New Jersey October Handle Posts $1 Billion, Online Casinos Break Record
iBET ETF Insights: A new report has come out from New Jersey about sports betting and online gaming and the numbers are up. The numbers provided by the New Jersey Division of Gaming Enforcement (DGE) show that the state has yet again pulled over $1 billion for their betting handle, totaling $1.06 billion. Sportsbooks in New Jersey posted revenue of $77.9 million which is down 7.4% year over year but the a record was broken elsewhere. Online casino revenue posted an all-time monthly record of $147.2 million, a 15.9% increase year over year and topping their previous high of $140.6 million from back in March 2022. Since launch in 2013 this is only the second time New Jersey has passed the $140 million mark, but their market continues to grow.