New Jersey online gambling, sports betting earns $127m in August

New Jersey reported record online gambling revenue and sports betting handle in August, as bettors were drawn back online by the resumption of major league play.

Figures released Monday by the New Jersey Division of Gaming Enforcement (DGE) show the state’s licensed online gambling operators reported combined revenue of $87.77m in the month of August, more than twice the $41.1m generated in the same month last year.

August’s total also narrowly edged past the previous monthly record of $87.5m the state reported in July, as online casino revenue soared 115% to $84.7m and the much maligned online poker vertical shot up 77.7% to just over $3m (although the poker total represents a significant haircut from July’s $4.8m).

For the year-to-date, online gambling revenue totaled just under $598m, a 100.7% rise over the first eight months of 2019. Online casino rose 101% to $569.7m while poker is up 96.2% to $28.3m.