New Jersey smashes betting handle record with $1.30bn in October

| By Robert Fletcher
Sports betting revenue hit an all-time high in New Jersey during October as players spent a record $1.30bn (£963.4m/€1.15bn) wagering on sports, while online casino revenue in the state also reached a new monthly high.

Total gambling revenue for the month amounted to $448.7m, up 32.7% from $338.1m in the same month last year, but slightly lower than the $453.6m generated in September of this year.

Sports wagering revenue for the month reached $84.2m, an increase of 43.8% on last year and a new record for the state.

Player staking stood at $1.30bn, another record for New Jersey and the highest monthly total of any regulated state in the US since the repeal of PASPA. A total of $1.18bn was placed through online sportsbooks, while the remaining $124.2m wagered at retail facilities.

Read the full story on iGB North America.

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