New Jersey Sportsbetting Numbers Hit $184 Million

Sportsbetting in New Jersey continues to blossom, as punters wagered just under $184 million on sports in the month of September.

The numbers come as the NFL football season came into full swing, and nearly doubled the $95.4 million brought in the month prior. Online sportsbetting saw $105 million wagered, with the state's land-based casinos and racetracks seeing $79 million wagered. The revenues brought in by the betting companies was $24 million, which was up from $9.2 million the month prior.

The highest grossing sportsbetting operation for the month was Resorts Digital and DraftKings, which had numbers reaching $8.5 million. The Meadowlands Racetrack and FanDuel were second with $7.2 million in revenues.

The numbers come as the new Hard Rock on the Atlantic City Boardwalk announced that it was working with Gaming Innovation Group to develop a new sportsbook. New Jersey is without a doubt the most profitable state to legalize sportsbetting thus far, proving that a regulated market can offer safeguards as well as bring in revenues for businesses.

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bgsharpe
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19 October 2018 - 3:30pm
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I guess NJ will be at the top of the list when it comes to sportsbetting for a good number of time ahead too, at least till some of the largely populated states regulating the activity, and probably the growth would continue at least to the Super Bowl game.