The sports betting industry hit a record high last month

The sports betting industry in New Jersey set a national record for the largest monthly bet in October, totaling more than $1.3 billion.

According to statistics, this figure surpassed the $1.01 billion bet in September of 9 Atlantic City casinos and 3 racetracks that provide sports betting. Associated Press.

As New York State is preparing to roll out its legal mobile sports betting system before then National Football LeagueIt remains to be seen how much of the online sports betting market can cross state boundaries during the Super Bowl in February.

Of the $1.3 billion in sports betting handled by New Jersey casinos, nearly $1.2 billion was wagered online.

In the 10 months of 2021, New Jersey invested a total of nearly US$8.5 billion in sports betting.

Jane Bokunewicz, director of the Lloyd Levinson Institute at Stockton University, which studies the gambling industry in Atlantic City, said that the start and continuation of the NFL season triggered two consecutive months of billions of dollars income.

Bokunewicz said: “With the start of the NFL season, sports betting has swelled and achieved more than $1 billion in revenue.” “The record sports betting record in October 2021 proves that September is not a flash in the pan, but sports betting. The first sign of a new level of engagement, at least during the NFL season.”

according to Mobile network, A sports betting website, New Jersey is one of 18 states that have some form of legal mobile sports betting.

For more reports from the Associated Press, please see below.

According to data released by the New Jersey Department of Gaming Enforcement on Wednesday, casinos and racetracks won a total of more than $448 million in October, including face-to-face gambling, Internet gambling and sports betting. This is an increase of nearly 33% from October 2020.

Internet gambling accounted for US$127 million, an increase of nearly 36% over the same period last year, and sports betting revenue-after paying winning bets and other fees-was US$84.1 million, an increase of nearly 44% from October last year.

James Plusis, chairman of the New Jersey Casino Control Board, said: “Atlantic City effectively extended its momentum from summer to fall.” “From October 2019, the performance of five casino hotels exceeded physical performance, and four Home is close at hand. All operators have the tools they need to compete successfully in this market.”

More than half of New Jersey’s October sports betting revenue came from the Meadowlands Racecourse in East Rutherford, just outside New York City. This month it won more than US$44 million, easily surpassing the freehold circuit (less than US$7 million) and Monmouth Park (US$4.5 million) in the Seaport near the Jersey Shore.

On-site casino bonuses in October were US$237 million, nearly 28% higher than a year ago.

Borgata saw the largest increase, close to 61%, reaching US$108.5 million. Golden Nugget rose nearly 35% to US$14.3 million; resorts rose more than 27% to US$14.6 million, and Hard Rock rose more than 25% to US$44.3 million.

Harrah’s rose nearly 25% to US$24.3 million; Caesars rose 14.6% to US$8.9 million; Tropicana rose 14.3% to US$31.1 million; Bally’s rose 12.6% to nearly US$13 million, and Ocean Casino Resort rose more than 10% to US$32.1 million.

Hard Rock President Joe Lupo said that compared with October 2019 before the coronavirus pandemic, his casino had the largest increase in live gambling revenue in the city in October. Hard Rock rose by 13 million U.S. dollars, Ocean rose by 12 million U.S. dollars, and Borgata rose by 10 million U.S. dollars.