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There is a NJ sports betting trend, and there are no signs of it slowing down.

The trend we are referencing is the amount of money being wagered on a monthly basis, with the latest all-time high being October’s $803 million. More than 92% of those wagers were made via mobile apps.

Besides being a New Jersey record, it’s the biggest monthly handle ever reported by any legal U.S. sports betting jurisdiction, Nevada included.

The New Jersey Division of Gaming Enforcement released October numbers earlier today.

NJ sports betting revenue came in at $58.5 million, good enough for a 26.1% year-over-year increase.

Here’s a closer look at a few of the other highlights.

NJ sports betting isn’t slowing down

For the year, New Jersey has taken in more than $4 billion in bets, and the last three months have a lot to do with it.

Just look at the numbers.

• August handle: $667.9 million
• September handle: $748.5 million
• October handle: $803 million

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So out of the $4 billion, more than 50% of the wagers have been placed over the last three months.

Clearly the shift in he pro sports calendar as a result of the COVID-19 stoppage is having a lasting impact. Remember all four major pro sports were sidelined during the months of April, May, and June.

They slowly started returning in July, but things really didn’t get rolling again until August.

Now with NFL betting season in mid-season form, the industry is showing no signs of slowing down.

FanDuel + Meadowlands still dominating

Once again, there were no surprises regarding the market leader. The Meadowlands Racetrack crushed the field with $29.8 million in revenue.

Out of that total, $29.3 million came via online.

It’s NJ Gambling Sites’ understanding that the bulk of this number can be attributed to FanDuel Sportsbook. However, PointsBet NJ also operates under the license.

Resorts Digital, which is led by DraftKings Sportsbookand Fox Bet, finished an extremely distant second with $14.6 million. The Resorts-branded app also operates under the license.

Borgata, consisting of BetMGM Sportsbookand Borgata Sports, followed in third with $4.3 million.

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In terms of market share, Meadowlands still has the biggest chunk with 50.8% for October.

NJ sports betting + online casino= winning hand

Looking at the October numbers a whole, it’s hard to ignore the $93.4 million in NJ online casino revenue.

This is the first time ever that number has crossed the $90-million mark. Fittingly, it comes as the industry is about to celebrate the seventh anniversary of its launch.

But here is why this number is significant. The majority of operators have sports betting and casino platforms integrated in the same app. This means the cross-selling model continues to pay dividends.

Resorts Digital is a perfect example, reporting $21.6 million in Internet gaming revenue. Combined it with the sports betting revenue, and the grand total comes out to $36.2 million.

Bally’s Atlantic City, as a land-based operation, only earned $11.5 million in total gaming revenue.

Looking ahead to November revenue

Like previous months in 2020, November’s NJ sports betting revenue will include a couple of interesting twists.

For one, the NBA and NHL regular season starts are delayed as a result of the much later finishes to their respective seasons.

Right now, the majority of the spotlight belongs to NFL and college football betting.

The Masters is the wild card. The PGA Tour major, which typically follows March Madness betting, is making an extremely rare fall appearance.

This is the first time the event is being played in November. Plus, NJ sportsbooks are going all out for Masters weekend.

Web casinos can recognize bets from any country where it is legal to play online gaming.The scenario in the United States, though, is very distinct. 7 7 7 slot machine. For example, in the UK, the Gambling Commission controls online play just as it controls betting stores, pool and gaming equipment at arcades, live games, athletics, and sports.Tools for geolocation are crucial. Who can perform and where they can perform is regulated by the target country’s laws. Online casinos need to be prepared to say the location of their games.

Then there is the NBA Draft, which is usually held every summer. This year’s version is taking place Nov. 18, but it’s unlikely to attract a significant amount of wagering.

However, DraftKings is offering odds on everything from the No. 1 overall pick to player draft position to school specials.

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But here’s the bigger question: Is the $803 million record here to stay or will New Jersey be looking at its first $850-million month?