Another record month for sports betting in NJ: $487M in bets

ATLANTIC CITY, N.J. (AP) — New Jersey’s sports betting industry set another monthly record in October for the amount bet as gamblers plunked down close to a half-billion dollars on games.

Figures released Thursday by the state Division of Gaming Enforcement show the state’s casinos and horse tracks took $487 million in sports bets last month.

That eclipsed the previous monthly record of $445 million set in September.

October also was a great month for internet gambling, which was up 69% from a year ago to $45.2 million.

The figures show just how reliant Atlantic City’s casinos have become on the extra money from sports bets and online bets. Without those two, the casinos saw their revenue rise by less than 1% to $202 million.

Overall, gambling revenue was up 22.9% to $293.8 million.

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