New Jersey Sportsbooks Show Signs of Growth Again in August
New Jersey's retail and online sportsbooks handled $546.8 million in bets in August, up 2. 8% from July. The legal sports betting handle for New Jersey last month was down more than 17% when compared to August of 2021. However, revenue earned by the state’s bookmakers in this year was $65.3 million, which is up 45% compared with July and an increase of 25.5% on a year earlier.
New Jersey sportsbooks saw a slight rebound in August. The last four months of reported handle for the state have been lower than the same months in 2021. Meadowlands Racing and Entertainment was the top sports-betting licensee in New Jersey in terms of revenue for August, with $33.2 million. New York launched online sports betting in January.
