New Jersey bookmakers set a national record for monthly sports betting for the third consecutive month after Garden State bettors wagered more than $803 million on sports in October.
In August, the gaming operator set a record by accepting $668 million in sports bets. That number only increased in September, with players posting $748.58 million on their September event roster before peaking again in October.
With football in full swing, a long baseball playoff streak, and the end of the pro basketball and hockey playoffs, the stakes are high for athletes in October. Given that three of these sports will be suspended in November, chances are that October will be at its peak for quite some time.
The majority of bets are placed through online bookmakers with a virtual bet of $743.9 million. In the first 10 months of 2020, $4.089 billion was wagered on sports and $3.729 billion on online betting.
Bookmakers in October won 58.5 million dollars, which was a record bonus138
New Jersey gambling operators earned $338.1 million in October, according to data released by the New Jersey Gaming Enforcement Authority. These numbers represent a 15% year-over-year increase.
As the COVID-19 pandemic continues to wreak havoc in New Jersey, this is the second month in a row that overall revenue has increased year over year. In September, when casinos turned a profit for the first time since the virus spread in America, it was thanks to online gambling.