October Sports Betting Nandle Driven By Mobile Access
December 1, 2020
As the nation's October sports betting handle numbers came rolling out of the top producing states in the nation, two things became very clear. First, the state of New Jersey has officially laid claim to being the top sports betting state in the country. Second, the legal sports betting industry has officially become a runaway train.
In October, the Garden state reported sports betting handle of $803,096,172. That number represents a single month state record covering the entire country. That includes any numbers reported before the start of the pandemic.
Coming in at second in the nation for October was Nevada. While setting the state record for sports betting handle, Nevada saw an astounding $659,222,395 come through the betting windows. This is a strong number given that Nevada is the only state in the top four that still requires sports bettors to register for their sports betting accounts in person before they can access mobile gambling sites. The division of handle fell as follows: $376,842,105, or 57.1% coming from mobile gambling and the rest coming from the state's retail sports betting outlets, most of which are located in Las Vegas mega-casinos.
It's noteworthy that Nevada's October handle crushed the $614,118,812 that was recorded during November 2019. Year over year, the October 2020 handle exceeded the total recorded in October of 2019 by 20%.
Coming in at 3rd in the country was Pennsylvania with Indiana coming in 4th. The two states recorded October sports betting handle of $525,802,524 and $230,932,251. With the state of Illinois now accepting sports wagers, there is a strong chance that neighboring Indiana's handle will be falling back a bit.
A look at the mobile sports betting handle tells a very important story. While 57.1% of Nevada's bets came through mobile apps, New Jersey came in at 92.6% followed by Pennsylvania at 89,8%, and Indiana at 83.6%.
The Future Looks Bright for the Sports Betting Industry in America
While New Jersey, Nevada, and Pennsylvania are currently dominating the U.S. sports betting market, that domination might be temporary. As of yet, highly populated states like California, Texas, New York, and Florida haven't passed sports betting or online gambling regulations. When they do, the nation's sports betting handle and collective revenue are sure to explode.
As a reminder, it looks like land-based casinos throughout the country are moving towards closures. Should that happen, this could be an incredible holiday season for the nation's online bookmakers.