This story was published more than 4 years ago.
The state of New Jersey has set another sportsbetting revenue record in October, with $46.4 million in revenues generated on a handle of $487.9 million in wagers placed.
The previous high for sportsbetting revenues was $37.9 million, which was recorded the month prior. The number is up 297.8% from the $11.7 million recorded in October of 2018. The $487.9 million in wagers was up 87.14% from the $260.7 million recorded last year.
Most of the wagers were placed online, with $417 million of the handle covered online. Land-based handle came in at $71 million.
No comment from DGE officials was given for the performance.
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Comments
That's more than a steady growth I think, we know there's some traditions in the NJ sportsbetting market apart from most of the rest US states but apparently there's still margin for development there as well.