Sports wagering may be too young an industry for a state to have a “turn back the clock” month, but New Jersey served notice it still has plenty of juice after the state’s Division of Gaming Enforcement on Monday reported September sportsbook handle totaling $1.3 billion and operator revenue of $111.1 million.
It was the third-highest handle in Garden State history and the 12th monthly total above $1 billion. New Jersey bettors wagered their most since a record $1.35 billion in January 2022, and the only other total higher was the $1.3 billion-plus recorded in November 2021.
Neighboring New York’s rise to prominence following its 2022 mobile launch has eaten into New Jersey’s handle, but time will tell if September’s total in the Garden State is an outlier or the start of a resurgence. It was nearly 50% higher than the $866.7 million in accepted wagers in September 2022 and 79% higher versus August.
Though sportsbooks’ win rate finally cooled off to start the fall — the collective 8.6% hold was the first under 10% since April — the $111.1 million in revenue was still the second-highest operator haul in state history. It was the second time revenue topped $100 million in the Garden State, trailing only the record $114.8 million of November 2021.