NJ sportsbooks continued to slow down in June, as bettors got used to a baseball-heavy sports schedule.
NJ sports betting handle fell 17% month-on-month to $633 million. Revenue also took a hit, dropping 37% to $39 million, per the state report.
Hold for the month was 6.2% slightly above the average for 2022, which stands at 5.3% through June.
Annual decline
That revenue figure also dropped significantly from June 2021, falling 45% year-on-year. Through the year’s first half, NJ sports betting revenues are down 16% from 2021 to $309 million. Analysts have suggested some of that drop-off may be cannibalization from New York.