New Jersey sees jump in sports-betting handle

Sports wagering in New Jersey jumped significantly during September, a predictable increase given the start of the NFL football season, with the state’s two racetracks capturing the equivalent of approximately 40 percent of the market share, according to figures released Monday by the New Jersey Gaming and Enforcement Board.

Total handle on sports during the month was $183.95 million, with the majority share, $104.9 million, placed through online or mobile applications, according to the figures. The September figure was nearly double the amount bet on sports in August.

Although the division did not release specific handle totals by site, revenue figures for the state’s sports-betting operations showed that the Meadowlands and Monmouth racetracks generated a total of $9.4 million in revenue, 39 percent of the state’s total revenue of $24.0 million. The Meadowlands generated revenue of $7.23 million, while Monmouth generated revenue of $2.21 million, according to the figures.

Nine sites took sports bets during the month, and seven sites had begun accepting bets through internet operations by the start of the NFL season, including the Meadowlands and Monmouth. The Meadowlands is expected to be one of the most popular brick-and-mortar sites in New Jersey for sports wagering due to its location in the New York City metropolitan area.