New Jersey sports betting handles increase in August

New Jersey reported strong sports betting handle totals for August as the state enters a lucrative fall season for NFL betting.

The New Jersey Division of Gaming Enforcement reported total sports wagering processing volume of $664.7 million in August, up 14.9% from July’s total of $578.7 million.

The state reported total gaming revenue for the month was $427.7 million.

Out of a total of $427.7 million, total sports betting revenue was $52 million.

All of the state’s casinos reported positive sports betting earnings in July, but the Golden Nugget reported a loss of $9,107.

casino licensee Sports betting earnings in November 2021 Sports betting earnings in October 2021
Bally’s (Premier) $164,912 $162,945
Borgata $7,773,891 $8,012,702
Caesars $891,405 $631,641
golden nugget $38,415 $83,888
golden nugget online game $174,112 $54,659
Hard Rock $1,333,563 $1,029,292
Harrah’s $101,694 $(67,076)
Ocean Casino $830,334 $415,121
Resort $81,818 $66,546
resort digital $22,448,197 $15,924,149
Tropicana $3,644,951 $2,226,743

Meadowlands Racecourse continued its dominance in sports betting revenue in the state, with revenues surpassing $26.8 million in August.

racetrack licensee Earnings in November 2021 Earnings in October 2021
freehold raceway $7,927,171 $6,969,453
Meadowlands $64,399,740 $44,099,790
Monmouth Park $4,978,520 $4,542,182

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