New Jersey Sports Betting Nears $1 Billion in November

Sports Betting

The New Jersey Division of Gaming enforcement has released their handle for the month of November posting an all time high for the fourth month in a row.

New Jersey’s sportsbooks generated $931 million in wagers in November, according to official data released Monday, breaking the previous record of $803.1 million set in October and marking the fourth consecutive month the state has set an all-jurisdiction record for handle. November’s bets produced $6.2 million in state taxes on $50.6 million in revenue.

November’s handle rose 65.6% from $562.7 million in November 2019, which was then a state record. And revenue was up 53.7% over $32.9 million in November 2019.

Outside of Nevada, New Jersey is by far the state that has accrued the highest total amount of sports betting since launch with $10,850,873,475 being wagered in the state since legalization began in June, 2018. Other states that have accrued high total handle numbers are Pennsylvania with $4,048,118,487, Indiana with $1,892,156,777, and Mississippi with $780,346,716.

Online betting generated 93.6%, or $872.1 million, of the state’s total handle, which was up from 92.6% in October. FanDuel & PointsBet topped online operators with $21.2 million in gross revenue.