By Skip Charles in Vegas
New Jersey has left Nevada in the dust as the No. 1 state in the USA for gambling revenue.
And now it has set a record:
The first state to cross the $1 billion threshold in sports wagers in a month
In September Jersey’s online sports wagering reached over $918 million in handle, according to the New Jersey Division of Gaming Enforcement.
Another $92.6 million was added by on-site sports wagering. A handle is the total amount of money placed in wagers.
“Sportsbooks reaching $1 billion in monthly handle is a reminder that there is no gaming market in the U.S. that is playing on New Jersey’s level,” Eric Ramsey, an analyst for the PlayUSA.com Network, said in a statement.
The Garden State held the previous monthly sports wagering record at $996.3 million in December 2020.
New Jersey, which brought the sports gambling case to the Supreme Court in 2018, saw legislation passed and bets placed within weeks of the national judicial decision to lift a federal ban on sports betting. Since then, online gambling has taken off in the state, with more than 20 online sportsbooks available. Neighboring New York has yet to legalize online sports betting.
In New Jersey, bettors can choose from a number of different online sportsbooks including DraftKings, BetMGM, SugarHouse, FanDuel, PointsBet and WynnBET.