by Michael Molter | Jan 24, 2024 5:16 pm | Revenue
Sportsbooks in New Jersey kept over $1 billion from their near $12 billion handle. Parlays represented 25% of NJ’s sportsbook intake but over 50% of their revenue. Basketball ($2.68 billion) beat out football ($2.30 billion) as the sport with the most money bet...
by Zachary Kelley | Jul 21, 2023 1:32 pm | Legal
PlayUp Sportsbook was shut down by the New Jersey Division of Gaming Enforcement for multiple non-compliance issues. The New Jersey sportsbook failed to deliver financial information by the July 14 date requested by the Division after multiple requests. A revocation...
by Giovanni Shorter | Apr 19, 2022 3:06 pm | Revenue
New Jersey sportsbooks saw $1.1 billion bet on sports in March 2022. More than 90% of the total handle came from mobile and online sportsbooks. March Madness betting carried the market, with over 17 million basketball bets in March. TRENTON, N.J. – New Jersey sports...
by Jerad Paparella | Mar 17, 2022 1:26 pm | Legal
New Jersey’s sportsbooks had a rough month in February, with sports betting handles down a significant 26.9%. The decrease in handle led to New Jersey losing its five-month streak of generating a sports betting handle of at least $1B. TRENTON, N.J. – February...
by Giovanni Shorter | Feb 16, 2022 3:31 pm | Revenue
The New Jersey Division of Gaming Enforcement reported a record-breaking $1.3 billion was wagered in sports in January. 90% of the total betting handle came from mobile sportsbooks but revenue is slightly down 26.9%. TRENTON, N.J. – The New Jersey sports betting...
