The New Jersey Division of Gaming Enforcement reported sports wagering adjusted gross revenue totaling just over $96 million for August as sportsbooks continued a historic summer rout of Garden State bettors.
That was good for the third-highest revenue for operators in state history, trailing the record $114.8 million established in November 2021 and the $98 million accrued last September. Six of the state’s top 10 all-time monthly operator revenue totals have come in the last 12 months of wagering, during which the house has claimed $941.9 million in revenue.
Sportsbooks statewide fashioned a collective 13.2% hold, the highest in the mobile era that began in August 2018 and one which trails only the 21.1% win rate when New Jersey launched in June of that year. It was the fourth consecutive month with a double-digit hold, furthering an unprecedented streak that began in May. Garden State sportsbooks had posted only four win rates of 10% or higher prior to this run.
Handle surged to $725.8 million, up 32.8% from the same month last year, as New Jersey became the first state in the post-PASPA era to accept more than $40 billion worth of wagers. August’s handle was up 23.6% compared to July and also lessened the decline in year-to-date handle versus 2022 to 5.7% with $6.5 billion in bets made.