New Jersey Legal Sports Betting

Posted onby admin
  1. New Jersey Legal Sports Betting Tips
  2. New Jersey Sports Betting Bill
  3. New Jersey Legal Sports Betting Odds
  4. New Jersey Online Sports Betting
  5. Sports Betting Legal In New Jersey

A full slate of MLB, NBA and NHL games all August led to a record-setting month for New Jersey sportsbooks.

Handle hit an all-time high $668 million last month, more than double the $315 million bet in July. Revenue was $39.5 million, good for third-best all-time in New Jersey, according to the state report.

That $668 million is the highest monthly total most ever for any state. Nevada held the previous record of $614.1 million set last November.

Legal

Phil Murphy on Monday signed a law that finally authorizes legal sports betting in New Jersey, ending a nearly decade-long saga that included a. Sep 08, 2020 Legal sports betting continues to grow in New Jersey heading into the 2020 NFL season. Fans of the New York Giants, or any other team, can sign-up at BetMGM Sportsbook to get action on their.

Mobile accounted for 90.1% of August’s sports betting handle.

‘Other’ still leads New Jersey sports betting totals

Legal sports betting is live at casinos and racetracks across New Jersey. The state’s first bets were made at 10:33 a.m. June 14, 2018, at a ceremony held at Monmouth Park’s William Hill Race & Sports Bar.And with that, the NJ sports betting market was off and running. New Jersey has won the fight to legalise sports betting in the USA! Sports fans in the state had long agitated for a regulated sports betting industry, with billions of dollars being punted with illegal offshore gambling sites annually, and the Supreme Court’s decision to strike down the Professional and Amateur Sports Protection Act (PASPA) effectively paved the way.

Baseball, which is typically the favorite sport in August with football, basketball and hockey shut down, was not the New Jersey sports betting darling last month.

BettingNew Jersey Legal Sports Betting

The top sports betting category still belonged to “other,” which includes all action from anything that isn’t baseball, basketball, football and parlays. Handle on completed events in the “other” category was $204.9 million for the month.

New Jersey Sports Betting Bill

Along with pandemic-favorite sports like golf, UFC and table tennis, that “other” handle also includes all bets on the NHL.

Baseball wasn’t even the top individual sport. Handle on completed basketball events was $166.2 million in August. Baseball was a close second with $150 million bet on completed events.

Parlay bettors were happy to see major US sports return, too. Handle on those completed events was $144.9 million.

Will September set another record?

There’s always a chance this record won’t stand for long. With betting on NFL games back at sportsbooks, September could be even bigger from a handle perspective.

NJ sports betting handle hit $445.6 million last September, which was a record at that point for the state. Bettors bet $188.6 million on completed football events in September 2019.

What happens to that football number will be interesting either way. On one hand, it would be understandable to see a dip given the postponement of various college football seasons. On the other, the pent-up demand for US sports could lead bettors to shift those dollars elsewhere, like NFL games or even the NBA and NHL playoffs.

Other states see sports betting surges, too

New Jersey Online Sports Betting

New Jersey isn’t the first state to report strong sports betting results from August.

Legal

Indiana sports betting handle jumped to $169 million last month, up nearly $100 million from July.

Handle for sports betting in Iowa rose 120.1% to $50.3 million. WV sports betting handle nearly tripled to $45.9 million.