Advertisement

New Jersey sports wagering nears $2 billion handle

Sight on monitor with the teletext and betting offer of baseball matchups.

Show. Me. The. Money!

I think that’s what New Jersey is going to change their official state motto to. It’s a little more with the times than “Liberty and Prosperity” anyway.

With just the Super Bowl on the calendar in February, there wasn’t a lot of NFL action to be had in New Jersey sports betting. That didn’t stop the state from reporting a handle of $320,368,087 during February.

That’s down a bit from the $385 million handle in January and revenue dropped to $12.7 million in February compared to January’s $18.7 million. In terms of online action, 80.6 percent of all betting volume came through online and mobile apps. That’s good for $258 million in February, which was down from $305 million in January.

Since June 2018, the handle of sports betting in New Jersey is $1,952,955,469, driving a revenue of $125,670,362.

Anticipate an uptick in March, with March Madness a very lucrative time of the year for the sports wagering world. There are also 14 total New Jersey online sportsbooks in the space.


More Stories

BetMGM named first official betting operator of the LPGA

Looking at BetMGM Sportsbook's deal to become the first official betting operator of the LPGA.

Read the full article

From The Web Ads by Zergnet

Detroit Tigers and BetMGM partner on multi-year deal

The Detroit Tigers announce multi-year partnership with BetMGM Sportsbook

Read the full article

Jim 'Mattress Mack' McIngvale places largest wager, $3.4 million, on Super Bowl 55

Another huge bet has been placed on the Tampa Bay Buccaneers heading into Super Bowl LV

Read the full article
More Sports betting business and industry news