Jackpot! NJ Becomes First State To Take $1 Billion In Bets In Single Month

NEW JERSEY — New Jersey's sports betting industry became the first in the country to surpass $1 billion in sports bets in a single month, according to figures released Monday.

Per the New Jersey Division of Gaming Enforcement, $1.01 billion was bet in September with the state's licensed sportsbooks, breaking the previous high of $996.3 million wagered in December 2020.

Out of the $1.01 billion, the state’s nine casinos and three race tracks kept $82 million as revenue after winning bets and other expenses were paid.

Incredible news: We just became the first state in the nation to take in more than $1 billion in sports bets in a single month.

New Jersey is the nation's sports betting capital – shattering records, creating jobs, and boosting our economy.
https://t.co/Tykw0nhh6p
— Governor Phil Murphy (@GovMurphy) October 19, 2021

In September, the state saw an average of nearly $34 million being bet every day across 20 mobile sportsbooks as football season was beginning.

Due to the lack of legal online betting options in New York, New Jersey's casinos and race tracks often attract out-of-state residents looking to place their wagers.

“New Jersey has always been a strong gaming market," Casey Clark, senior vice president of the American Gaming Association, told the Associated Press. "Crossing the $1 billion handle mark in September is an impressive indicator of the appetite of New Jerseyans and Americans across the country who have embraced legal, regulated sports betting.”

The state started taking bets in June 2018 after the U.S. Supreme Court ruled 7-2 that the federal ban on sports gambling is unconstitutional, opening the door for New Jersey to finally allow sports betting after nearly a decade of trying.

In its first full month — July 2018 — the state pulled in $40 million.

Since then, New Jersey has continued to break records in the sports betting industry. The previous national record set in December 2020 for the most money bet on sports in a single month also came from New Jersey.

So far this year, New Jersey sportsbooks have taken in over $7 billion worth of bets.

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