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17 October

New Jersey Gamblers Wager $445.5M on Sports in September

October 17, 2019

A record-breaking $445.5 million was wagered on professional sports in September in New Jersey, with the state experiencing a 7.8% year-over-year gross gaming revenue increase.

New Jersey embraced sports betting in June 2018. Since then, sportsbooks have taken almost $3 billion in sports handle, with Associated Press reporting that the state’s sports betting market “is challenging Nevada for nationwide leadership.”

The Division of Gaming Enforcement (DGE) revealed Tuesday that New Jersey sportsbooks took 59.3% more in sports revenue in September than they did in the same period last year, with the state generating $38 million in revenue.

The table games and slots revenue took a tumble in September, recording a 3.2% year-over-year decrease. But the sports betting and internet gambling revenue helped the Atlantic City’s market to end the month with a 4.1% overall revenue increase.

New Jersey gambling industry’s gross gaming revenue amounted to $303.5 million in September, leading to a 7.8% increase compared to the same month in 2018.

Although establishing the state’s record, New Jersey casinos’ sports handle didn’t come close to beating the largest casino win ever recorded in the USA — achieved by Nevada in March when its casino win amounted to $600 million.

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