New Jersey continues to shatter monthly national records for sports betting handle for the third time in a row in October with over $803 million.
This figure is up more than $50 million from the state's previous highest in September when it reported $748.5 million. New Jersey's August handle of $667.9 million was also a national record. Before this, the previous national best was $614 million set by Nevada in November 2019.
According to the figures released by the New Jersey Division of Gaming Enforcement (DGE) on Friday, Atlantic City casinos and the three-horse tracks that offer sports betting collectively took in $803,096,172. The DGE figures also disclosed that the Garden State's online casinos and poker rooms generated combined revenue of $93.45 million in October. This is more than double the figure reported in October 2019 and almost $6 million higher than New Jersey's previous monthly best set this August.
NJ Sports Betting Handle Cruises Past $800 Million In Bets In October. There is a NJ sports betting trend, and there are no signs of it slowing down. The trend we are referencing is the amount of money being wagered on a monthly basis, with the latest all-time high being October's $803 million. More than 92% of those wagers were made via mobile apps.
Online Sports Gambling
The October handle took New Jersey sportsbooks past $4 billion in total wagers in 2020; the previous year's total was $4.6 billion. The month also turned $58.5 million in revenues, which was good for a 7.2% hold, reflecting an increase of 26% year-on-year. Around 93% of the handle was betonline.
Online Betting Continues to Dominate
New Jersey: monthly sports betting handle 2018-2020 Published by S. Lock, Nov 2, 2020 Land-based sports betting has been legal in the U.S. State of New Jersey since June 11, 2018. This means it is. Every month the Division of Gaming Enforcement releases the previous month's legal sports betting handle and revenue. 'Handle' refers to the total amount wagered, while 'revenue' is what's left over after the winning tickets are paid out. New Jersey taxes online sports betting at 13% and retail sports betting at 8.5%. Indiana sportsbooks were able to collect $250,872,627 in total handle for the month of November. Football attributed for nearly half of the total Indiana sports betting handle for the month. New Jersey led the August betting handle rankings, with total handle of $668m, a 127.5% year-on-year increase. This was also the most sports betting handle ever taken in by a single state in one month. The Garden State's revenue share was the largest in the country for the month at $39.5m, a jump of 56.5% from August 2019.
October's internet casino revenue was just under $91 million, representing a 108.7% year-on-year improvement. Besides, onlinepoker suggested a 53.5% increase to $2.5 million.
There was still a slight increase in sports betting at land-based establishments, as the total sports betting revenue at the casinos and tracks also increased by 15% in October to $338 million. Yet, gambling at the nine casinos fell 8% to $186.1 million in October. However, as has been stated, most of these gains were extracted from online gambling and sports betting.
While comparing this October with the same period last year, chairman of New Jersey Casino Control Commission James Plousis said, 'Casino wins was 92% of last October's performance'. Casino annecy roulette casino. However, he added the two years are not reasonably comparable, alluding to the coronavirus taking center stage throughout this year. 'During this time, Atlantic City continues to reflect resilience in the face of necessary and ongoing restrictions on capacity, amenities, and entertainment.'
Currently, the New Jersey casinos are observing 25% capacity rules under state-imposed restrictions aimed at controlling the spread of the virus. Additionally, online gambling revenue more than doubled in October as more gamblers feel safe while place online bets from the comforts of their homes amid the second wave of the virus. Of the combined sports betting handle of $803.1 million, all but $59.2 million was wagered online.
Football Top Sport, FanDuel Top Sportsbook
Almost $279 million, 35% of the total handle, was bet on football games in October. Sportsbooks made $11.3 million on those wagers, good for a 4% hold. However, the football numbers don't include parlays, where another $171.5 million was wagered. Sportsbooks made $19.1 million on parlays at an 11% hold rate.
'Tonight, our iconic Wrest Point tower will be lit blue as a beacon of hope and solidarity. 'We do this for our team, for the 38,000 Tasmanian tourism and hospitality workers impacted by yesterday's shut down and for our community.
According to the figures released by the New Jersey Division of Gaming Enforcement (DGE) on Friday, Atlantic City casinos and the three-horse tracks that offer sports betting collectively took in $803,096,172. The DGE figures also disclosed that the Garden State's online casinos and poker rooms generated combined revenue of $93.45 million in October. This is more than double the figure reported in October 2019 and almost $6 million higher than New Jersey's previous monthly best set this August.
NJ Sports Betting Handle Cruises Past $800 Million In Bets In October. There is a NJ sports betting trend, and there are no signs of it slowing down. The trend we are referencing is the amount of money being wagered on a monthly basis, with the latest all-time high being October's $803 million. More than 92% of those wagers were made via mobile apps.
Online Sports Gambling
The October handle took New Jersey sportsbooks past $4 billion in total wagers in 2020; the previous year's total was $4.6 billion. The month also turned $58.5 million in revenues, which was good for a 7.2% hold, reflecting an increase of 26% year-on-year. Around 93% of the handle was betonline.
Online Betting Continues to Dominate
New Jersey: monthly sports betting handle 2018-2020 Published by S. Lock, Nov 2, 2020 Land-based sports betting has been legal in the U.S. State of New Jersey since June 11, 2018. This means it is. Every month the Division of Gaming Enforcement releases the previous month's legal sports betting handle and revenue. 'Handle' refers to the total amount wagered, while 'revenue' is what's left over after the winning tickets are paid out. New Jersey taxes online sports betting at 13% and retail sports betting at 8.5%. Indiana sportsbooks were able to collect $250,872,627 in total handle for the month of November. Football attributed for nearly half of the total Indiana sports betting handle for the month. New Jersey led the August betting handle rankings, with total handle of $668m, a 127.5% year-on-year increase. This was also the most sports betting handle ever taken in by a single state in one month. The Garden State's revenue share was the largest in the country for the month at $39.5m, a jump of 56.5% from August 2019.
October's internet casino revenue was just under $91 million, representing a 108.7% year-on-year improvement. Besides, onlinepoker suggested a 53.5% increase to $2.5 million.
There was still a slight increase in sports betting at land-based establishments, as the total sports betting revenue at the casinos and tracks also increased by 15% in October to $338 million. Yet, gambling at the nine casinos fell 8% to $186.1 million in October. However, as has been stated, most of these gains were extracted from online gambling and sports betting.
While comparing this October with the same period last year, chairman of New Jersey Casino Control Commission James Plousis said, 'Casino wins was 92% of last October's performance'. Casino annecy roulette casino. However, he added the two years are not reasonably comparable, alluding to the coronavirus taking center stage throughout this year. 'During this time, Atlantic City continues to reflect resilience in the face of necessary and ongoing restrictions on capacity, amenities, and entertainment.'
Currently, the New Jersey casinos are observing 25% capacity rules under state-imposed restrictions aimed at controlling the spread of the virus. Additionally, online gambling revenue more than doubled in October as more gamblers feel safe while place online bets from the comforts of their homes amid the second wave of the virus. Of the combined sports betting handle of $803.1 million, all but $59.2 million was wagered online.
Football Top Sport, FanDuel Top Sportsbook
Almost $279 million, 35% of the total handle, was bet on football games in October. Sportsbooks made $11.3 million on those wagers, good for a 4% hold. However, the football numbers don't include parlays, where another $171.5 million was wagered. Sportsbooks made $19.1 million on parlays at an 11% hold rate.
'Tonight, our iconic Wrest Point tower will be lit blue as a beacon of hope and solidarity. 'We do this for our team, for the 38,000 Tasmanian tourism and hospitality workers impacted by yesterday's shut down and for our community.
Once again, Meadowlands, partnered with FanDuel and PointsBet, retaining the top spot in the leading sports betting market in the US with just under $30 million in revenue. The second spot was claimed by Resorts Digital and its two partners, DraftKings and Fox Bet, with a revenue of $14.6 million. It was a huge comeback for the Resorts license compared to last month's performance with a mere $4.8 million in revenues.
BetMGM and land-based Borgata combo was a distant third with $4.3 million.
Best Sports Gambling Sites
The Garden State's betting market could get a further jump if it eases restrictions on college sports betting. Existing rules ban local bookmakers from taking bets on games involving state schools. However, the last week saw a New Jersey Senate committee authorize a measure that would permit such activity.
