New Jersey Sports Betting Hits Another All-Time High

New Jersey hit another sports betting record for September. The Garden State brought in $748.6 million in a month when the state saw a full month of MLB, NBA, NFL, and NHL action. The unprecedented sports schedule helped boost revenue and handle numbers across the U.S.

In August, New Jersey sports betting set another record, seeing $668 million bet. Now, the Garden State adds 80.6 million bet in September thanks to all four major sports playing in the same month. The previous U.S. record was $614 million set by Las Vegas in November 2019.

In September 2019, New Jersey saw $445 million bet for the month, and in 2020 alone, the state has seen $3.3 billion bet even with the coronavirus pandemic slowing sports betting down in April and May.

New Jersey by the Numbers

Back to back months, New Jersey broke the all-time betting handle for a single month. They shattered the U.S. record set by Nevada in 2019 and their own state record the month after.

New Jersey is becoming the backbone of American sports betting, and nothing seems to be stopping it anytime soon.

Casinos saw double-digit numbers across the board in September. The Borgata led the way this month with a $64 million handle for September. The Golden Nugget and The Hard Rock combined to hit over $35 million, and Ocean Casino Resort was just under $30 million. The Tropicana saw $26 million wagered themselves.

Online betting is still crushing it in New Jersey. If mobile betting were unavailable, then the Garden State would not see the numbers they have hit in the last few months. New Jersey saw over 90% of the bets be placed online or on mobile devices, $679 million of the $748 million handle.

Overall, in-person gaming is taking a major hit thanks to coronavirus, but online gaming has made up some deficits. With casinos operating at 25% capacity, Atlantic City is looking for ways to boost revenue in different. Mobile sports betting and gaming is one way to do it.

Can New Jersey Keep the Hot Streak?

New Jersey favored from a sports heavy August and September, so it’s tough to say that the betting handle will increase again in October. Still, the numbers should be impressive with playoff baseball and a full month of NFL football. The Garden State also benefited from the NBA Finals in October as well.

Even if the numbers dip in October, there would be no surprise if they stayed over $600 million. Football is king in the U.S., and there will be a full month of NFL and college football to be in October. Even as the sports calendar shifts, the money should still be coming to the Garden State.

New Jersey can also expect online betting numbers to stay the same or increase in October. As the weather gets cooler, there is a chance of the second wave of COVID-19. This will keep casinos and racinos limited in-person and forcing people to bet from home.

Regardless, New Jersey’s numbers show that they are among the best states in sports betting and want to take the crown from Las Vegas.

  
I fell in love with handicapping right away. Sports betting is a lot more enjoyable when going through advanced data to find an edge on a Vegas line. Situational plays is a focus of mine and study stats and data analytics to go along with certain situations to make myself a more well rounded capper. College football and college basketball are my favorite to bet.

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