NJ Sports Betting Revenue Stands Firm in August With Big Months Ahead

New Jersey sports betting revenue had a solid August performance producing a total sports wagering handle just below $300 million and total revenue of $25 million.

The sports betting events in August do not usually attract a high betting volume as the MLB season is dragging on and the NFL preseason is not viewed as “smart” money opportunities by square bettors. With that being said, the numbers were solid and point to a very strong September for New Jersey online sportsbooks.

NJ Online/Mobile Sports Betting Revenue August 2019

Online/Mobile Sportsbooks	Online Handle	August Revenue	Total Revenue YTD
Meadowlands: FanDuel Sportsbook & PointsBet		$9,269,586	$61,718,601
Resorts: DraftKings Sportsbook & FoxBet		$6,697,318	$39,865,626
Monmouth: William Hill & SugarHouse Sportsbook		$1,388,662	$10,483,441
Ocean Resort: William Hill		$915,129	$7,583,542
Bally's: 888 Sport & Caesars Sportsbook		$340,832	$1,933,431
Borgata: BetMGM		$261,312	$588,391
Golden Nugget: BetAmerica		$181,427	$500,864
Hard Rock		$106,487	$206,158
Tropicana: William Hill		$39,638	$85,222

Totals	$249,237,590	$19,200,391	$122,965,276

NJ Retail Sports Betting Revenue August 2019

Retail Sportsbook	Handle	Revenue	YTD Total Revenue
Meadowlands		$2,597,973	$17,095,266
Monmouth Park		$697,075	$4,160,436
Borgata		$669,669	$2,235,661
Resorts AC		$527,158	$1,810,534
Bally's		$278,169	$1,202,044
Tropicana		$284,335	$949,945
Hard Rock AC		$182,995	$689,978
Ocean Resort Casino		$353,832	$661,532
Golden Nugget		$263,030	$483,096
Harrah's		$155,715	$475,129

Totals	$44,357,272	$6,009,951	$29,763,621

NJ Sports Betting Apps Lead The Way

The August sports betting handle was a nice increase from July which saw roughly $250 million in total wagers placed.

Online and mobile sports betting lead the way once again with just under 85% of bets coming in via an online platform. This is the highest percentage of we have seen since NJ sports betting launched in June 2018.

With the total sports betting handle for retail and online/mobile at $296 million, bettors wagered more than $249 million via online/mobile in August. The NJ online sports betting market also hit a high-mark of 16 mobile sports betting apps available to players in New Jersey.

FanDuel NJ was once again the leader in sports betting revenue for August, but DraftKings NJ did close the gap from previous months.

💰NJ Sports Betting For August 2019 💰

$293.6 million handle

$25 million in revenue

Side note….NJ Online Casino revenue was $41 million

— Bet New Jersey (@BetNewJersey) September 12, 2019