In January, New Jersey saw a surge in sports betting activity, breaking records and solidifying its position as a leader in the industry. According to the latest figures released by the New Jersey Division of Gaming Enforcement, the state’s sportsbooks reported a total handle of $996.3 million in January, surpassing the previous record set in December.
The increase in sports betting activity can be attributed to several factors, including the continued popularity of online sports betting platforms and the return of major sporting events such as the NFL playoffs and the NBA season. Additionally, the legalization of sports betting in neighboring states has also contributed to the growth of the industry in New Jersey.
One of the key drivers of the record-breaking month was the Super Bowl, which attracted a significant amount of betting action. Sportsbooks in New Jersey reported a total handle of $117.4 million on the big game, with customers wagering on everything from the outcome of the coin toss to the final score.
In addition to the Super Bowl, other major sporting events such as college basketball’s March Madness and the start of the MLB season are expected to further boost sports betting activity in New Jersey in the coming months. With more states considering legalizing sports betting and the industry continuing to evolve, it is likely that New Jersey will continue to see growth in this sector.
Overall, January’s record-breaking sports betting numbers are a testament to the strength and resilience of New Jersey’s gaming industry. As more states embrace sports betting and consumers become increasingly comfortable with online wagering, it is clear that this trend is here to stay.
