As known from:
The SunFootball365Sportskeeda
Alerts
Latest Deals
Write a Review
Write a Review
Nothing Found
About betting.net
  • Betting.net on YouTube
  • About betting.net
  • The betting.net Crew
  • How We Rate
  • Play Responsibly
  • Contact us
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Contains commercial content
Alerts
Latest Deals
Write a Review
Write a Review
Nothing Found
About betting.net
  • Betting.net on YouTube
  • About betting.net
  • The betting.net Crew
  • How We Rate
  • Play Responsibly
  • Contact us
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Betting.net / New Jersey breaks monthly sports betting record

New Jersey breaks monthly sports betting record

Publish Date: November 19, 2021
Fact checked by: Alyx Tzamantanis

As arguably the US’s leading gambling state behind Nevada, New Jersey continues to go from strength to strength. This was evident in October as the Garden State smashed its own sports betting record by some distance. New Jersey online sports betting sites took in a total of $1.3 billion which amounted to more than the entirety of Atlantic City’s land based establishments in September.

New Jersey was one of the first states to implement online gambling and it is clear that they are now repairing the fruits of their labor. The graphs only seem to indicate a continued rise in new online bookmakers and online casino gaming with online gambling making up the bulk of this rise. $1.2 billion of the $1.3 billion brought in in October can be attributed to online sports betting. The reason New Jersey has largely been so successful with online gambling is because their neighbors, New York have for the longest time been opposed to the idea. However, changes are in motion in the Big Apple as online sports betting is soon to be launched. What effect this might have on the growing sports betting and online casino industry in New Jersey remains to be seen but time will tell soon enough.

The battle between New Jersey and New York looms

New York has already chosen its preferred sites to launch in the state and they are aiming for these sites to be readily available before the Super Bowl in February. This means that New Jersey would now have a far more competitive fight on their hands to continue their significant online gambling growth. Punters from New York would now no longer have to make their way down to the Garden State to get their sports bets in. This may have a big effect on the gambling industry in New Jersey.

It’s strange to think that this is even a part of the conversation as New Jersey are fresh off the back of one of their most successful sports betting months ever. New York missed the bus by not having their sports betting sites ready in time for the NFL season. The NFL is who New Jersey gambling sites can really thank as NFL betting makes up the bulk of the bets taken in October by New Jersey sports betting vendors. Although to be fair to online sports betting lovers in New Jersey, they have not been quiet all year either. The first 10 months of the year saw New Jersey take in over $8.5 billion in sports bets.

Internet gambling continues to be the main draw for NJ gambling

It comes as little surprise to know that the bulk of gambling revenue in the Garden State can currently be attributed to online gambling. The New Jersey Division of Gaming Enforcement recently released information on gambling revenue which showed that $448 million was won in October from casinos and tracks. That is a 33% increase from October 2020. A fairly clear indication that gambling in New Jersey is on a steady rise.

Internet gambling brought in $127 million during October which shows a 36% increase from the same time last year. Sports betting was up nearly 44% from the same time last year. Not only are the online gambling sites in New Jersey drastically increasing but overall, betting is taking a massive upturn as

All in all, there is a lot to be excited about if you are in the gambling industry in New Jersey. However, it will be interesting to see how these figures hold up next year when New York finally launches their own sports betting sites in February.

Read Also
MLB Divisional Playoffs Preview and Predictions
Preview of the Divisional Round Although the Wildcard round was entertaining, only ...
Indiana Sets a New Sports Betting Record in January 2022
The Indiana sports betting market is already off to a flying start ...
SI Sportsbook Promo
Record Breaking Year for US Casinos
2021 was a record breaking year for US casinos, as the industry ...
Indiana Breaks Its Own Gambling Records…Again!
When you talk about online gambling in the US right now it’s ...
Pennsylvania sets new gambling record in October
As one of the first states in the US to get on ...
Sportsbook of the month
SI Sportsbook - Get your Free Bet now! Get your Free Bet now!
Latest News
Michigan’s pro poker player pleads guilty to operating illegal poker room
Professional poker player Joshua T. Thatcher pleaded guilty ...
Texas woman pleads guilty to stealing $1m lottery jackpot
A Texas woman has admitted to stealing her ...
Aruze Gaming signs new gaming content deal with BetMGM
Aruze Gaming recently agreed to supply gaming content ...
The Best Sweepstakes Slots Games – As Rated By Us
Go to pretty much any sweepstakes casino and ...
Rise in scoring forces sports betting markets to readjust
A significant increase in NBA scores in 2023 ...
Top Betting Sites
Top Betting Bonuses
SI Sportsbook
SI Sportsbook
SI Sportsbook Review
96/100
FanDuel
FanDuel
FanDuel Review
95/100
PointsBet
PointsBet
PointsBet Review
93/100
BetMGM
BetMGM
BetMGM Review
91/100
Bet365
Bet365
Bet365 Review
91/100
SI Sportsbook
SI Sportsbook Bonus
BET $20 GET $200 IN FREE BETS
T&Cs apply
9.6/10
First deposit only | 21+ & located in VA | Promo code as seen| A qualifying bet is $20 or more | Min odds of +120 or more | Free Bet Tokens credited after bet is settled and expire after 7 days | Free Bet stakes not included in winnings | Please Gamble Responsibly - Gambling Problem? VA: CALL 1-888-532-3500 | Full T&C apply
FanDuel
FanDuel Bonus
No Sweat First Bet up to $3,000
T&Cs apply
9.5/10
BetMGM
BetMGM Bonus
100% up to $1000
T&Cs apply
9.1/10
Bet365
Bet365 Bonus
Bet $1, Get $200
T&Cs apply
9.1/10
BetRivers.com
BetRivers.com Bonus
100% up to $500
T&Cs apply
9/10
Get the latest updates in Sports and Casino via our Newsletter
Poker & Bingo

Full coverage of poker and bingo, from reviews of providers to guides and much more besides!

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

ccwww
Move to Top
Close
Our Sports Pros recommend these awesome Social Casino sites this week:
×
Your Bonus Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site