The New Jersey Division of Gaming Enforcement reported Friday that sportsbooks earned $92.3 million in adjusted gross sports wagering revenue in October with their lowest collective hold dating back to February.
The nearly $1.3 billion handle was fourth-highest in 65 months of legal wagering in the Garden State and represented a 22% year-over-year increase. It was the 13th time New Jersey sportsbooks surpassed $1 billion worth of accepted wagers, leaving it second only to neighboring New York, which has done so 19 times in 22 months of mobile betting.
New Jersey sportsbooks statewide combined to post a hold of 7.1%, the lowest since they fashioned one just shy of 6.5% in February. Revenue, though, was still up 18.4% compared to October 2022 thanks to the substantial bump in handle from the $1.06 billion reported last year.