New Jersey Sportsbook Revenues Hit $95.6 Million

The state of New Jersey's foray into sportsbetting is paying off already, as books in the state saw revenues rise 139% to $95.6 million in August.

The state's revenues on the activity boosted as the college and professional football seasons geared up to begin, alongside baseball and tennis wagering. The revenues will likely increase moving forward, as the actual seasons get underway and basketball and hockey get underway in just over a month. Punters are still learning how to bet on sports in New Jersey, with online betting coming into play as well.

Casinos and books generated $9.1 million in revenues during the period. DraftKings was the largest book, bringing in $2.97 million in online gross revenues, followed by SugarHouse, which generated $103,324. PlayMGM, which generated $49,626, came in third. For land destinations, the FanDuel Sportsbook at The Meadowlands led the pack with $3.1 million in gross revenues.

Online casinos are also continuing to do well in the Garden State, as they generated $24.8 million for the month and up 16.6% from the year prior.

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20 September 2018 - 5:21pm

I think there's no surprise in these numbers and in fact as Dustin mentioned above we could expect even higher revenues in the next months because of the season start of some of the major sporting professional leagues in US.