New Jersey Sports Betting Monmouth Park

New Jersey Legal Sports Betting Turns Out Astonishing Numbers

New Jersey has operated its legal sportsbooks for nearly four and a half months and are reporting high revenue earnings and handles.

Since New Jersey started accepting legal wagers on June 14th, the state has handled nearly $600 million in bets. This total combines the $300.9 million wagered through online New Jersey sportsbooks and $296.4 million wagered at New Jersey’s physical sportsbook venues.

As of this writing, New Jersey has officially handled $597.3 million wagers since sports betting was legalized in the state and earned $52 million in overall revenue after paying out winning tickets.

New Jersey currently has two racetracks and nine casinos actively providing physical sports wagering options; online sportsbooks are also adding to NJ’s wagering total daily. In fact, numerous gambling entities saw big money in sports gambling and have applied to offer sports gambling.

In Atlantic City, only two casino venues do not provide sports wagering options – Caesars Atlantic City Hotel & Casino and the Hard Rock Hotel & Casino Atlantic City.

Our speculations assume both casinos will soon offer sports betting due to the lucrative nature of the gambling form, as proven above. However, the Hard Rock Casino will more than likely be the first of the two to offer sports gambling as the venue petitioned the New Jersey Division of Gaming Enforcement to allow the Hard Rock to offer sports gambling at its physical venue and online.

If the petition bodes well for the Hard Rock, Caesars will likely follow as to not be left behind in terms of competition and market share.

DraftKings already has a mobile sportsbook application available to New Jersey patrons since August but has decided to launch its own physical sportsbook in New Jersey’s Resorts Casino here in Atlantic City. DraftKings will have its own branded sportsbook area designated within Resorts Casino and is confident it will open its physical sportsbook doors November 20th.

In October, New Jersey sportsbooks saw wagers placed primarily on football and baseball games. The sportsbooks report this was likely due to the Playoffs and World Series. At least this means seasonal sports events provide lucrative betting revenue for sportsbooks in New Jersey.