For the third month in a row New Jersey has recorded over $1 billion bet on sports.<\/p>\n
The Garden State reported $1.26 billion in total sports betting handle for the month of November, just barely off the record setting number of $1.3 billion it set in October, according to the New Jersey Division of Gaming Enforcement.<\/p>\n
Its the third time New Jersey has eclipsed $1 billion in sports betting handle in a single month.<\/p>\n
New Jerseys success could be a harbinger of things to come for New York online sports betting, which will likely launch in early January 2022.<\/p>\n
Its worth noting of the $1.26 billion in total handle that $1.14 billion was bet online.<\/p>\n
Total gaming revenue in New Jersey for November was $439.6 million compared with $288.9 million in November 2020.<\/p>\n
Of the $439.6 million total, sports wagering gross revenue was $114.8 million, the highest total in the states history.<\/p>\n
All casinos and racetracks in the state reported positive sports wagering revenue figures for November.<\/p>\n
The Meadowlands Racetrack posted yet again the highest state sports betting revenue total, reporting $64.4 million in November.<\/p>\n
Three straight months with over $1 billion bet in New Jersey, but should the Garden State be worried when New York online sports betting launches in 2022?<\/p>\n
An industry study has from Eilers & Krejcik Gaming inFebruary 2020estimated New Yorkers wagered$837 millioninNew Jersey in 2019.<\/p>\n
If New Yorks online betting program is successful, it can be expected that the majority of these state boundary jumpers would remain in the state for the sake of convenience.<\/p>\n
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New Jersey Sports Betting Notches Another Month With A Billion Bet - Elite Sports NY<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" For the third month in a row New Jersey has recorded over $1 billion bet on sports. The Garden State reported $1.26 billion in total sports betting handle for the month of November, just barely off the record setting number of $1.3 billion it set in October, according to the New Jersey Division of Gaming Enforcement. Its the third time New Jersey has eclipsed $1 billion in sports betting handle in a single month Continue reading