NJ Beats National Sports Betting Record – NBC New York

What to Know

  • New Jersey has beat its personal nationwide sports activities betting report for the very best quantity or bets in a month- $1.3 billion value.
  • The earlier report was $1.01 billion that 9 casinos and three horse tracks in Atlantic Metropolis had collected.
  • Greater than half the sports activities betting income made in New Jersey in October was finished on the Meadowlands Racetrack.

New Jersey’s red-hot sports activities betting business smashed its personal nationwide report in October for the very best quantity of bets taken in a single month, topping $1.3 billion.

That determine simply surpassed the $1.01 billion value of bets that Atlantic Metropolis’s 9 casinos and the three horse tracks that supply sports activities betting took in September.

And it additionally emphasizes simply how a lot is at stake in a looming cross-border warfare for sports activities betting {dollars} as soon as New York state gives cellular sports activities betting. Earlier this month, New York selected distributors to supply cellular sports activities betting with the purpose of getting it up and operating earlier than the Tremendous Bowl in February.

Practically $1.2 billion of the $1.3 billion New Jersey shops dealt with in October was wagered on-line.

Over the primary 10 months of this yr, New Jersey has taken in almost $8.5 billion value of sports activities bets.

Figures launched Wednesday by the New Jersey Division of Gaming Enforcement present the casinos and tracks collectively received over $448 million in October, together with in-person playing, web playing and sports activities betting. That represents a rise of almost 33% from October 2020.

Web playing accounted for $127 million, up virtually 36% from a yr in the past, and sports activities betting income — after profitable bets had been paid out and different bills accounted for — was $84.1 million, up almost 44% from final October.

“Atlantic City has effectively extended its momentum from the summer into the fall season,” stated James Plousis, chairman of the New Jersey On line casino Management Fee. “Five casino-hotels surpassed their brick and mortar results from October 2019 and the other four were within striking distance. All of the operators have the tools that are needed to successfully compete in this market.”

Greater than half the sports activities betting income made in New Jersey in October was finished on the Meadowlands Racetrack in east Rutherford, simply exterior New York Metropolis. It received over $44 million for the month, simply outpacing Freehold Raceway (just below $7 million) and Monmouth Park in Oceanport close to the Jersey Shore ($4.5 million).

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