Sports Betting Revenue in New Jersey

Published: Aug 5, 2022 Updated: Nov 9, 2022

New Jersey’s court case effectively overturned PASPA and made it possible for states other than Nevada to legalize sports wagering, greatly benefiting the industry as a whole.

In this article, we will talk about online sports betting revenue of the top-rated sportsbook in the state of New Jersey that will help you make a better decision.

Most US states have already allowed legal online gambling, and the New Jersey sports betting industry is one of those flourishing wagering industries.

Here are New Jersey’s sports betting revenue data, month-by-month

Here is a running list of the New Jersey sports betting revenue reports from when legal bets were first placed in June 2018 to the present day. Below is an explanation for the meaning of each figure:

  • The handle is the amount of money bet on sports.
  • Revenue is the money a sportsbook makes from paying out winning bets.
  • Hold percentage tells sportsbooks about the amount of revenue they held in comparison to the betting handle.
  • The taxes collected by the state and local government make up the state’s tax revenue.

The table below compares the gambling handle (money bet), revenue, and hold percentage of New Jersey with state tax revenue collected each month since legalization.

Month/YearTotal HandleRevenueHold Percentage
State Tax Revenue
June 2018$16,409,619$3,458,66821.08%$337,077
July 2018$40,682,237$3,845,8809.45%$377,015
August 2018$95,634,048$9,198,2729.62%$1,038,073
September 2018$183,948,404$23,775,36612.93%$2,883,517
October 2018$260,711,301$11,686,1194.48%$1,536,282
November 2018$330,748,563$21,243,8656.42%$2,730,521
December 2018$319,173,548$20,814,2226.52%$2,695,290
January 2019$385,279,662$18,777,5824.87%$2,532,619
February 2019$320,368,087$12,732,7403.97%$1,817,553
March 2019$372,451,342$31,669,3878.50%$4,180,051
April 2019$313,719,562$21,215,7476.76%$2,817,206
May 2019$318,940,677$15,536,3844.87%$2,135,704
June 2019$273,222,975$9,701,9253.55%$1,258,541
July 2019$251,371,272$17,884,7907.11%$2,367,745
August 2019$293,594,862$25,210,3428.59%$3,327,589
September 2019$445,563,503$37,883,3758.50%$5,017,875
October 2019$487,924,504$46,393,5379.51%$5,662,148
November 2019$562,675,543$32,895,5465.85%$4,460,461
December 2019$557,786,161$29,424,8845.28%$4,016,635
January 2020$540,113,452$53,561,6269.92%$7,328,175
February 2020$494,813,807$17,000,9283.44%$2,377,923
March 2020$181,908,529$13,181,1017.25%$1,732,276
April 2020$54,593,092$2,634,0504.82%$356,726
May 2020$117,821,281$9,912,0628.41%$1,303,244
June 2020$165,014,553$12,639,2827.66%$1,652,950
July 2020$315,118,805$29,551,9879.38%$3,671,891
August 2020$667,979,150$39,507,1815.91%$4,919,340
September 2020$748,588,349$45,083,1786.02%$5,604,501
October 2020$803,096,172$58,508,6477.29%$7,440,873
November 2020$931,620,415$50,554,5355.43%$6,233,822
December 2020$996,300,794$66,386,5166.66%$8,269,676
January 2021$958,717,526$82,640,9798.62%$10,362,389
February 2021$742,953,328$46,213,8646.22%$5,800,343
March 2021$859,617,961$60,755,4727.07%$7,746,512
April 2021$747,986,522$54,839,2177.33%$6,789,849
May 2021$814,270,654$52,895,4306.50%$6,775,113
June 2021$766,888,420$71,267,5449.29%$8,732,715
July 2021$578,729,290$54,966,2579.50%$4,331,299
August 2021$664,675,859$52,023,0817.80%$6,678,542
September 2021$1,011,114,311$82,440,4208.20%$10,172,247
October 2021$1,303,198,342$84,152,0356.50%$10,583,756
November 2021$1,258,189,436$114,788,7269.10%$14,595,181
December 2021$1,229,561,891$59,047,6734.80%$7,676,197
January 2022$1,348,860,083$60,195,9024.50%$8,019,106
February 2022$985,568,313$30,873,3693.10%$4,292,710
March 2022$1,120,904,954$66,404,3705.90%$8,238,237
April 2022$926,946,780$50,345,8085.40%$6,425,923
May 2022$766,412,352$61,594,0168.00%$7,998,017
June 2022$633,184,861$39,245,2136.20%$4,913,338
July 2022$531,888,333$45,007,3438.50%$5,824,135
Aug. 2022$546,774,394$65,272,38511.90%$8,322,147
September 2022$866,719,412$97,981,12211.30%$12,126,902
Total (since launch)$30,510,337,291$2,124,819,9507.42%$268,487,957

Source:

Monthly Sports Wagering Revenue Reports

Written by:

Andy is a skilled recreational gambler for more than 11 years. His primary focus is on the regulated US online casino and poker markets. Editor-In-Chief at Luckynj.com.
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