New Jersey led the August betting handle rankings, with total handle of $668m, a 127.5% year-on-year increase. This was also the most sports betting handle ever taken in by a single state in one month. The Garden State's revenue share was the largest in the country for the month at $39.5m, a jump of 56.5% from August 2019. Between June 2018 and July 2019, Nevada generated a sports betting handle of 5.48 billion U.S. Dollars, making it the U.S. State with the largest sports betting handle. Comparatively, West Virginia.
New Jersey continues to shatter monthly national records for sports betting handle for the third time in a row in October with over $803 million.
This figure is up more than $50 million from the state's previous highest in September when it reported $748.5 million. New Jersey's August handle of $667.9 million was also a national record. Before this, the previous national best was $614 million set by Nevada in November 2019.
According to the figures released by the New Jersey Division of Gaming Enforcement (DGE) on Friday, Atlantic City casinos and the three-horse tracks that offer sports betting collectively took in $803,096,172. The DGE figures also disclosed that the Garden State's online casinos and poker rooms generated combined revenue of $93.45 million in October. This is more than double the figure reported in October 2019 and almost $6 million higher than New Jersey's previous monthly best set this August.
Morongo casino buffet hours. The October handle took New Jersey sportsbooks past $4 billion in total wagers in 2020; the previous year's total was $4.6 billion. The month also turned $58.5 million in revenues, which was good for a 7.2% hold, reflecting an increase of 26% year-on-year. Around 93% of the handle was betonline.
Online Betting Continues to Dominate
October's internet casino revenue was just under $91 million, representing a 108.7% year-on-year improvement. Besides, onlinepoker suggested a 53.5% increase to $2.5 million.
There was still a slight increase in sports betting at land-based establishments, as the total sports betting revenue at the casinos and tracks also increased by 15% in October to $338 million. Yet, gambling at the nine casinos fell 8% to $186.1 million in October. However, as has been stated, most of these gains were extracted from online gambling and sports betting.
While comparing this October with the same period last year, chairman of New Jersey Casino Control Commission James Plousis said, 'Casino wins was 92% of last October's performance'. However, he added the two years are not reasonably comparable, alluding to the coronavirus taking center stage throughout this year. 'During this time, Atlantic City continues to reflect resilience in the face of necessary and ongoing restrictions on capacity, amenities, and entertainment.'
Currently, the New Jersey casinos are observing 25% capacity rules under state-imposed restrictions aimed at controlling the spread of the virus. Additionally, online gambling revenue more than doubled in October as more gamblers feel safe while place online bets from the comforts of their homes amid the second wave of the virus. Of the combined sports betting handle of $803.1 million, all but $59.2 million was wagered online.
Football Top Sport, FanDuel Top Sportsbook
Almost $279 million, 35% of the total handle, was bet on football games in October. Sportsbooks made $11.3 million on those wagers, good for a 4% hold. However, the football numbers don't include parlays, where another $171.5 million was wagered. Sportsbooks made $19.1 million on parlays at an 11% hold rate. Congress poker strategy.
Once again, Meadowlands, partnered with FanDuel and PointsBet, retaining the top spot in the leading sports betting market in the US with just under $30 million in revenue. The second spot was claimed by Resorts Digital and its two partners, DraftKings and Fox Bet, with a revenue of $14.6 million. It was a huge comeback for the Resorts license compared to last month's performance with a mere $4.8 million in revenues.
BetMGM and land-based Borgata combo was a distant third with $4.3 million.
The Garden State's betting market could get a further jump if it eases restrictions on college sports betting. Existing rules ban local bookmakers from taking bets on games involving state schools. However, the last week saw a New Jersey Senate committee authorize a measure that would permit such activity.
Illinois has posted a sports betting handle of nearly $305 million for September, making it the fourth-largest betting state in the US. The top three sports betting leaders in the country are New Jersey, Nevada, and Pennsylvania.
According to the report released by the Illinois Gaming Board (IGB) on Friday, Illinois' betting handle of $305.2 million put the total wagered in the country during September at more than $2.8 billion. September's handle in Illinois more than doubles August's total handle of $139.6 million. These numbers set a high bar for sports betting across the other states. While many states have already released their October's sports betting handle reports, Illinois is the last state to release September numbers.
Both New Jersey and Indiana have already set new records this October, as they did in September. The industry analysts expect Illinois to follow suit.
Sports betting activity in the state returned to normality in August, which was the first month of reporting by the IGB. The previous months had been eclipsed by the pandemic-led shutdowns. However, the IGB's initial release covered March, June, and July and reported a combined $61.7 million in wagers during this time.
Online Betting Dominated Illinois Market
Online sports gambling not only defined the Illinois sports betting market but also dominated it completely. Of the $305 million wagered in September, around $283 million (or 92.7%) came from online bets. Almost all these bets were placed through three sportsbooks: DraftKings, FanDuel, and BetRivers.
October's internet casino revenue was just under $91 million, representing a 108.7% year-on-year improvement. Besides, onlinepoker suggested a 53.5% increase to $2.5 million.
There was still a slight increase in sports betting at land-based establishments, as the total sports betting revenue at the casinos and tracks also increased by 15% in October to $338 million. Yet, gambling at the nine casinos fell 8% to $186.1 million in October. However, as has been stated, most of these gains were extracted from online gambling and sports betting.
While comparing this October with the same period last year, chairman of New Jersey Casino Control Commission James Plousis said, 'Casino wins was 92% of last October's performance'. However, he added the two years are not reasonably comparable, alluding to the coronavirus taking center stage throughout this year. 'During this time, Atlantic City continues to reflect resilience in the face of necessary and ongoing restrictions on capacity, amenities, and entertainment.'
Currently, the New Jersey casinos are observing 25% capacity rules under state-imposed restrictions aimed at controlling the spread of the virus. Additionally, online gambling revenue more than doubled in October as more gamblers feel safe while place online bets from the comforts of their homes amid the second wave of the virus. Of the combined sports betting handle of $803.1 million, all but $59.2 million was wagered online.
Football Top Sport, FanDuel Top Sportsbook
Almost $279 million, 35% of the total handle, was bet on football games in October. Sportsbooks made $11.3 million on those wagers, good for a 4% hold. However, the football numbers don't include parlays, where another $171.5 million was wagered. Sportsbooks made $19.1 million on parlays at an 11% hold rate. Congress poker strategy.
Once again, Meadowlands, partnered with FanDuel and PointsBet, retaining the top spot in the leading sports betting market in the US with just under $30 million in revenue. The second spot was claimed by Resorts Digital and its two partners, DraftKings and Fox Bet, with a revenue of $14.6 million. It was a huge comeback for the Resorts license compared to last month's performance with a mere $4.8 million in revenues.
BetMGM and land-based Borgata combo was a distant third with $4.3 million.
The Garden State's betting market could get a further jump if it eases restrictions on college sports betting. Existing rules ban local bookmakers from taking bets on games involving state schools. However, the last week saw a New Jersey Senate committee authorize a measure that would permit such activity.
Illinois has posted a sports betting handle of nearly $305 million for September, making it the fourth-largest betting state in the US. The top three sports betting leaders in the country are New Jersey, Nevada, and Pennsylvania.
According to the report released by the Illinois Gaming Board (IGB) on Friday, Illinois' betting handle of $305.2 million put the total wagered in the country during September at more than $2.8 billion. September's handle in Illinois more than doubles August's total handle of $139.6 million. These numbers set a high bar for sports betting across the other states. While many states have already released their October's sports betting handle reports, Illinois is the last state to release September numbers.
Both New Jersey and Indiana have already set new records this October, as they did in September. The industry analysts expect Illinois to follow suit.
Sports betting activity in the state returned to normality in August, which was the first month of reporting by the IGB. The previous months had been eclipsed by the pandemic-led shutdowns. However, the IGB's initial release covered March, June, and July and reported a combined $61.7 million in wagers during this time.
Online Betting Dominated Illinois Market
Online sports gambling not only defined the Illinois sports betting market but also dominated it completely. Of the $305 million wagered in September, around $283 million (or 92.7%) came from online bets. Almost all these bets were placed through three sportsbooks: DraftKings, FanDuel, and BetRivers.
BetRivers pioneered Illinois' sports betting market when it opened its retail sportsbook in March this year and launched an online sportsbook in June. Until August 19, BetRivers was the exclusive mobile operator in the Land of Lincoln when DraftKings appeared on the landscape. Trollhunters casino. FanDuel joined the party nine days later, and William Hill launched its online sportsbook on September 15.
While hundreds of millions were accepted as bets, only a small portion actually made its way onto the sportsbooks' revenue sheets. All eight of Illinois' retail and online sportsbooks reported adjusted gross revenues of $6.8 million. The state share in terms of taxes was a little more than $1 million. Understandably, the scant revenue figures are a product of welcome bonuses operators offer to customers for registering accounts or making deposits or in terms of special promotions.
Online Sportsbooks' Accidental Boost
Considering the overwhelming success of online sportsbooks in the state, it is easy to ignore that internet wagering was not initially supposed to enjoy this kind of dominance. Mobile sports betting in the state is currently allowed under Executive Order 2020-41, issued in June, which suspended the in-person registration requirement.
When Illinois lawmakers regulated sports betting, the residents were required to undergo in-person registration for mobile accounts. It means that if an individual wants to use an online sportsbook, he or she must have to go physically to the casino. However, the unprecedented situation thanks to the COVID-19, Governor J.B. Pritzker waived the in-person requirement in June for a month. Then in August, he renewed the waiver. This executive directive enabled the residents across the state to sign up online while staying at home.
Most recently, the governor renewed the order for a fifth time, extending the waiver through December 12. All ten retail casinos in Illinois are currently operating under advanced safety measures, which complicate the in-person registration process
Sports Gambling Tennessee
It is yet to be seen if state lawmakers will consider making the registration waiver permanent through legislation or will it be left to the governor to assess each month before renewing extension amid confused and tantalized bettors.
