New Jersey Tops Nevada in Monthly Sports Betting Handle for First Time Ever
For the first time ever, more money was bet at sportsbooks in New Jersey in a given month than was wagered in Nevada.
In New Jersey, $318.9 million was wagered on sports in the month of May. In Nevada, the figure on handle was $317.4 million. These figures were released y the state on Thursday.
Nevada has long been considered the mecca of gambling, and it’s still considered by many to be just that. When it comes to sports betting, though, there’s a new king in town, at least for one month. New Jersey’s success in the sports betting arena can be largely attributed to mobile sports betting, led by DraftKings Sportsbook and FanDuel Sportsbook. Most Nevada sportsbook offer mobile sports betting, but the Silver State’s approach to mobile sports betting is a secondary one. In New Jersey, it’s a mobile-first mentality.
Although not a large gap between the two (just $1.5 million), the news marks a historic occasion in the new age of expanded legal sports betting brought on by the Supreme Court’s May 2018 ruling that the Professional and Amateur Sports Protection Act, commonly referred to as PASPA, was unconstitutional. With the killing of PASPA, state’s were granted power to legalize sports betting on their own. New Jersey was one of the first states to legalize and has now surpassed Nevada in monthly handle one year later.
In addition to New Jersey, the states of Delaware, Mississippi, New Mexico, Pennsylvania, Rhode Island, and West Virginia have, to date, started offering legalized sports betting following the Supreme Court’s PASPA ruling.