Sports betting

New Jersey becomes first state to surpass $1bn in turnover for a single month

Online accounts for more than 90% of total amount staked as revenue comes close to eclipsing state’s all-time high

The return of the NFL coincided with New Jersey sports betting turnover hitting $1.01bn (£733.1m) during September – the first time any state has managed to reach the billion-dollar mark. It meant that September’s total was a 35.1% increase on the $748.6m staked in the same month a year ago. Revenue, which is considered a…

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