Nj Sports Betting Revenue
That has translated into over $194 million in revenue for the sportsbooks, and over $22.6 million in tax revenue for the state.
Nj sports betting revenue. New jersey sports betting handle and revenue soared in september.the monthly report released by the division of gaming enforcement showed nearly $184 million bet and $24 million in revenue for the books. The overall sports betting handle since june 2018 is $1.63 billion!
$298,700,882 online sports betting total revenue (new jersey) So far, the state has mostly relied on retail sportsbooks, but sportsbook apps started going live in may 2019, and should dramatically increase both handle and revenue.
Many are surprised at this news. New jersey is still home to the largest sports betting industry in the country.
December was yet another very good month for nj online sports betting. Although february’s figures illustrate online sports betting revenue added more than $46 million to bank accounts, the hold rate was 6.21 percent.
Since the launch of sports betting in nj, more than $2.9 billion in wagers have been placed. January nj sports betting revenue came in at $82.64 million, an increase of 54% over the same period last year.
That represented a decline of 16.9% in a year in which the casinos were closed for 3 1/2 months. The revenue tally was also a new record for nj sports betting, beating october’s $58.5 million and january 2020‘s $53.6 million.
The new jersey division of gaming enforcement on wednesday released its monthly revenue figures, reporting a total handle of $95.6 million and gross revenue of $9.18 million for the sportsbooks across the eight licensed nj sportsbooks that reported on the month’s operations. Online poker’s revival continued in july, with $4.8 million in revenue — up significantly over july 2019’s $1.9 million.
Nevada has a much lower tax rate of 6.75% for all types of sports bets. Figures published by the new jersey division of gaming enforcement (njdge) show that total gaming revenue for the month stood at $346.4m (£249.0m/€287.1m), which was 15.3% more than january last year and also 10.7% higher than december 2020.
Nj online sports betting revenue. Monmouth park was the first to open its betting windows, followed.
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