{"id":54054,"date":"2021-11-19T10:42:33","date_gmt":"2021-11-19T13:42:33","guid":{"rendered":"https:\/\/igamingbrazil.com\/uncategorized\/2021\/11\/19\/new-jersey-hits-1-3-billion-in-sports-betting-in-october\/"},"modified":"2021-11-19T10:44:01","modified_gmt":"2021-11-19T13:44:01","slug":"new-jersey-hits-1-3-billion-in-sports-betting-in-october","status":"publish","type":"post","link":"https:\/\/igamingbrazil.com\/en\/sports-betting-en\/2021\/11\/19\/new-jersey-hits-1-3-billion-in-sports-betting-in-october\/","title":{"rendered":"New Jersey hits $1.3 billion in sports betting in October"},"content":{"rendered":"\n

A statement from New Jersey said its sports betting<\/a> industry broke its own national record in October for the most bets placed in a single month, reaching $1.3 billion.<\/p>\n\n\n\n

Last month’s figure surpassed the $1.01 billion worth of bets that the nine Atlantic City casinos and three horse tracks that offer sports betting<\/a> placed in September.<\/p>\n\n\n\n

Nearly $1.2 billion of what was generated at the points of sale managed in October was gambled online. During the first 10 months of this year, the state received about $8.5 billion in sports betting<\/a>.<\/p>\n\n\n\n

This number is also a reflection of how much will be at stake when New York<\/a> offers mobile sports betting, which is underway as the state has chosen sellers who will do this type of sports betting with the goal of having it up and running before the Super Bowl in February.<\/p>\n\n\n\n

This number is also a reflection of how much will be at stake when New York offers mobile sports betting, which is underway as the state has chosen sellers who will do this type of sports betting with the goal of having it up and running before the Super Bowl in February.<\/p>\n\n\n\n

A great time for sports betting<\/h2>\n\n\n\n

As reported by the Associated Press, Jane Bokunewicz, director of the Lloyd Levenson Institute at the University of Stockton, which studies the gaming industry in Atlantic City, spoke about these numbers and said:<\/p>\n\n\n\n

\u201cSports betting swelled with the start of the NFL season, and they had another month of more than $1 billion at stake. the first sign of a new level of participation in sports betting, at least during the NFL season.”<\/p>\n\n\n\n

Figures released Wednesday by the New Jersey Division of Gaming Enforcement show that casinos and racetracks collectively won more than $448 million in October, including face-to-face betting, online betting and sports betting, a 33 percent increase in a comparison year-on-year.<\/p>\n\n\n\n

Internet betting was $127 million, nearly 36% up from October 2020, and sports betting revenue was $84.1 million, nearly 44% up from a year ago.<\/p>\n\n\n\n

In-person casino<\/a> earnings were $237 million in October, nearly 28% up from a year ago:<\/p>\n\n\n\n