $17.6 million for the year.
Looking at the silver lining, it is believed Nevada’s report pushed the national handle over $20 billion for 2020 with a handful of states yet to release December numbers.
Whilst reasons for the Nevada dip are not entirely certain, it is clear that with the need for in-person registration in the times of a global pandemic have cost the Nevada sports betting industry dearly. While almost 60% of bets were placed on mobile in Nevada in December, Colorado saw an incredible 98.6% of its wagers placed online, Pennsylvania had 97.6% of bets placed on PCs and mobile devices, while New Jersey saw more than 92% of all bets placed online.
Nevada has not finished ahead of New Jersey in sports betting handle for any month since December 2019 and the way that things are progressing, the Silver State doesn’t look likely to do so anytime soon.
New Jersey looks to top Nevada for the first time in Super Bowl Betting
The New Jersey sports betting industry is looking ahead to the Super Bowl to consolidate its lead over Nevada and take its first-ever national Super Bowl betting crown. Last year, Nevada took in $154.7 million in Super Bowl wagers, compared to just $54.2 million in handle for New Jersey.
With fan favorite and now-Tampa Bay Bucs QB Tom Brady making a record 10th Super Bowl appearance, wagering numbers are expected to go through the roof. Unlike Nevada, with bettors in the state of New Jersey being able to sign up to place wagers from the comfort of their own homes during a global pandemic, the Garden State appears to top Super Bowl betting for the first time.