New Jersey Sports Betting Handle Drops 5.8% to $766.8M for Month of June

by Ciaran McEneaney - Monday, July 19th, 2021 10:24

The New Jersey Division of Gaming Enforcement has released its latest monthly revenue report revealing that the state’s licensed sportsbooks reported a sports betting handle of $766,888,420 for the month of June. This marks a 5.8% drop on May’s handle of $814,270,654.

Despite the lower overall handle, sports wagering revenue grew by 34.5% month-on-month to $71,267,544. June’s revenue figures also mark a 463.8% increase on June 2020’s figures when the sport wagering industry was in the midst of a huge downturn as a result of the global pandemic.

Online sportsbooks reported a mobile wagering handle of $683,020,655 down 7% on May’s online handle of $734,654,926. Online bets accounted for 89% of the overall handle. Meanwhile, retail sportsbooks reported a handle of $83,867,765 up 5.2% from May’s retail handle of $79,615,728.

Sports wagering gross revenue for the month totaled $71.3M bringing the year-to-date total for the first six months of the year to $368.3M. Sportsbook operators paid $682,465 in sports wagering taxes at 8.5% while internet sports wagering taxes (taxed at 13%) amounted to $8,050,300. This gives a grand total of $8,732,765 in sports wagering taxes paid to the state during the month of June.

Basketball remains the most popular sport for NJ gamblers in 2021 with a year-to-date sports betting handle of $1,671,601,220 resulting in a win total of  $61,205,937. Baseball comes next on the list with a year-to-date handle of $514,902,346 resulting in a win total of $20,873,919.

Ciaran McEneaney

Ciaran has a decade of experience writing for some of the biggest names in the eSports, poker, and casino industries.