New Jersey Sports Betting Surges More than 90% in September to $184m

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Oct 22, 2018 05:14 PM EDT
NHL betting selection in Sport NJ
NHL betting selection in Sport NJ"

New Jersey online gambling

Online gambling has also become very popular in the state. Five different online platforms are available. Their revenues surged by 26% for September, nearly hittingthe $26m.

New Jersey is second to Nevada in sports betting. Nevada reached $247m (£187m) worth of sports wagers during August, so New Jersey still has some room to catch up. The other states now that offers sports betting are Mississippi, West Virginia, and Delaware.

Numerous other states have passed sports betting bills but have yet to open any sportsbooks. In August, Mississippi saw nearly $10m (£7.6m) in sports betting revenues as it was just started to grow. West Virginia took in around $5m (3.8m) from sports betting during August.

You can currenlty make some betting at NHL betting selection in Sport NJ.

Breakdown of New Jersey sports betting

The opening of the football season was a boost for further growth in New Jersey's sports betting revenues. Since June, $94m (£71.3m) has been bet on football and nearly $119m (£90m) on baseball. Parlay bets, in which multiple contests are combined in a single bet, has accounted for nearly $36m (£27.3m).

It is clear that sports bettors like to place bets form the comfort of their own place rather than traveling to a casino to do so. So far, $210m (£159m) has been wagered through online platforms instead of at a racetrack or a casino. This is out of a whole revenue number of $336m (£255). Numerous notable operators entered the space once New Jersey passed legalization.

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