New Jersey Sports Betting Nears $1 Billion in November
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.