Sports betting totals near $600M in New Jersey

sports-betting

Green is flowing in the Garden State.

Bettors in New Jersey have plunked down nearly $600 million on their favored teams since sports betting began there a little over four months ago.

In October alone, $260 million was wagered across the Garden State, according to the state’s Division of Gaming Enforcement, which said a total of $597 million has been plunked down since mid-June.

The Supreme Court in May lifted a federal ban on sports betting, paving the way for states to set their own rules, and New Jersey jumped on the golden opportunity for a new source of tax revenue — as nearby states including New York mulled introducing their own sports-betting laws.

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