New Jersey becomes first state to hit $1 billion a month in sports betting

New Jersey Gambling Revenue
Posted at 4:38 PM, Oct 20, 2021

ATLANTIC CITY, N.J. (AP) — New Jersey’s sports betting industry has become the first in the United States to take in more than a billion dollars worth of bets in a single month.

Figures released Monday show Atlantic City’s nine casinos and the three racetracks around the state that take sports bets collectively took $1.01 billion in such wagers in September.

Helping the bump was football season sending more gamblers to sports books and their phones.

New Jersey won a U.S. Supreme Court case in 2018 clearing the way for all 50 states to offer legal sports betting.

More than half the country now allows it.

The Press of Atlantic City reports that New Jersey sports books have taken in more than $7 billion worth of bets this year.