New Jersey’s regulated sports betting market had a strong November, setting a new betting handle record and nearly doubling its October revenue total.
Figures released Wednesday by the New Jersey Division of Gaming Enforcement (DGE) show the state’s licensed sports betting operators generated total wagering handle of over $330.7m in November, a 23% improvement over October’s handle and yet another new market record.
More importantly, betting revenue – defined as including not only money won by the books but also pending wagers – topped $21.4m, a significant improvement over October’s $11.7m but still below the $24m that the books claimed in September.
The dominance of online and mobile betting channels became even more acute in November, as digital wagering accounted for $238.6m in betting handle versus $92.1m for land-based sportsbooks. Digital handle was up nearly 37% from October while land-based wagering rose a more modest 6.7%.