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New Jersey sports betting handle passes $900m in November

| By Richard Mulligan
New Jersey became the first US state to generate more than $900m in sports betting handle in a calendar month during November.

Total sports wagering handle hit $931.6m during the period according to figures published by the New Jersey Division of Gaming Enforcement (NJDGE).

That figure was up 16.0% compared to October 2020 and 65.7% higher than November 2019. The New Jersey figure dwarfs Nevada’s $659.9m record handle generated in October 2020.

$872.1m of November’s handle came from online, with $60.0m from retail.

Football attracted a record $433.3m in bets, which was up from $278.9m in October. Despite the record handle, it was a quieter November sports schedule than usual with the National Hockey League (NHL) and National Basketball Association (NBA) dormant and fewer college basketball games than usual.

November’s takings mean that New Jersey also became the first state to see more than $5bn wagered during a calendar year. That figure is $1bn higher than the handle generated by November 2019.

Sports wagering gross revenue was $50.6m for the month, down slightly on October but well up on the $32.9m reported for November 2019.

For the year to date, betting revenue stands at $332.1m, up 23.0% on the year-to-date figure for October 2019.

Read the full story on iGB North America.

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