When you sign-up through links on our site, we may earn an affiliate commission. Learn more >

New Jersey Sports Betting Handle Sets Record for Third Straight Month - $803,096,172 Handle

New Jersey Sports Betting Sets Record
  • The latest handle out of New Jersey comes on the heels of two months of record-setting handles with both August and September setting new all-time highs.
  • New Jersey enjoys a position of prominence in the sports betting world as it was the first state to legalize the activity, meaning that the sports betting market there is among the most mature in the nation.

With no glass ceiling in sight, New Jersey continues its unprecedented rise with yet another shattering revenue report for October. The last two months saw New Jersey’s sports betting handle set another record for the USA, something that we are coming to expect every month as sports betting becomes more and more available across the nation.

Why is Everyone Watching New Jersey?

Many other states are watching New Jersey’s handle figures every month as a temperature test for the industry as a whole. New Jersey’s princeps status was firmly solidified after the Supreme Court sided with the State in 2017 to repeal the Professional and Amateur Sports Protection Act (PASPA). This legal decision opened up the states to decide for themselves whether or not to legalize sports betting.

Having been the lynchpin state in this decision meant that NJ was first to implement the newly legalized activity (outside of the Nevada sports betting of course).

New Jersey Always in the Vanguard

Since the repeal of PASPA market watchers and fellow state legislatures around the country have been watching the handle figures out of NJ as pressures are building in their home states for likewise legislation, and who can blame them? In September, NJ sportsbooks were taxed $5.6 million, money that would otherwise never have entered the state coffers, money that was likely destined to go overseas to illegal offshore sportsbooks had there not been legal in-state options available. This is a common enough argument for lobbyists interested in similar sports betting legislation, and with handle figures like this most recent one, who can blame them?

This month marks the third straight month in a row that the total handle has set a new record and comes on the heels of the November elections when three separate states passed ballot measures to call for legal sports betting.

Month Total Handle Percentage Change From the Previous Month
November 2019 $562,675,543 +15.32
December 2019 $557,786,161 –0.87
January 2020 $540,113,452 -3.17%
February 2020 $494,813,807 -8.39%
March 2020 $181,908,529 -63.24%
April 2020 $54,593,092 -69.99%
May 2020 $117,821,281 +115.82%
June 2020 $165,014,553 +40.05%
July 2020 $315,118,805 +90.96%
August $667,979,150 +111.97%
September $748,588,349 +12.07%
October $803,096,172 +7.28 %
We've been featured on:
espn logo
reuters logo
cbs-news logo
forbes logo
entrepreneur logo
entrepreneur logo
We only list licensed sportsbooks

© Rebel Penguin ApS 2024 (a subsidiary of Gaming Innovation Group Inc.)

We support responsible gambling. 21+ Only. Gambling problem? Call 1-800-Gambler.

WSN.com is run by iGaming Cloud Inc (a Gaming Innovation Group Subsidiary) and is registered with the New Jersey Division of Gaming Enforcement (DGE) under affiliate vendor ID 89744, with the Indiana Gaming Commission (IGC) under certificate of registration number SWR-000148, approved by the Pennsylvania Gaming Control Board as a gaming service provider, under certificate registration number 117656-1, possesses a Vendor Minor sports betting license from the Colorado Limited Gaming Control Commission (account number 94414163), granted a vendor registration number VR007603-20-001 by the Michigan Gaming Control Board, an interim Sports Wagering Supplier license, under license number SWS 066, issued by the West Virginia Lottery Commission, a sports betting vendor registration, under registration number #100400, issued by the Director of Gaming Licensing and Investigations of the Virginia Lottery to operate in the State of Virginia, and a Vendor Registration issued by the Sports Wagering Committee of the Tennessee Education Lottery Corporation.

Advertising disclosure: WSN contains links to online retailers on its website. When people click on our affiliate links and make purchases, WSN earns a commission from our partners, including ESPN and various sportsbooks.