New Jersey has become the premier sports betting market in the country, and the state just saw a record $803 million wagered in October.
The return to a more normal, seasonal lineup of sporting events helped fuel the state's growth, which is now pulling away from other jurisdictions with legal sports wagers. And though the sportsbooks in New Jersey have retail operations set up at most of New Jersey's casinos and racetracks, the online channel accounted for 93% of the bets placed last month.
It is Flutter Entertainment 's (OTC: PDYPF) FanDuel and DraftKings (NASDAQ: DKNG) that are leading the way by a large margin.
For further details see:
How FanDuel and DraftKings Helped New Jersey Set a Sports Betting Record