New Jersey Sportsbooks See Super Bowl Bets Grow 116% From 2020

Super Bowl bets in New Jersey more than doubled from a year ago, reflecting the growing popularity of legal sports gambling.

Preliminary stats from Atlantic City casinos and horse tracks show that wagering on this year’s big game totaled roughly $117.4 million, with a projected payout of $106.1 million, state regulators said Monday. That resulted in a win of $11.3 million for the sportsbooks.

Legal sports betting outside Nevada has taken off since the U.S. Supreme Court lifted a ban three years ago. Twenty states and the District of Columbia now offer such wagers, and five more have approved it but have yet to start.

New Jersey’s figures include the state’s 12 retail sports books and 21 sports-wagering mobile apps.

The numbers compare with $54.3 million in total wagers last year, when the state’s 10 sports books and 19 online betting operators lost $4.3 million on the game.

Legal sports betting generated $1.6 billion in revenue last year among the more than two dozen companies active in the business, according to the research firm Eilers & Krejcik Gaming.

©2021 Bloomberg L.P.

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