In One Month, NJ Sportsbooks Handled 14% Of Germany’s Betting Revenue

• New Jersey handled $1.3 billion in October 2021
• $1.2 billion of the New Jersey sports betting handle was wagered online.
• Sportsbooks made $84.1 million in October revenue.

TRENTON, N.J. – New Jersey broke its sports betting handle record again, after taking in $1.3 billion in the month of October.

New Jersey sportsbooks have seen a stellar year in 2021. New Jersey was the first state in the country to handle more than $1 billion in sports wagers and has now done it consecutively according to the NJ sports betting revenue reports.

To put that into perspective, the entire country of Germany generated €7.79 billion Euros ($8.4 billion USD) in revenue from sports betting in 2020. Therefore, New Jersey handled 14% of an entire country’s yearly revenue, in just one month.

It’s possible that New Jersey sportsbooks handle $1.5 billion in legal sports bets sometime soon, and do so before another state is even able to break the $1 billion mark at all.

The vast majority of the wagers placed in New Jersey were made online, with $1.2 billion of the $1.3 billion being bet online.

Only 8% of all wagers placed in October were done at retail sportsbook establishments

New Jersey Sports Betting Revenue

New Jersey sportsbooks reported $84.1 million worth of revenue, making it their single most profitable month yet.

Despite seeing over $1 billion for the first time in September, January 2021 ($82,640,979) was the most profitable month for New Jersey sportsbooks and local government.

October holds that title, at least for the time being, as New Jersey books continue to thrive in the NFL betting season.

News tags: New Jersey