New Jersey Sports Betting Back On Track With August’s Report

• The Meadowlands and Resorts Casino still consist of the heavy majority of all New Jersey sports betting action.
• The state’s sportsbooks kept $22 million in revenue for the month – the most since March of this year.
• With NFL betting back on the books, setting an all-time sports betting handle record should be expected.

ATLANTIC CITY, N.J. – Sports betting in New Jersey is back on the rise, after the most recent report released by the New Jersey Division of Gaming Enforcement.

In August, New Jersey took in $293,594,862 in wagers at the ten land-based sportsbooks in New Jersey as well as their online platforms.

The report also detailed that the state’s books kept $25,210,342 of that betting handle as revenue, before their required tax contributions to the state.

After sending just over $3 million to the state coffers, the books were left with over $22 million in revenue for the month.

Over half of this revenue came as a benefit from just one of the seventeen current sportsbook locations in New Jersey – The Meadowlands. With a strong lead from their online platforms (FanDuel and PointsBet), The Meadowlands was responsible for $11.87 million of the state’s revenue.

Resorts Casino (DraftKings, BetStars, and ResortsCasino) came in second, making more than $7.2 million in revenue for the month.

These high numbers helped the state post their best sports betting revenue number since March of this year, made much easier from a betting handle that surpassed the previous few months as well.

The sportsbooks also kept 8.59% of all betting action – the highest mark since September 2018.

In terms of the year-to-year progress, August sports betting in New Jersey in 2018 only had eight books open for operation, with an online presence at only three locales. Still, the handle was roughly $200 million more than last year, as the revenue increased nearly three-fold.

With NFL betting action back in the swing of things, expect to see the sports betting handle in New Jersey reach all-time highs in the next few months.

As more online operators continue to flood the market, the ease of availability for New Jersey sports betting has never been so easy.

News tags: BetStars | DraftKings | FanDuel | Meadowlands | New Jersey | PointsBet | Resorts Casino | ResortsCasino