New Jersey Sets U.S. Sports Betting Record for 3rd Month in a Row
November 16, 2020
New Jersey’s sports betting market keeps breaking records. The state set the U.S. national record for the highest amount wagered on sports for the third month in a row in October 2020, at over $803 million.
Figures released Friday, November 13 say that Atlantic City’s casinos and three sports betting-equipped horse tracks took in $803,096,172 overall last month, breaking the records previously set by New Jersey of $667.9 million in August and $748.5 million in September.
Prior to August, the national record was $614 million in Nevada in November 2019.
All in all, total gambling revenue at N.J.'s casinos and tracks was up by 15% in October to $338 million. Most of that came from internet gambling and sports betting, and internet gambling revenue more than doubled in October to $93.4 million.
In contrast, in-person gambling takings was down 8% to $186.1 million last month. N.J.'s casinos are limited to 25% capacity under state-imposed COVID-19 rules designed to help slow the spread of the coronavirus.
New Jersey legalized sports betting in June 2018. Canada has been looking to the state as a model for its consideration of the federal legalization of single-sports betting. Meanwhile, Ontario Prmeier Doug Ford has explicitly namechecked the U.S. state's progress in sports betting as an aspiration for its plannedopening up of a regulated and liberalized provincial iGaming market.