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New Jersey sports operators accepted $917 million in wagers in June, a 16% increase from June 2025.
Despite the higher volume, NJ sports betting revenue fell 37.7% year-over-year from $91.9 million to $57.3 million, according to figures released by the New Jersey Division of Gaming Enforcement.
The DGE said the lower revenue primarily reflected patron winnings associated with the NBA Finals and FIFA World Cup games as bettors also took advantage of NJ sportsbook bonuses.
Bettors get the better of operators in June
Brian Tyrrell, faculty director of Stockton University’s Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism, said the decline was “not due to a decline in handle, but rather a decline in win percentage.”
That lower win percentage was reflected in the statewide hold. Based on DGE figures, NJ sportsbooks kept approximately 6.2% of wagers, or just over $6 for every $100 bet, compared with 11.6% in June 2025.
Tyrrell said New York Knicks betting during their unexpected championship run may have contributed, though he noted it was difficult to determine from the available data.
Online wagering dominates as retail books lose money
Nearly all of June’s wagering took place online. NJ wagering apps handled $891.9 million, representing 97.2% of the statewide total, compared with just $25.3 million wagered at retail sportsbooks.
Online revenue fell 36.5% but remained just under $60 million. Retail venues collectively lost $672.7K, a 209.8% decline from June 2025.
Meadowlands Racetrack lost nearly $1 million, while Monmouth Park generated $404.8K. Borgata Atlantic City led retail wagering at $262K.
FanDuel and DraftKings lead despite sharp declines
FanDuel Sportsbook NJ and DraftKings retained the top two spots, but neither escaped the broader downturn. FanDuel led with $25 million in revenue despite a 30.2% decline, while DraftKings Sportsbook NJ dropped 43.7% to $13.7 million.
Bet365 Sportsbook NJ was the clearest exception among the leading operators. Its revenue climbed 38.9% to $6.7 million, placing it third for the month in revenue.
Fanatics Sportsbook NJ suffered the steepest decline among the major operators at 76.2%. Caesars Sportsbook NJ also struggled, with revenue falling 70% through Tropicana and 72% at Monmouth Park.
BetMGM Sportsbook NJ followed with $4.5 million. Hard Rock Sportsbook NJ bucked the wider trend with a modest 4.1% increase.
Revenue trails last year through first half of 2026
New Jersey operators have generated $513 million in revenue through June, down 7.1% from $552 million during the same period last year.
Online revenue stands at $503.5 million, down 6.1%. Retail operators have added $9.4 million, a 39.2% decline from the first six months of 2025.
The year-to-date handle has reached around $5.7 billion. Sports wagering has also generated $107.3 million in taxes through June, including $12.5 million during the latest month.
June showed that higher wagering volume alone will not close the revenue gap if holds remain below last year’s levels.
