The New Jersey Division of Gaming Enforcement reported on Friday a record $1.72 billion sports betting handle for January as the Garden State stormed back into the top 10 all-time monthly lists for both wagering and revenue.
Handle surged 58.9% compared to the first month of 2023 as the January total supplanted the short-lived record of $1.62 billion established in November. Online sportsbooks accounted for $1.67 billion of January’s handle. It was the fifth consecutive billion-dollar monthly handle for New Jersey, ranking eighth all-time since sports betting expanded on a state-by-state basis starting in 2018.
| State | Handle | Month |
|---|---|---|
| New York | $2,122,331,713 | November 2023 |
| New York | $2,053,736,710 | December 2023 |
| New York | $2,017,133,483 | October 2023 |
| New York | $1,965,468,151 | JANUARY 2024 |
| New York | $1,799,048,376 | January 2023 |
| New York | $1,792,885,346 | March 2023 |
| New York | $1,767,913,850 | September 2023 |
| NEW JERSEY | $1,719,170,088 | JANUARY 2024 |
| New York | $1,686,263,898 | January 2022 |
| New York | $1,644,789,642 | March 2022 |
Sportsbooks went along for the ride with the increased handle as year-over-year revenue more than doubled to nearly $170.8 million, good for the No. 4 all-time spot nationally. Parlay wagering provided the fuel for the record winnings as operators claimed an eye-watering $115.5 million — more than New Jersey’s previous total revenue record of $114.8 million in November 2021 — from the betting public on those multi-leg wagers.