NJ sportsbooks break handle and revenue records in September

September proved to be New Jersey’s best month for sports betting to date.

According to figures from the New Jersey Division of Gaming Enforcement (NJDGE), sportsbooks in New Jersey processed $445.6m in bets in September, smashing the $183.9m wagered in September 2018.

Of the state’s total betting handle, $374.2m, or 84%, was wagered via online betting sites and mobile betting apps. These figures once again reflect the importance of an online and mobile sports betting component in a sports betting market.

New Jersey sports betting revenue also climbed to $37.9m in September, up from the $24m generated this time last year.

Looking closer at the figures

Breaking down the figures, Meadowlands Racetrack and the companies that operate under its license, FanDuel Sportsbook and PointsBet dominated the state’s sports betting market after generating a combined revenue of $16.9m in September.

Resorts Digital, which is partnered with The Stars Group’s Fox Bet platform and DraftKings Sportsbook, managed to generate $10.7m in revenue from sports betting operations.

Monmouth Park, which works with William Hill, had the third-highest revenue figures after the sportsbook held onto $3.4m. William Hill operations at Ocean Resort, another of William Hill’s New Jersey partners, managed to generate $3.1m.

For the year to date, bettors in the Garden state have bet $2.97bn on sporting events, $2.44bn of this was wagered online.

Sports betting in New Jersey

Since the launch of sports betting in New Jersey last year, the market has seen considerable growth.

The Garden State is currently home to 15 online and mobile sportsbooks, with several more set to enter the market in the coming months

New Jersey’s market has also managed to outpace Nevada’s betting market for two consecutive months.

New Jersey’s success can be attributed to the openness of the state’s betting market. Although both New Jersey and Nevada have mobile sports betting, Nevada regulations require bettors to register their accounts in person at a physical casino sportsbook. New Jersey, on the other hand, allows bettors to create accounts remotely from anywhere within the state, making it much more convenient to sign up and bet.

For an in-depth look at each state’s sports betting statistics visit the BettingUS stats page.

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