Lou Monaco, industry analyst at Group, says that the NFL and college football are the biggest drivers for the record-setting figures that the state has seen each fall, numbers that could continue to impress as the NHL, NBA and college basketball get into full swing. In fact, New Jersey handled a total $1.01 billion in sports betting in September, becoming the first state in the US to surpass the $1 billion mark and breaking the previous record it had set itself in December last year. Since June of 2018, no state has had a higher handle (amount of money wagered) or more revenue from sports betting than New Jersey, according to Legal Sports Report. In 2018, the industry was taken to the next level with the legalization of sports betting, which has vaulted the Garden State to the top of the food chain when it comes to online gaming as a whole. Online gambling was launched in New Jersey in 2013, and has since enjoyed tremendous success and growth over the past eight years.
