The state of New Jersey is surpassing all records and has become the fastest-growing market in the U.S.
Last Thursday, the NJ Division of Gaming Enforcement released figures of $748M for the month of September, with sports bettors finally able to place wagers on football matches through the COVID period.
The amount of gambling income was almost $100Mhigher than that of the previous month, which had already set a record. The$748M came from 9 Atlantic City casinos and 3 horse racing tracks collectively, where sports betting is handled. The highest amount ever made on sports betting prior to these past two months had come from the state of Nevada back in November 2019, with a far lower recorded amount of $614M.
It’s hardly surprising that sports betting for2020 has already reached $3.3B coming from casinos and racetracks in New Jersey alone. Now that all 50 states in the U.S. can legally offer sports betting after New Jersey won a 2018 court case, they are now the dominant force on the East Coast and hot on the heels of Nevada as the country’s top state.