New Jersey narrowly overtook Nevada last month as the nation’s sports-betting capital, after finally taking in more in sports bets than Nevada and less than a year after New Jersey formally rolled out its sports-wagering market.
Gaming data for May shows patrons bet $318.9 million in New Jersey’s sportsbooks, compared to $317.4 million in bets in Nevada, according to the most recent numbers from both state’s gaming regulators.
With New Jersey’s preexisting gaming industry and regulations, Gov. Phil Murphy and other New Jersey gaming insiders routinely touted the prediction that it was only a matter of time before the Garden State became the nationwide sports-betting capital.
Last year, the U.S. Supreme Court struck down the federal ban on sports-betting, which outlawed the wagering in all but a few states, including Nevada.
Murphy placed the first legal wager in the state – an ultimately losing bet that Germany would win the 2018 FIFA World Cup.
Within the past year, New Jersey patrons bet more than $3 billion in sportsbooks at the 10 of the state’s casinos, with most of the money coming in via online and mobile apps.
“The emergence of sports betting has played a tremendous role in this rejuvenation of our gaming industry,” Gov. Phil Murphy said at the East Coast Gaming Congress in Atlantic City earlier this month.