The Garden State hauled in $652.3 million in wagers while sportsbooks enjoyed the fourth-highest hold since online sports betting began.
New Jersey sports betting operators bounced back after a rough June to generate a 12.2% hold that produced $80 million in revenue for July.a 31.2% year-over-year revenue increase by casinos, racetracks, and online partners. The Garden State joined New York as the only two sports betting markets to surpass $4 billion in revenue all-time.
The Garden State filled its coffers with $10.3 million, up from the $7.8 million in June and pushing the year-to-date total past $84 million. revenue on a handle of more than $197 million. Basketball saw an expected drop off with only the Olympics and half of a WNBA schedule to produce $56.2 million of wagers and $3 million of profit.
FanDuel led the Garden State with $31.9 million in revenue, up from June’s $29.1 million. DraftKings saw an 80% month-over-month increase in profits with $25.9 million in July, putting the online sportsbook over $150 million for the year.
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