New Jersey sportsbooks operators inch closer to the $1 billion mark, setting another record in wagers that could see it achieve the huge feat. In another profitable month, Garden State bookmakers recorded wagers of up to $958.72 million on sports in January.
The Sportsbook section saw profits of up to $86.2 million on nearly $1 billion in wagers. This comes with a nearly 9% hold rate. Before sportsbooks started clocking huge figures in January, they had already set the pace in 2020 by hitting five straight months of record-setting sports wagering handled. Everything boiled down to an all-time high of $966 million in December.