This Week in Gambling: US sports betting growth and expansion

Half of all the states in America now regulate betting on sports, and more are sure to follow. This week J. Todd looks at the gambling news of U.S. sports betting as it continues to grow and shatter records.

Record Pennsylvania sports betting and online gambling revenue in October drove overall market revenue up 12.9% year-on-year, according to new figures from the state Gaming Control Board. Statewide gambling revenue for the month totaled $320.2 million, up from $283.7m in the same month last year, and also 12.7% higher than $284.2 million in September this year.

Meanwhile, New Jersey sports betting enjoyed their first-ever $800 million month, putting the state on the path to the best year in terms of wagering of any legal jurisdiction, a shocking achievement in such an unusual year. New Jersey's online and retail sports books combined to break their own monthly all-jurisdiction record for the third consecutive month with $803.1 million in bets in October.



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