New Jersey Sports Betting Surpasses $900 Million In November

• New Jersey had a record-breaking November with sports betting activity surpassing $931.6 million.
• The Garden State took in $50.6 million in sports betting revenue.
• This is a 16% increase in betting handle month over month.

TRENTON, N.J. – New Jersey’s sports betting market has continued to show growth in 2020. November betting handle has reached a record high.

Sports betting revenue also hit record numbers, collecting the third-highest monthly tax revenue from sports betting this year.

Both online and physical sportsbooks accounted for the major hall in betting handle, with mobile sportsbooks being the primary way New Jersey sports bettors got in on the action.

Record-Breaking Numbers

The total betting handle in New Jersey surpassed $931.6 million, up 16% from the $803.1 million wagered in October.

This is the single highest sports betting handle in a single month the Garden State has seen, showing that sports betting has continued to boom in 2020.

In terms of sports betting revenue, over $50.6 million were collected by the sportsbooks which then saw $6.2 million, or 5.4% paid to the state in tax revenue.

This is the third-highest revenue collected in New Jersey lagging only behind the $58.5 million in October and the $53.6 million in January.

In the last four consecutive months, New Jersey has seen a major increase in sports betting activity month on month.

In August NJ took in $668 million in betting handle, September saw $748.6 million, October took in $803.1 million and now November sees $931.6 million.

Most of the sports betting activity came from those betting on the NFL and betting on college football. Football alone accounted for more than $433.3 million in wagers.

November was the biggest month in football wagers as a combined $599.5 million were wagered on football in total prior to November.

With the NFL postseason on the way, the NBA season returning, and college basketball in full swing, it would not be surprising if New Jersey manages to hit over $1 billion in a single month in betting handle.

New Jersey has continued to be one of the biggest legal sports betting markets out there. The Garden State is showing no signs of slowing down.

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