New Jersey wagered a record $330m on sports in November

Sportsbooks in the state of New Jersey took over $330m in sports wagers for the month of November, setting a record for the state.

The state’s sportsbooks held onto $21m out of the $330m that was wagered across the state, a significant improvement compared to October’s revenue of $11.7m.

In terms of tax revenue, the state saw $2.45m from sports betting in November.

When it comes to operators in the state, DraftKings and FanDuel continue to dominate the landscape.

The DraftKings and BetStars platforms at Resorts Atlantic City (Resorts Digital) reported revenues of $7.1m, while the physical sportsbook at Resorts generated $158,332.

The FanDuel sportsbook at Meadowlands reported a total revenue of $7m. Over $4.4m came from the online sportsbook platform while retail operations generated $2.6m.

When combined, the revenue generated by DraftKings and FanDuel accounts for about two-thirds of the state’s sports betting revenue.

Sports betting operations at Ocean Resort generated a total of $2.8 while Monmouth Park sports betting operations totalled $2.6m.

The figures show that online sports betting has managed to surpass physical land-based sports betting.

When breaking down the states total sports betting handle, $238.6m was wagered via online sports betting platforms, while on-site wagering totalled $92.1m.

Since the launch of sports betting in New Jersey, the state’s sportsbooks have generated a total revenue of $73.2m.

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