New Jersey Punters Wager Over 3 Billion Dollars On Sports Betting In First Full Year
The impact of the legalization of sports betting in New Jersey cannot be underestimated. We have covered extensively the legal battles of the Garden State over the years in their attempts to get sports betting legalized but the fact that it is now a reality for over a year is still something hard to believe.
Without a doubt one can say is that without New Jersey taking the lead other states would ever have had the option of dreaming about the possibility of offering legal sports betting. Figures released by the state Division of Gaming Enforcement show that in the month of June alone the state casino and racetracks handled $273 million worth of bets. In the first full year since sports betting became legal in New Jersey, punters place over 3 billion dollars on sports alone making New Jersey leader in sports wagering by overtaking Nevada.
New Jersey’s state casino and racetracks took in over $284 million in June from sports betting and casino gambling money which is an increase of 21.5% from a year ago. According to Chairman of the New Jersey Casino Control Commission, James Plousis New Jersey‘s casino and racetrack have taken on $109 million so far this year. Since sports betting started a year ago the state of New Jersey has taken in $23.8 million in taxes. The addition of sports betting once again helped the casinos to increase revenues for the month of June by winning over $278 million which is a 20 percent increase year-on-year.
Borgata took first place in June with $71 million which is an increase of 7.7% from last June. Second place was Hard Rock with $32.5 million, Golden Nugget was third with $29,5 million with Tropicana following with $29.51 million.