New Jersey reports taking in more than $1B in sports betting in September

Last month, New Jersey became the first state to take in more than $1 billion in sports betting in a single month, The Associated Press reported.

Nine casinos and three racetracks in Atlantic City took in $1.01 billion worth of wagers on sports as football returned in September, according to figures from the New Jersey Division of Gaming Enforcement released on Monday. 

The previous national record for a single state was $966 million wagered on sports betting in December 2020, according to the AP. 

More than $82 million of September’s wagers was kept by casinos and tracks as revenue after winning bets and other expenses were paid. 

East Rutherford’s Meadowlands Racetrack alone accounted for half of the $82 million, the AP reported. 

New Jersey in 2018 won a Supreme Court case that paved the way for all 50 states to offer legal sports betting. 

New Jersey’s gambling industry made $453.5 million last month, with revenue up 40 percent from 2020, the AP noted.