September was another record-breaking month for the Garden State. After shattering the all-time high for the total number of sports bet taken during a month for a US state, New Jersey eclipsed the mark for the second consecutive month.
Last month, New Jersey shattered the United States record with a total betting handle of $668M for the month of August 2020. That number topped the Garden State’s previous mark of $562.7M which it set in November 2019. The August 2020 figures of New Jersey sports betting also topped the national standard of $614.1M which was set by Nevada in November 2019.
Return of Professional Sports Leagues
On Thursday, figures released from the New Jersey Division of Gaming enforcement revealed that the state raked in an aggregate of $748M in sports bets for September 2020. That’s easily $80M better than the previous month’s totals and represents a 12.1% increase from the August numbers. More impressively, New Jersey sports betting total handle for September 2020 was 68% higher than the September 2019 mark of $445M.
The record-breaking numbers were fueled by the return of America’s major professional sports leagues after their forced shut down due to the COVID-19 pandemic. Major League baseball resumed its season on July 23 while the NBA restarted its campaign on July 31st. Meanwhile, the NHL also returned to the ice on August 1st. The NFL opened its 2020 season on September 10th and that is one of the main reasons why last month’s figures were even higher.
New Jersey Has Overtaken Nevada
New Jersey took the Professional and Amateur Sports Protection Act of 1992 to court in 2018, winning the case in May of the following year with the U.S. Supreme Court repealing the PASPA and allowing the 50 states to created their own legislation allowing legal sports betting. New Jersey was the third state behind Nevada and Delaware to legalize sports betting. Now it has overtaken Nevada sports betting with the highest and second-highest bet taking months in U.S. legal sports betting history.
So far New Jersey sports betting has taken a total of $3.2B in sports bets for the year 2020 and the state has generated a total of $223.1M in revenues off those bets. The September figures from the states of Pennsylvania, Colorado, and Nevada have not yet been reported. Some experts believe that once the numbers of those three states are in, the total sports betting handle in the United States for the month of September 2020 could reach $3B for the first time ever.