- Last month, NJ set a new sports betting income record of $ 114.8 million
- The NBA was the most popular betting choice for New Jersey players in November
- Mobile betting was the most popular choice for bettors in NJ
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Last month, NJ set a new sports betting income record of $ 114.8 million
The Garden State has one of the “oldest” US legal sports betting markets outside of Vegas, with New Jersey’s sports gambling scene starting in 2018 shortly after the Supreme Court overturned PASPA, now setting an unprecedented revenue record in November.
Last month, New Jersey players generated $ 114.8 million in sports betting revenue, becoming the first state to surpass the $ 100 million mark in operator revenue in a single month, a sign that the Sports betting market in this state continues to grow.
The record revenue comes from a handful of $ 1.26 billion in November, which itself nearly surpassed the country’s record of $ 1.3 billion on a month, which the sports betting market of New Jersey established in October.
Just a year ago, in the midst of the global pandemic, New Jersey’s sports betting revenue in November 2020 was just $ 50.6 million, with the latest record figures representing a 125% increase from that. which was already a lucrative market.
Professional sport, in particular, was a favorite for New Jersey punters last month.
The NBA was the most popular betting choice for New Jersey players in November
Currently, New Jersey has four major professional sports league teams playing in the state, with a single team identifying itself as state-only:
- New Jersey Devils – National Hockey League (NHL)
- New York Red Bulls – Major League Soccer (MLS)
- New York Jets – National Football League (NFL)
- New York Giants – National Football League (NFL)
The Brooklyn Nets were once the New Jersey Nets and that could be one of the many reasons the NBA was the most popular betting choice for New Jersey sports bettors in November, a first, followed by football and then the baseball.
Now, no other state accepts more betting on sports events than New Jersey, and that even includes Nevada, essentially making Garden State the sports betting capital of the United States, at least until the New York market has reached its full potential.
One thing is certain, in New Jersey and elsewhere, online betting rules.
Mobile betting was the most popular choice for bettors in NJ
The ease of use makes online gambling a favorite with most punters, and in New Jersey it was the most popular choice for placing bets in November.
Mobile betting accounted for 90.9% of New Jersey’s overall market share in November with $ 1.1 billion in bets in that month, totals that exceeded those in November 2020 by almost a third. but were down 3% from October, when Jersey took in $ 1.2 billion. in online betting.
It’s unclear how much that New Jersey sports betting income stream will fluctuate, especially once New York becomes a worthy contender for those same bets, but as sports fans around the world begin to recover from their financial woes. related to the pandemic, expect more and more of them to place bets on their favorite teams to win.