New Jersey sports betting handle hits record $1.3bn in October

That figure surpassed the $1.01bn the state took last month when it became the first state to pass $1bn in bets in one month.

US.- New Jersey handled a record $1.3bn in sports wagers in October according to the state’s Division of Gaming Enforcement, strengthening its position as the biggest sports betting market in the country,

The figure is 30 per cent higher than the $1.01bn the state took in September when it became the first state in the U.S. to pass the $1bn mark. The previous US record set by the state had been in December 2020. Nearly $1.2bn of the $1.3bn New Jersey outlets handled in October was bet online.

Casinos and tracks won over $448m from in-person gambling, Internet gambling, and sports betting, up 33 per cent from October 2020. Internet gambling generated $127m, up almost 36 per cent from 2020. Sports betting revenue was $84.1m, up nearly 44 per cent from the same period last year.

More than half the sports betting revenue came from the Meadowlands Racetrack in East Rutherford, which won over $44m. New Jersey raked in $45.8m in gaming taxes in October. In September it recorded $46m.

See also: Joe Lupo to become the president of the Casino Association of New Jersey