New Jersey sports betting revenue tops online gambling in October

New Jersey sports betting operators set new monthly records for both revenue and wagering handle in October, and it wasn’t even close.

Figures released Thursday by the New Jersey Division of Gaming Enforcement show the state’s licensed digital and land-based sportsbooks generated revenue of just under $46.4m in October, a nearly four-fold rise from the same month last year and handily beating the state’s previous monthly revenue high of $37.9m set this September.

October’s betting handle came just $12m shy of the half-billion dollar mark, with online and mobile’s share of that total hitting 85.4%, a new market-high. October’s handle represented a nearly $42.5m (9.5%) gain on September’s total, with year-to-date handle now sitting at $3.46b.

October’s betting revenue also came in $1.2m higher than the state’s online casino/poker tally, which was also a new monthly record, although the betting stat also includes land-based wagering at Atlantic City casinos and state racetracks.