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New Jersey sports betting set new record lever in busy August

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A full slate of MLB, NBA and NHL games all August led to a record month for New Jersey sportsbooks.

Handle reached a record high $ 668 million last month more than double that $ 315 million bet in July. Turnover was $ 39.5 million, good for the third best of all time in New Jersey, according to the state report.

That $ 668 million is the highest monthly total ever for any state. Nevada loved the previous record $ 614.1 million set last November.

Mobile responsible 90.1% from the August handle for sports betting.

‘Other’ still leads New Jersey sports betting totals

Baseball, which is typically the sport of choice in August now that football, basketball and hockey have been discontinued, was not the darling of New Jersey sports betting last month.

The top sports betting category still belonged to “ other, ” which includes all the action from everything that isn’t baseball, basketball, football, and parlays. Handling of completed events in the “other” was category $ 204.9 million For the month.

Along with pandemic favorite sports such as golf, UFC and table tennis, that “other” handle also includes all bets on the NHL.

Baseball was not even the individual top sport. Dealing with completed basketball events was $ 166.2 million in August. Baseball was a close second with $ 150 million betting on completed events.

Parlay bettors were also happy to see the American sport return. Dealing with those completed events was $ 144.9 million.

Will September set another record?

There is always a chance that this record won’t last long. With betting on NFL games back at sportsbooks, September could be even bigger from a handle’s perspective.

Handle hit NJ sports betting $ 445.6 million last September, which was a record for the state at the time. Betting on bets $ 188.6 million at completed football events in September 2019.

What happens to that football number will be interesting anyway. On the one hand, it would be understandable to see a dip given the postponement of several college football seasons. On the other hand, pent-up demand for American sports could cause gamblers to move those dollars elsewhere, such as NFL games or even the NBA and NHL playoffs.

Other states are also seeing spikes in sports betting

New Jersey isn’t the first state to report strong sports betting as of August.

Indiana handle for sports betting jump to $ 169 million last month, up nearly $ 100 million from July.

Sports betting handle inside Iowa rose 120.1% to $ 50.3 million. WV the number of sports betting has almost tripled $ 45.9 million.

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