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New Jersey sports betting handle passes $900m in November


New Jersey became the first US state to generate more than $900m in sports betting handle in a calendar month during November.

Total sports wagering handle hit $931.6m during the period according to figures published by the New Jersey Division of Gaming Enforcement (NJDGE).

That figure was up 16.0% compared to October 2020 and 65.7% higher than November 2019. The New Jersey figure dwarfs Nevada’s $659.9m record handle, generated in October 2020.

$872.1m of November’s handle came from online, with $60.0m from retail.

Football attracted a record $433.3m in bets, which was up from $278.9m in October. Despite the record handle, it was a quieter November sports schedule than usual with the National Hockey League (NHL) and National Basketball Association (NBA) dormant and fewer college basketball games than usual.

November’s takings mean that New Jersey also became the first state to see more than $5bn wagered during a calendar year. That figure is $1bn higher than the handle generated by November 2019.

Sports wagering gross revenue was $50.6m for the month, down slightly on October but well up on the $32.9m reported for November 2019.

For the year to date, betting revenue stands at $332.1m, up 23.0% on the year-to-date figure for October 2019.

FanDuel and PointsBet at Meadowlands were again the main source of revenue, recording sports wagering revenue of $24.8m. Resorts Digital and partners DraftKings were second on $14.6m, with William Hill (Ocean Casino) third at $3.6m.

Despite sports betting growth, total gaming revenue for New Jersey in November of $289.0m was down 5.6% year-on-year.

Casino win was down 34.6% to $147.0m, with casinos operating under novel coronavirus (Covid-19) restrictions.

Internet gaming win, meanwhile, was up 86.9% year-on-year to $92.0m.

The Golden Nugget retained its position as the most successful internet gaming site with revenue of $26.0m, with the Borgata and Resorts Digital both breaking the $20m mark.

The year-to-date figure of $871.0m for internet gaming win was up 101% on November 2019.