New Jersey Sportsbooks Overcome 16% Year-Over-Year Handle Drop in September

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New Jersey Sportsbooks Overcome 16% Year-Over-Year Handle Drop in September
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Despite a year-over-year decline, New Jersey's online and retail sportsbooks produced a $1.09 billion handle, the highest total since March.

The Garden State’s online and retail sportsbooks produced a double-digit hold on a $1.09 billion handle, the highest total since March.Despite a 16.7% year-over-year handle decrease in September, the Garden State’s sports betting operators still hauled in $119.6 million, the second-most revenue ever. $1.1 billion was wagered at online and retail sportsbooks in September, up 56% from August.

Operators only produced a 4% hold on football, but the wildness of the first few weeks of the NFL certainly helpedFanDuel claimed the biggest chunk of September online revenue with its $48.8 million haul, double what the sportsbook produced in August. BetMGM went from $5.4 million in August to $7.8 million in September and is approaching $50 million in 2024.

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