New Jersey Boasts New Monthly Sports Betting Wagers Record at $445 Million

New Jersey gamblers wagered a local record-smashing total of $445 million on sports for September.

The new total is the highest seen by the state since New Jersey sports betting was legalized in June 2018.

Nevada and New Jersey were in fierce competition over the past few months for the claim of national leader in the rapidly growing sports betting market.

While the new $445 million total brings New Jersey closer to taking that unofficial title from Nevada, the latter still holds the national record of nearly $600 million (March 2019).

Atlantic City’s casinos saw a 3.2% drop in their on-premises tables and slot games – which comprise their core business.

Fortunately, New Jersey’s state Division of Gaming Enforcement said the casinos were still able to make almost $38 million for the month, once expenses and winning wagers were paid.

The total is largely thanks to NFL and college football seasons starting. And online bets account for $41.1 million, a nearly 60% increase compared to September 2018.

However, despite a combined increase of 4.1% for the 9 casinos in Atlantic City, 6 of them actually experienced a decline.

James Plousis, the New Jersey Casino Control Commission chairmen, said:

“While operators continue to face strong competition for gaming and leisure customers, the increase in total gambling revenue shows the industry has grown for the betterment of both Atlantic City and New Jersey as a whole.”

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