New Jersey’s governor says his state could be the top sports betting market in the nation as soon as next year.

Speaking Wednesday at the Betting On Sports America conference, Democrat Phil Murphy predicted New Jersey’s fast growing sports betting market could surpass that of Nevada by next year.

In the 10 months that New Jersey has allowed legal sports betting, gamblers have wagered more than $2.3 billion, a pace that would put it in the same conversation as Nevada, which took in more than $5 billion in bets last year.

New Jersey Gov. Phil Murphy addresses an audience at the Betting On Sports America conference, Wednesday, April 24, 2019, in Secaucus, N. (AP Photo/Julio Cortez)
New Jersey Gov. Phil Murphy addresses an audience at the Betting On Sports America conference, Wednesday, April 24, 2019, in Secaucus, N. (AP Photo/Julio Cortez)

“Nevada is clearly in our sights,” Murphy said. “We can overtake it as early as next year.”

New Jersey won a U.S. Supreme Court case last year that cleared the way for all 50 states to offer legal sports betting should they so choose. Eight currently do, with many more considering it.

Gambling analyst Chris Grove of Eilers & Krejcik Gaming, says it’s possible that New Jersey could become the top market next year due to a number of advantages.

An attendee walks near a logo outside of the Meadowlands Exposition Center during the Betting On Sports America conference, Wednesday, April 24, 2019, in Secaucus, N. (AP Photo/Julio Cortez)
An attendee walks near a logo outside of the Meadowlands Exposition Center during the Betting On Sports America conference, Wednesday, April 24, 2019, in Secaucus, N. (AP Photo/Julio Cortez)

“New Jersey’s population advantage, drive-in traffic from New York, and superior mobile sports betting product are the primary forces driving New Jersey ahead of Nevada,” he said. “It’s not a guarantee, but it’s certainly plausible.”

New Jersey has nearly 9 million residents, about three times that of Nevada, where gambling is a tourist-driven industry.

Jim Plousis, chairman of the New Jersey Casino Control Commission, said the trends make the shift possible.

Phoenix Jagger, a contractor working a Playtech booth at the Betting On Sports America conference, displays soccer betting market results on a large touchscreen, Wednesday, April 24, 2019, in Secaucus, N. (AP Photo/Julio Cortez)
Phoenix Jagger, a contractor working a Playtech booth at the Betting On Sports America conference, displays soccer betting market results on a large touchscreen, Wednesday, April 24, 2019, in Secaucus, N. (AP Photo/Julio Cortez)

“It would mean bragging rights, not just for the country but for the whole world in terms of making this the place people in this industry want to be,” he said.

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This is a general view of exhibitors at the Betting On Sports America conference, Wednesday, April 24, 2019, in Secaucus, N. (AP Photo/Julio Cortez)
This is a general view of exhibitors at the Betting On Sports America conference, Wednesday, April 24, 2019, in Secaucus, N. (AP Photo/Julio Cortez)
Former Philadelphia Eagles NFL football running back Brian Westbrook, left, talks with former Philadelphia Phillies baseball first baseman Ryan Howard, center, and Wayne Kimmel, partner at SeventySix Capital, during a panel talking about the move from professional athlete to entrepreneur at the Betting On Sports America conference, Wednesday, April 24, 2019, in Secaucus, N. (AP Photo/Julio Cortez)
Former Philadelphia Eagles NFL football running back Brian Westbrook, left, talks with former Philadelphia Phillies baseball first baseman Ryan Howard, center, and Wayne Kimmel, partner at SeventySix Capital, during a panel talking about the move from professional athlete to entrepreneur at the Betting On Sports America conference, Wednesday, April 24, 2019, in Secaucus, N. (AP Photo/Julio Cortez)
New Jersey Gov. Phil Murphy addresses an audience at the Betting On Sports America conference, Wednesday, April 24, 2019, in Secaucus, N. (AP Photo/Julio Cortez)
New Jersey Gov. Phil Murphy addresses an audience at the Betting On Sports America conference, Wednesday, April 24, 2019, in Secaucus, N. (AP Photo/Julio Cortez)

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