As foretold, online sportsbooks in New Jersey saw a massive spike in wagers since the NFL/NCAA season kicked off in September. In fact, the sports wagering revenue almost tripled since September 1st. Can you imagine what October’s numbers are going to look like? As we all know, we have seen a lot of action this month in sports. For example, football season is in full motion; the NBA season began on October 16th. Not to mention, the Boston Red Sox & Los Angeles Dodgers are in the World Series! So as October plays out, let’s take a look back at September and check out the stats.
Crunching the Online Numbers
First, in August sportsbooks in New Jersey generated $9.2 million in revenue. In fact, as of September 1st, sportsbook only generated $16.5 million since New Jersey legalized sports betting in June. Well, those numbers got shattered in September because sportsbooks racked up $24 million in revenue! That means people wagered $184 million last month on sports. Which, is almost double from the previous month at $95.6 million. Not to mention, in September, people wagered $88.6 million on football alone. So as anyone can see, sports-betting and football go together like peanut butter & jelly! You can’t have one without the other. And when you allow them to be together as New Jersey has, well, you see the rewarding outcome! It’s a win-win for everybody!
Sportsbooks in New Jersey will likely handle over $1 billion next year
In conclusion, sports betting is on the rise in New Jersey! As we revealed, online sports wagering is at an all-time high. Also, physical sportsbooks took in a lot of money too! In fact, as of August 1st, more than $336 million was bet on sports, $126.5 of that came from online wagers alone. So there you have it! $336 million in two months! So, it’s pretty clear that sportsbooks in New Jersey will handle over a billion dollars in its first year! Without a doubt, things are definitely looking up in New Jersey. On that note, we’ll let the numbers do the talking now, and next month we’ll be back to report on the progress. With that said, October’s almost out of here, so stay tuned for the next episode.