Legal sports betting is live at casinos and racetracks across New Jersey. The state’s first bets were made at 10:33 a.m. June 14, 2018, at a ceremony held at Monmouth Park’s William Hill Race & Sports Bar.And with that, the NJ sports betting market was off and running. Legal Sports Betting Age in New Jersey The legal age for sports betting in New Jersey is 21 years – both online and at real-life locations. Casinos carry the same age limit of 21, although minors can go inside, so long as they don’t drink or gamble. New Jersey was the third state in the US to implement legal and regulated sports betting after the repeal of the Professional and Amateur Sports Protection Act (PASPA), putting it on the same playing field as Nevada— where sports betting had been legal for many years— and Delaware, the first state to have launched sports betting after the. New Jersey Sports Betting – Bet On Sports Legally In NJ New Jersey is a state that features legal sports betting via legislation that was enacted after PASPA's removal in 2018. In 2010, a referendum proved to the then-NJ governor Chris Christie that there was quite a lot of support within the Garden State to bring legal sports betting to New Jersey. By 2012, NJ had passed a law that regulated sports betting on the basis that PASPA was unconstitutional because the federal government was overstepping its boundaries into.

The sports betting records in NJ just keep coming.

The state’s sportsbooks took $996.3 million in handle in December, the most ever by any state. December handle was up around 7% from the $931 million wagered in New Jersey sports betting in November.

Sports betting revenue hit $66.4 million for a hold rate of 6.6%, according to the state report.

That shook out to $7.6 million in taxes paid to the state.

All-time highs for NJ sports betting

When Did Sports Betting Become Legal In Nj

The revenue tally was also a new record for NJ sports betting, beating October’s $58.5 million and January 2020‘s $53.6 million.

December’s results meant New Jersey sports betting handle hit the $6 billion mark for the year, another first.

For the year, handle was up 31% from 2019‘s $4.58 billion total. And if the case for mobile sports betting needed any more weight, 94% of all handle was taken online, influenced in part by the coronavirus pandemic.

Of course the figures are pumped up by New York residents crossing the border to bet on their phones. But that may well continue for some time to come if NY Gov. Andrew Cuomo imposes a monopoly system on the state.

Football remains king

New Jersey Sports Betting Bill

Football was again the most popular sport with $323 million in bets, followed by basketball with $253 million. Parlays accounted for $223 million in handle.

Elsewhere, TheMeadowlands and its two partners, FanDuel Sportsbook and PointsBet, took the top spot in the market with $33.2 million in revenue. FanDuel accounts for the overwhelming majority of that revenue

Resorts Digital, partnered with DraftKings Sportsbook and FOX Bet, was second with $15.4 million. DraftKings drives most of the revenue for that duo.

In third place, BetMGM and land-based casino Borgata did $7.5 million. Meanwhile, Monmouth Park and partners William Hill, theScore Bet and PlaySugarHouse finished in fourth with $4.2 million.

Sports Betting In Nj

The Ocean Casino license came in fifth with $3.5 million. That includes the retail book in Atlantic City plus signups for William Hill via Ocean. William Hill operates under three different licensees.