NJ sees $251M in July sports bets, lowest so far this year

ATLANTIC CITY, N.J. (AP) — New Jersey’s sports betting market slowed again in July, taking in $251.3 million in bets, the lowest total so far this year.

Figures released Wednesday by state regulators show the state’s casinos and racetracks made $127.5 million in sports betting revenue in July. That’s up more than 23 percent from a year ago, when sports betting was in its infancy in New Jersey.

July’s betting market was primarily baseball, which does not tend to attract as much action as football.

And other states continued to expand their sports betting offerings, particularly online in neighboring Pennsylvania.

The Meadowlands Racetrack continued to dominate the state’s sports betting market so far this year with nearly $67 million in revenue — more than half of all sports betting revenue in the state.

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This story has been corrected to show that the Meadowlands revenue total of nearly $67 million is for the year to date, not for July.