New Jersey Handled $40.6 million in Sportsbetting Wagers

The state of New Jersey reported that in its first full month of offering sportsbooks that venues handled $40.6 million in wagers across five different venues.

The five different locations handling wagers generating revenues of $3.8 million, up from $3.6 million generated in June, which is surprising given that the activity was only offered for two weeks in June. It's possible that the lack in revenues are because of future bets being placed, including the upcoming NFL and NCAA college football seasons.

The most profitable book was the FanDuel location at the Meadowlands Racetrack, which hauled in $1.36 million, despite only being open for half of the month. William Hill's books at the Monmouth Park and the Borgata Casino brought in $856,000 and $563,000 respectively.

More sportsbooks are slated to open, as Paddy Power Betfair's product will be launching next month. Resorts Casino just launched their product, which is powered by DraftKings.

Speaking about their first month a FanDuel spokesperson said, "We are very pleased with the first month of the FanDuel Sportsbook in New Jersey. We are thrilled that customers are enjoying their experience at the FanDuel Sportsbook at the New Meadowlands Racetrack, and are excited to commence the football season and the opening of our permanent facility."

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22 August 2018 - 8:34pm

Apparently with all of the major sports league in US being in a summer break (with an exception of MLB of course) the revenues right now to be a bit low and underachieving according the expectations but no doubt in the next month or two the figures could only go up and the NFL start of the season should be the apotheosis of all that..or at least a nice start.