According to the latest reports from the New Jersey Division of Gaming Enforcement, NJ sportsbooks posted a sports betting handle of over $748 million for the month of April.
The latest figures mark a drop of 13% on March’s sports betting handle of $859.6 million and a slight increase on February’s handle of $743 million. However, the month’s handle is up 1,270.1% from April 2020’s pandemic-restricted handle of just $54.6 million.
Operators generated revenue of $54.8 million which resulted in $8.1 million in taxes for the state.
Mobile wagers accounted for 91.1% of the sports betting handle at $681.2 million. Meanwhile, FanDuel once again dominated the market generating at least $26 million in revenue through its partnership with Meadowlands.
As expected, basketball generated the most revenue for operators thanks to the NCAA March Madness Tournament Final Four finishing in April.
Based in London, Natasha is a former sports journalist with experience working for some of the biggest athletes & brands in the world of sports and iGaming.