Sports Gambling Revenue Nj
ATLANTIC CITY, N.J. — New Jersey gamblers wagered more than $931 million on sports in November, the latest in a string of monthly records set by a rapidly growing market that’s closing in on the $1. New Jersey: monthly sports betting revenue 2018-2020 Published by S. Lock, Dec 3, 2020. Land-based sports betting has been legal in the U.S. State of New Jersey since June 11, 2018. This means it is now possible to play college sports betting, MLB sports betting, and NBA sports.
Total sports wagering handle hit $931.6m during the period according to figures published by the New Jersey Division of Gaming Enforcement (NJDGE).
That figure was up 16.0% compared to October 2020 and 65.7% higher than November 2019. The New Jersey figure dwarfs Nevada’s $659.9m record handle generated in October 2020.
$872.1m of November’s handle came from online, with $60.0m from retail.
Sports Gambling Revenue Statistics
Football attracted a record $433.3m in bets, which was up from $278.9m in October. Despite the record handle, it was a quieter November sports schedule than usual with the National Hockey League (NHL) and National Basketball Association (NBA) dormant and fewer college basketball games than usual.
November’s takings mean that New Jersey also became the first state to see more than $5bn wagered during a calendar year. That figure is $1bn higher than the handle generated by November 2019.
Sports wagering gross revenue was $50.6m for the month, down slightly on October but well up on the $32.9m reported for November 2019.
For the year to date, betting revenue stands at $332.1m, up 23.0% on the year-to-date figure for October 2019.
Las Vegas Gambling Revenue
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