According to the latest reports from the New Jersey Division of Gaming Enforcement, the state’s 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.