New Jersey was the third state to accept a bet. There are more than 20 sportsbooks in the state and the law provides for another 20. With all the competition and the slightly “hands-off” approach the New Jersey government takes, the state has been hauling in tax revenue that would be the envy of any state. New Jersey actually beat Nevada in monthly handle for the entire year of 2021, although that claim is somewhat spurious given that New Jersey’s population is about three times that of Nevada.