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FinancialSports Betting

Super Bowl bets grow 116% year-on-year in New Jersey

Wagers on this year’s Super Bowl in the state of New Jersey totalled around $117.4m, a 116% increase from 2020.

super bowl

Preliminary statistics from Atlantic City casinos and horse tracks show that wagers on Super Bowl LV between Tampa Bay Buccaneers and Kansas City Chiefs resulted in a win of $11.3m for the state’s sportsbooks, with a projected payout of $106.1m.

New Jersey’s figures include its 12 retail sportsbooks and 21 sports betting mobile apps, compared to its 10 sportsbooks and 19 online betting operators last year. 

In 2020, wagers reached $54.3m, with operators losing $4.3m on Super Bowl LIV, where the Chiefs defeated San Francisco 49ers.

New Jersey sportsbooks earned an annual handle of more than $6bn in 2020, with revenue reaching $399m. The state generated $50m in tax revenue in 2020 from sports wagering.

December itself saw handle rise to a record $996m, with an all-time national high revenue of $67m. It was the fifth consecutive month that New Jersey set a national handle record.

Since the US Supreme Court lifted its ban on legal sports betting, twenty states and the District of Columbia now offer such wagers, with five further states having been approved to do the same.

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