New Jersey Sportsbetting Handle Hits $926.9 Million in April

Sportsbetting in New Jersey continues to be big business, as handle for the activity hit $926.9 million for the month, up 23.9% from last year, but down 17.3% from the $1.1 billion bet on sports during March.

Revenue was down 8.2% to $50.3 million from last year, and was also down 24.2% from the $66.4 million generated in March. Of the handle, $863.1 million was bet online, accounting for 93.1% of total bets. Online books generated $46.3 million in revenue, or just over 92% of total revenue.

Basketball generated $323.4 million in wagers, up 83.6% from last year, while baseball generated $177.9 million, up from $154.9 million last year.

Now begins a bit of a slow period for sportsbetting throughout the United States, as football is out of season and the NHL and NBA seasons are wrapping up their playoffs. This leaves baseball as the sole major sport in operation until August, when the NFL preseason begins.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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18 May 2022 - 5:12pm

It's interesting to see how high the numbers are for wagers being placed in these populous states. If California ever gets its act together, I'd be fascinated to see what handles and revenue would look like.

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