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New Jersey sets sports betting record

New Jersey Sport betting

The state of New Jersey set a national record for the most money bet on sports in August with almost $668 million worth of bets.

They were placed on events, including MLB, NBA, and NHL seasons, all on hold due to the coronavirus pandemic.
The state of Nevada set the previous record in November 2019, with $614 million.

New Jersey’s casinos that offer sports betting benefited from the August surge. They lost millions of dollars over the past few months because of the pandemic, but the state Division of Gaming Enforcement shows that the casinos and tracks won $326.3 million from gamblers in August.

“Recovery is underway, even with continuing travel advisories that decreased visits from out of state,” said James Plousis, chairman of the New Jersey Casino Control Commission.

Not only did New Jersey’s numbers surpass Nevada’s previous high, but the previous New Jersey record of $562 million set in November 2019 was also exceeded with this surprising amount wagered in August.

Casinos reported $39.5 million in revenue, and online gambling brought in $87.7 million, more than twice what it had a year earlier. Mobile accounted for 90.1% of August’s sports betting handle.

Two online brands did great as well in August. Resorts Digital was up over 97%, to $27.9 million, and Caesars Interactive NJ was up almost 87%, to $9.2 million.

New Jersey isn’t the first state to report strong sports betting results from August.

Indiana sports betting handle jumped to $169 million last month, nearly $100 million up from July.

Handle for sports betting in Iowa rose 120.1% to $50.3 millionWV sports betting handle nearly tripled to $46 million.

There’s always a chance this record won’t stand for long. With betting on NFL games back at sportsbooks, September might be even better.

New Jersey sports betting handle hit $445.6 million last September, which was a record for the state at that time. 

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