New Jersey Sports Betting Revenue Report

New Jersey Sports Betting Revenue Report. The betting handle totaled $165, up about $47 million. In november, the state collected $14.6 million in taxes.

NJ Politics Digest What Christie Thinks of Efforts on from observer.com

Overall, the garden state record $16.4 million in sports bets since new jersey legalized gambling earlier this month. Here’s how new jersey sports betting revenue breaks down by operator for november: Monthly sports wagering revenue reports are issued in conjunction with the monthly press release four business days after receipt at 2:00 p.m.

Source: venturebeat.com

Per nj.gov, the njdge has released july betting revenue numbers. The sports betting revenue for the month was $60.8 million, and that was also an increase of more than 360 percent from march 2020.

Source: nj1015.com

Through 11 months, new jersey sportsbooks have generated $756.7 million in sports betting revenue. Information contained on these reports include:

Source: observer.com

Nj sports betting handle for january reported at $540 million. For sports betting revenue and handle, visit the nj sports betting revenue page.

Source: www.playnj.com

The $52.55 million from sports betting taxes through july is more than the $50.02 million collected all last year. The sports betting revenue for the month was $60.8 million, and that was also an increase of more than 360 percent from march 2020.

Source: www2.philly.com

In aggregate, that activity has translated into roughly $36.2 million in revenue. So far in 2021, those same books have reported $4.9 billion in bets and $361 million in revenue thanks to a 7.4% hold.

In total, operators took in over $260 million in wagers.

Inside the nj sports betting numbers. Here’s how new jersey sports betting revenue breaks down by operator for november: Nevada has never surpassed $500 million in handle in any january.

The nj sports betting gross revenue number of $53.6 million stands out even more.

New jersey sportsbooks earned $52,895,430 in may, over 90% of that through online betting. Sports wagering gross revenue was $52.9 million for may. That revenue is taxed at 51%.

Nj online sports betting handle & revenue history since launch.

That’s a drop of 3.5% from april, or 6.7% after accounting for the number of days in each month. So far in 2021, those same books have reported $4.9 billion in bets and $361 million in revenue thanks to a 7.4% hold. Through 11 months, new jersey sportsbooks have generated $756.7 million in sports betting revenue.

New jersey revenue numbers show sports betting growing rapidly, especially online.

Monthly sports wagering revenue reports are issued in conjunction with the monthly press release four business days after receipt at 2:00 p.m. Per nj.gov, the njdge has released july betting revenue numbers. So far in 2019, bettors have placed just over $705 million in wagers in new jersey sportsbooks.

Overall, new jersey’s hold percentage, or revenue divided by handle, is 5.1 percent for 2019.

Overall, the garden state record $16.4 million in sports bets since new jersey legalized gambling earlier this month. In the first revenue report showing nj internet betting, sportsbooks produced $9.2 in total revenue with draftkings sportsbooks nearly $3 million alone. In november, the state collected $14.6 million in taxes.

Share this post