Sports Betting Revenue in New Jersey
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
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 of the meaning of each figure:
- The handle is the amount of money bet on sports.
- Revenue is a sportsbook’s money from paying out winning bets.
- Hold percentage tells sportsbooks about the revenue they hold compared to the betting handle.
- The taxes collected by the state and local government make up the state’s tax revenue.
Since 2018, New Jersey has seen a lifetime of legal sports betting. Here are the figures since its inception.
|Meadowlands||FanDuel | PointsBet | SuperBook||$18,745,769,129||$1,342,325,041||7.20%||$184,564,200|
|Resorts Atlantic City||DraftKings | Fox Bet||$7,947,830,605||$555,600,026||7.00%||$78,894,704|
|Borgata||BetMGM | Borgata||$3,479,432,096||$226,422,463||6.50%||$31,866,610|
|Monmouth Park||BetRivers | Caesars||$1,720,913,689||$121,689,957||7.10%||$15,752,328|
|Tropicana Atlantic City||Caesars | Mojo||$730,595,422||$52,727,830||7.20%||$7,307,604|
|Freehold||Barstool | PlayUp | betParx||$729,344,992||$52,901,848||7.30%||$7,431,767|
|Hard Rock Atlantic City||Hard Rock | bet365 | Unibet||$588,255,429||$40,420,043||6.90%||$5,605,815|
|Caesars Atlantic City||WynnBet | 888||$208,463,292||$10,622,630||5.10%||$1,455,853|
|Bally’s Atlantic City||Sporttrade||$203,233,368||$12,546,056||6.20%||$1,566,131|
|Golden Nugget Atlantic City||Golden Nugget | Betway||$170,597,119||$9,507,965||5.60%||$1,186,104|
|Harrah’s Atlantic City||Prophet||$92,515,166||$2,938,820||3.20%||$338,685|