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$26.65 Million - New Jersey Online Casino Market Heats Up as Sports Betting Takes Off

So far Sugarhouse Online Casino and Caesars Online Casino are the only operators to offer both casino and sports betting on one website, but they only launched in early September. For now there is only one month to analyze, and we saw a 4.22% dip in casino and poker revenue from July to August as sports betting went live. However, with increased marketing coming with football season, and a turn to inclement weather in September, will this rising sports betting tide lift all boats? Based on online sports betting revenues in the first month alone, one thing seems clear – people want safe, secure, and legal ways to bet on sports online in America. The tax revenue implications as more States turn to legalization could be substantial. "Draftkings Sportsbook looks to impress as they have a clear blueprint for success, which they could scale out nationwide," said Casino Editor, Anirudh Vashishth.

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