New Jersey tops its own sports betting record

New Jersey's sports betting handle reached $748m in September.
New Jersey's sports betting handle reached $748m in September.

In September, New Jersey broke the nationwide record for the amount spent on sports betting in a month.

US.- New Jersey topped its own record in September, with a handle of more than $748m from the nine Atlantic City casinos and three racetracks that offer sports betting.

The figures released by the New Jersey Division of Gaming Enforcement show September’s handle topped the nationwide monthly sports betting record that New Jersey itself set last month, when bettors in the state wagered $614m.

Out of the $748m taken in wagers, the properties that offer sports betting took $45m once they had paid off winning bets and other expenses.

Internet gambling revenue figures for September continued to surpass 2019 figures, with $87.6m representing a 114 per cent rise from the $4.1m produced in September last year.

The New Jersey gambling industry, including sports betting and casino games, showed a 6.5 per cent year-over-year increase despite the pandemic and the 25 per cent capacity policy.

Chairman of the New Jersey Casino Control Commission, James Plousis, said: “Casino win was 85 per cent of last September’s performance, aided by the reopening of casino restaurants on September 4, and the resumption of food and beverage service on casino floors.

“These results were promising in the midst of continuing travel advisories that decrease visits from out of state, as well as restrictions on capacity, amenities and entertainment that have made 2020 not reasonably comparable to last year.”