New Jersey Sets Another Sports Betting Handle Record in January

New Jersey Sets Another Sports Betting Handle Record in January article feature image
Credit:

Chris Pedota-NorthJersey.com/ USA TODAY NETWORK. Pictured: New Jersey Governor Phil Murphy.

  • New Jersey bettors wagered $385 million in January, the most in a single month since the state began taking legal sports bets in the summer.
  • Less than a year since the repeal of PASPA, New Jersey is ahead of the six other states that have legalized sports betting in handle and revenue.

New Jersey saw gamblers bet $385 million in January, a record in the seven full months it has been taking legal sports bets.

The stats from the month, reported Wednesday by the Department of Gaming Enforcement, was buoyed by the NFL. All playoff games but the Super Bowl were included.

Mobile and online gaming continue to take a bigger piece of the pie. Nearly 80% ($305 million) of all bets taken by the state’s operators were taking outside of retail establishments.

Through January, New Jersey has 11 online and 10 brick-and-mortar sportsbooks. Daily fantasy companies DraftKings and FanDuel continue to lead the space online.

DrafKings pulled in nearly $7 million in online revenue in January, while FanDuel reached the $7 million mark including their partnership at the Meadowlands.

Of the seven states that have legalized sports gambling since May, when the Supreme Court repealed of the Professional and Amateur Sports Protection Act of 1992, New Jersey has the most robust business.

In the seven-and-a-half months that the marketplace has been legal within the state, $1.63 billion in bets have been placed.

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