New Jersey sports betting handle hits $814m

Sports Betting

New Jersey continued its sports betting dominance as the Division of Gaming Enforcement reported $814.2 million in total sports betting handle for the month of May, a nearly 9% increase from April’s total of $747 million.

Sports wagering gross revenue was $52.9 million for May. The Division of Gaming Enforcement reported New Jersey took in $374.2 million in total gaming revenue for May, compared with $95.9 million in May 2020, an increase of more than 290%.

To date in 2021, New Jersey has taken in $1.72 billion in total gaming revenue compared with $929.7 million in the first five months of 2020, an increase of 85%.

Only two casinos in the state reported revenues losses in May, as Golden Nugget Online Gaming reported sports betting revenue losses of $87,211 and Resorts reported revenue losses of $383,005.