N.J. has its first $1 billion month in sports betting
ATLANTIC CITY, N.J. – New Jersey’s sports betting industry became the first in the United States to take in more than $1 billion worth of bets in a month, in September, as football season sent more gamblers to sports books and, crucially, their phones, according to figures released Monday.
Figures from the New Jersey Division of Gaming Enforcement showed Atlantic City’s nine casinos and the three racetracks that take sports bets collectively took $1.01 billion worth of wagers on sports last month, setting a new monthly record for the state and the nation.
Of that total, known as the “handle,” more than $82 million was kept by the casinos and tracks as revenue after winning bets and other expenses were paid. The Meadowlands Racetrack in East Rutherford, near New York City, accounted for half that total.
“New Jersey has always been a strong gaming market,’ said Casey Clark, senior vice president of the American Gaming Association, the casino industry’s national trade group. “Crossing the $1 billion handle mark in September is an impressive indicator of the appetite of New Jerseyans and Americans across the country who have embraced legal, regulated sports betting.”
September was a good month for New Jersey’s gambling industry overall, with total casino, internet and sports betting revenue up more than 40% from a year ago, to $453.5 million.
New Jersey won a U.S. Supreme Court case in 2018 clearing the way for all 50 states to offer legal sports betting, and more than half the country now allows it.
Since then, New Jersey has been near or at the top of the nationwide sports betting industry.