$184m wagered on sports in New Jersey in September

The New Jersey Division of Gaming Enforcement (DGE) has reported that in September $183.9m was wagered on sports.

The amount wagered in September is almost double the $95m wagered on sports in August.

David Rebuck, Director of the DGE said: “Driven by the explosive growth in sports wagering and continuing improvements in internet gaming and brick-and-mortar casino win results, the gaming industry produced another month of superb revenue increases. The revenue results point to a strong finish for New Jersey’s gaming industry in 2018.”

Breaking down the total betting handle, $79m in bets were placed at physical sportsbooks whereas $104.8m were placed online.

New Jersey sportsbooks reported a combined revenue of $24m from sports betting.

Physical sportsbooks generated $11.3m in revenue while online platforms generated $12.5m in revenue.

The DraftKings Sportsbook at Resorts in Atlantic City, generated $8.5m in revenue across online and physical operations, making this sportsbook the highest earner in the state.

The FanDuel Sportsbook at Meadowlands reported $7.2m in revenue across online and physical operations.

The state of New Jersey received $2.6m in tax revenue from sports betting alone.

The DGE also reported that football was one of the most popular sports to bet on with a handle of $90m for completed events.

The increase in the amount of money wagered on sports can be attributed to the start of the NFL season, which began in September.

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