New Jersey Closes In on $1B Monthly Sports Betting Handle

New Jersey Closes In on $1B Monthly Sports Betting Handle
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New Jersey topped $900 million in total sports betting handle in November, smashing its own national record set last month and nearing $1 billion for a single month.

The new monthly record is $931,620,415 as New Jersey sports betting broke its previous state and national total handle record of $803 million set in October. The $128.5 million increase was 16% better than October’s total, according to official figures released Monday by the state’s Division of Gaming Enforcement.

The November 2020 total for New Jersey sportsbooks was a 65.6% increase over the $562.67 million in November 2019. It also surpassed $5 billion in total handle through 11 months of 2020.

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The online/mobile handle for New Jersey sportsbooks in November was $872 million, an increase of 17.2% over October ($743.9 million), and up 79.2% from November 2019 ($486.8 million). That November number is a new record for monthly online/mobile sports betting handle, statewide and nationally. Mobile was 93.6% of the total sports handle in November, according to the state report.

Lawmakers in New Jersey are poised to offer sports bettors more options. They recently proposed allowing college sports betting in the state, including betting on events involving state colleges. New Jersey currently doesn’t allow college sports betting on in-state teams or on college events taking place in the state.

Another sportsbook also recently launched its app in the state. Tipico, the leading sports betting provider in Germany, last week announced that its app was live in New Jersey, marking its debut in the U.S. market. The gaming company announced in late September that it had received conditional approval from the NJDGE.

New Jersey Sports Betting, November vs. October

Total handle Mobile handleRevenue
November $931.620M $872.076M $50.555M
October $803.096M $743.899M $58.509M
Change Up 16% Up 17.2% Down 13.6%

Other Key NJ Gaming Numbers

In addition to the handle and mobile numbers, the November report showed that New Jersey sports betting revenue actually was down 13.6% ($50.6 million) from October’s ($58.5 million). However, it was up 53.7% from November 2019 ($32.9 million).

October total gaming revenue was $288.9 million, down 14.5% from October’s ($338 million) and down 5.6% from November 2019 ($306 million).

The iGaming win in November was $91.8 millon, down a modest 1.7% from October ($93.5 million) and up a solid 86.9% from November 2019 ($49.1 million).

New Jersey Sports Betting, November 2020 vs November 2019

Total handle Mobile handleRevenue
November 2020 $931.620M $872.076M $50.555M
November 2019 $562.676M $486.785M $32.896M
Change Up 65.6% Up 79.2% Up 53.7%

More November Records in US

Two states that have already reported its November sports betting figures set records in November and a third saw an increase over its October handle.

November’s sports betting handle in Indiana was more than $250 million ($251.4 million), an 8.9% increase over October’s $230.9 million. Indiana revenue for November was also a record at $25.3 million.

Iowa saw its total sports betting and mobile handles reach all-time monthly highs in November, breaking October’s totals. Iowa recorded $87.2 million in total sports betting handle and $62.4 million in mobile handle, according to numbers released by the state on Dec. 11.

West Virginia, which had seen a decline in October in its sports betting figures for various reasons, went up by 8.7% in November. Total handle was $48.5 million in November and revenue was $4.4 million, an increase of 17.8% from October.