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NJ Sports Betting Revenue Falls 25% in August

Sports betting operators in New Jersey generated 25% less revenue in August compared to the same month a year earlier
Sports betting operators in New Jersey generated 25% less revenue in August compared to the same month a year earlier.
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Noah Dmello Avatar
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New Jersey sportsbooks generated $61.4 million in August revenue, down 25% from $81.9 million a year earlier.

The decline was steeper than the drop in betting volume. Sportsbooks accepted $732.4 million in wagers on completed events, a 9% decrease from $805.1 million in August 2025. 

The New Jersey Division of Gaming Enforcement published the results on Sept. 16. The agency attributed the decline partly to the later start of certain fall sports schedules, including college football, as well as a lower overall win percentage.

Through the first eight months of 2026, New Jersey sports betting revenue reached $671.4 million, down 5.3% from the same period last year. Handle fell 4.2% to $7.22 billion during that span.

Sports betting slows after record July handle 

August also marked a slowdown from July, when NJ sportsbooks set a July handle record of $816.9 million and generated $97 million in revenue. Handle decreased 10.3% from July, while revenue fell 36.6%.

Online sportsbooks accounted for $59.7 million, or 97.2% of the statewide revenue total. Online revenue declined 24.6% from last year. Retail sportsbooks generated the remaining $1.7 million, down 35.5%.

Meadowlands Racetrack led the retail market with $1.2 million. Atlantic City casinos combined for approximately $419,800, while Monmouth Park generated about $120,900.

Sports wagering produced $12.8 million in state taxes during August, bringing the total through eight months to $140.1 million.

FanDuel and DraftKings maintain lead

FanDuel Sportsbook remained New Jersey’s revenue leader with $22.6 million in August, although its total fell 28.7% from last year. DraftKings Sportsbook ranked second with $16.9 million, down 39.4%.

The two operators combined for $39.5 million, accounting for 66% of New Jersey’s online sports betting revenue.

BetMGM Sportsbook finished third with $5.3 million, a decline of 31.6%. Fanatics Sportsbook generated $4.8 million after reporting a $4.1 million loss in August 2025. Bet365 Sportsbook rounded out the top five with $4.2 million, down 18.9%.

Caesars Sportsbook generated $1.5 million in August revenue. TheScore Bet Sportsbook and Hard Rock Bet Sportsbook each finished at approximately $1.2 million, followed by BetRivers Sportsbook at $915,700 and Borgata Sportsbook at $642,300

FanDuel also leads the market through August with $262.1 million in revenue, down 6.7%. DraftKings has generated $173.9 million, a decrease of 13%. BetMGM, Fanatics, and bet365 remain ahead of their 2025 pace.

Football wagering drops in August

Football betting volume fell sharply in August, with handle declining 63.4% to $26.8 million from $73.4 million a year earlier. Sportsbooks won $1.6 million on football wagers, down 67.9%.

Parlays drew the most wagering activity of any category. Bettors placed $228.6 million in parlay wagers, down 4.8% from last August. 

Sportsbooks won $33.5 million from those bets, accounting for more than 60% of the total win from completed events. That figure was 26.7% lower than a year ago.

The “other” sports category ranked second with $210.9 million in wagers, a decline of 5%, while baseball handle fell 3.3% to $205.5 million. Basketball was the only category to record an increase, with handle rising 6.2% to $60.6 million.

About the Author
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Noah Dmello

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Noah Dmello is a journalist covering New Jersey’s online gambling market. His work breaks down regulation, operator strategy, and player access into clear, actionable insights. With a background in finance and sports writing, he focuses on accuracy, clarity, and real world impact.

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