New Jersey sports betting handle hits all-time high of $930m in November

New Jersey sportsbooks processed a record $931.6m in sports bets in November, an all-time high for handle in any state.

According to the latest figures from the New Jersey Division of Gaming Enforcement (NJDGE), bettors in the Garden State wagered a record $931.6m on sports in November.

This figure was up 16% from the $803m wagered in October and 65.7% higher than the $562.7m wagered this time last year.

Online and mobile betting accounted for $872.1m of the state’s total handle in November while land-based contributed $60m to the monthly total.

In terms of revenue, sportsbooks in the state managed to generate $50.6m in November. This was down from the $58.5 generated last month and up from the $29.4m generated this time last year.

With November’s handle, New Jersey sports betting handle has passed the $5bn mark for the year.

Breaking down the figures

Meadowlands and its sports betting partners, FanDuel and PointsBet, continued to lead the market with $24.8m in revenue from sports betting.

Resorts Digital, which hosts the DraftKings and Fox Bet sportsbooks, took second place in November after generating $14.6m in revenue.

The Ocean Casino and its sports betting partner William Hill took third place with $3.6m in revenue. Borgata and its BetMGM sportsbook followed close behind with $2.2m in betting revenue.

Football is still the favourite sport to bet on

Football bets accounted for $433.3m of the state’s completed-event handle in November, making football the most popular sport to bet on in November. 

The “other” sports category, which covers all sports except football, baseball, basketball and parlays, accounted for $221.5m of the state’s completed event handle.

Bettors wagered $194.3m on Parlays, $88.5m on basketball and $1.2m on baseball events.

New Jersey sets a new record

November marks the fourth consecutive month where New Jersey has set a new sports betting handle record. 

November’s figures are up 16% on the $803.1m wagered in October, 24.4% on September’s $748.6m and 39.4% on the $668m wagered in August.

The latest figures from New Jersey dwarf Nevada’s $659.9m record handle from October.

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