New Jersey Sports Betting Handle Sets National Record in September

Spread the Word:

The New Jersey sports betting market has set a new national record in September with around $748 million in betting handle.

According to figures released by the New Jersey Division of Gaming Enforcement, Atlantic City’s nine casinos and the three horseracing tracks took in over $748.6 million in handle. The number comfortably surpassed the national record the Garden State set a month ago. Both August and September figures overshadow the national record Nevada boasted in November 2019 with $614 million in handle.

With the new number, the Garden State has improved its last month’s record by 12.1%. Even August’s score was a national record sports betting handle with $668 million. In July, the state recorded $562 million in bets. The addition of college football and NFL season served to push the market to the record number. The September handle is also 68% up from what New Jersey scored in last September with $445.6 million.

Interestingly, more than 90% was bet online in September, with the mobile handle of $678.7 million.

However, revenue could not hit a new record, as it stood the third-highest total for New Jersey since its launch in 2018. After paying off the winnings, the New Jersey operators kept $45 million from its sports betting industry. Still, it was 14% better than what they earned in August, and 19% higher than in the same period last year.

New Jersey Sports Betting in 2020

From January to September, New Jersey casinos and tracks have taken in almost $3.3 billion in sports wagers alone. These numbers eclipse what Atlantic City used to make in a calendar year from casino games before sports betting was regulated.

For the year-to-date, the state’s betting handle is up around 10% from the first nine months of 2019. Besides, revenue climbed 17% to $223 million. Looking at the previous year’s results, it’s likely that the 2020 handle could have topped $800 million in handle with more college football. In 2019, fans wagered over $188 million on football games. The figure dipped to around $159 million in 2020 because several college conferences either delayed or canceled their fall sports seasons.

‘Other’ Claimed the Lion’s Share

Of the $738 million wagered on sporting events in September, the “other” category took the lion’s share with $208.3 million, making up 28.2% of the overall betting activity.

That is likely due to the NHL Playoffs and the Stanley Cup Finals at the end of September. Basketball, too, added roughly $99 million in event handle. In addition, staple baseball had nearly $115 million bet on completed events. However, football accounted for 21.6% of the total, claiming to be the highest-bet single sport.

Related News

Welcome to Iowa sign
November 12, 2020

Iowa Sports Betting Sets Record in October with $80M Handle

Iowa has posted a record-setting month for the sports betting industry in the state in October with more than $80 million in handle. According to the Iowa Racing and Gaming […]

read more
Bronco's football stadium
December 2, 2020

Colorado Sets New Sports Betting Handle Record in October

Colorado sports betting set a new monthly record for the state with a best-ever $210.7 million handle in October since the industry was legalized in May. According to the official […]

read more
Iowa Hawkeyes player
April 11, 2021

Iowa Sets Sports Betting Handle, Revenue Record in March

After a cloudy month, the sun shines on US sports betting as Iowa sets a new monthly record in sports betting handle and revenue. According to the Iowa Racing and […]

read more
October 14, 2020

Iowa Sports Betting Numbers: August & September’s Figures

In August, Iowa sports betting returned to its pre-pandemic trend of witnessing continuous growth in numbers since May 2019. The state saw a great month in August during which residents […]

read more
Indiana Hoosiers helmets
October 23, 2020

Indiana Sports Betting Hits Record $207 Million in September

Indiana sports betting has set a new record, hitting $207.5 million in handle and $14.3 million in revenue in September. The numbers from Indiana and Iowa clearly indicate that the […]

read more
Las Vegas sign
November 3, 2020

Nevada Sports Betting Handle Hits $575M in September

Nevada’s sports betting handle has hit $575 million, its fourth-highest handle ever, in September to set new US sports betting market benchmarks. According to official figures released by the Nevada […]

read more
October 15, 2020

New Jersey Sets A Record-Breaking Sports Betting Handle

The state of New Jersey has recorded an unprecedented boom in sports betting in August, with around a $668 million betting handle. Amid all the adversities including the coronavirus pandemic, […]

read more
NJ State Flag
February 18, 2021

New Jersey Sports Betting Sets National Revenue Record in January

New Jersey sports betting, which narrowly missed the $1 billion mark in handle for the second consecutive month, was consoled by nearly a 25% increase month-over-month in revenue to set […]

read more
New Hampshire map
February 24, 2021

New Hampshire Sets Sports Betting Handle Record in January

New Hampshire sports betting hit another record Tuesday, which saw the state’s sportsbooks amassing $59.8 million in handle this January. According to the figures released by the New Hampshire Lottery, […]

read more
Chicago
November 17, 2020

Illinois Posts September Sports Betting Handle Of $305 Million

Illinois has posted a sports betting handle of nearly $305 million for September, making it the fourth-largest betting state in the US. The top three sports betting leaders in the […]

read more
New Jersey sports betting handle
December 16, 2020

New Jersey Sports Betting Handle Breaks National Record in November

November was the fourth consecutive month to hit a record-breaking national handle of $931.6 million for New Jersey‘s sports betting market. The previous national record that the Garden State posted […]

read more
Colorado flag
October 29, 2020

Colorado Sports Betting Sets a Record with $207M Handle in September

Colorado sports betting welcomed its first September as a regulated market by setting a record with more than $200 million wagered. According to the Colorado Department of Revenue’s Division of […]

read more

Stay Updated & Receive Exclusive Offers

Be the first to know when new states legalize online gambling and gain access to exclusive casino and sports betting promotional offers.