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New Jersey Saw $2.64 Billion in Sports Betting in 1st Year After Legalization

Legalizing sports betting has been a massive revenue generator for the state of New Jersey.

The Associated Press' Wayne Parry reported bettors placed almost $2.64 billion worth of wagers since New Jersey Gov. Phil Murphy officially permitted the practice last June. New Jersey's overall gambling revenue climbed to more than $265 million as well, a 24 percent rise from the year before.

This article will be updated to provide more information on this story as it becomes available.

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