Home » New Jersey is Becoming Sports Betting Leader In America
Sports Betting

New Jersey is Becoming Sports Betting Leader In America


Nevada has been a long-time leader in sports betting and casino gaming, but now things are changing. New Jersey is rising and even surpassing Nevada in terms of revenue collection. A good example is the month of August 2019; NJ collected more tax than Nevada.
Nevada collected 22.1 percent in sports wagers which totaled to $287.8 million. New Jersey led the way in sports handle in August with $293.6 million surpassing Nevada by $18.7 million. This is the lowest that Nevada has generated since April, although it has led to a 4.3 percent yearly increase in which a total of $11.78 billion has been wagered.

Baseball has been the main source of revenue in Nevada accounting to $8.6 million of state betting. College football and NFL has also increased betting activities, in which a total of $72.3 million was put on stakes. Out of this, New Jersey posted a $12.7 million in football compared to $6.7 million in baseball.

This is the third time NJ has outshined Nevada, the first came in May while the second was in June. Though the difference is slight, NJ is leading the sports betting. The success can be due to NJ openness in online sports betting in which signing is done remotely. This has led to most of the betting taking place in online space. In NJ, 80 percent of the sports betting take place online compared to Nevada where online betting is around 50-60 percent.

Source: https://www.gamblingnews.com/news/nevada-beats-nj-sports-and-gaming-revenue/

About the author

Isaac Munga

Isaac Munga

I am a person with sound background in imparting knowledge. I enjoy the challenges of a busy and demanding work environment, self motivated and work under minimum supervision. I always seek the position of responsibility, professional development and growth opportunity.

Uphold the ethics of my profession by distinguishing myself with absolute integrity and striving to work within the confines of my employer’s policies and procedures. I use my education and experience to work towards improving human clause.

Add Comment

Click here to post a comment

The following GDPR rules must be read and accepted:
This form collects your name, email and content so that we can keep track of the comments placed on the website. For more info check our privacy policy where you will get more info on where, how and why we store your data.