New Jersey sports betting revenue soars in September

New Jersey’s sports betting handle effectively doubled from August to September, thanks to a new NFL season and a host of new operators launching their products.

Figures released Friday by the New Jersey Division of Gaming Enforcement (DGE) show the state’s licensed sportsbooks handled just under $184m in wagers in September, nearly twice the $95.4m the state’s books handled in August.

Online betting handle came in just under $105m, while land-based betting at Atlantic City casinos and state racetracks added $79m. The online figure is five times August’s total, reflecting the seven online/mobile wagering options bettors had in September versus just one (DraftKings) for all but a few days in August.

Sports betting ‘revenue’ – into which the DGE bundles pending wagers that have yet to be decided – totaled just under $24m, compared with $9.2m in August. September’s actual revenue from ‘industry completed events’ totaled $18.8m, which still amounts to nearly three-quarters of total ‘completed’ betting revenue since the state began its legal betting market in mid-June.