NJ sports betting kicked off on June 14 with two physical sportsbooks in the state.
Monmouth Park was the first to open its betting windows, followed immediately by Borgata in Atlantic City. Ocean Resort Casino opened on June 28 with a partially constructed William Hill sportsbook just a few steps off the Boardwalk.
To date, there are nine active sportsbooks in New Jersey plus eight online sportsbook apps. DraftKings Sportsbook app launched statewide on Aug. 6 becoming the first online sportsbook in the state. In September, seven NJ online sportsbooks joined the fray including DFS rival FanDuel Sportsbook and international sports betting giants 888 Sport and BetStars.
On the retail side, Hard Rock Atlantic City signed on with Gaming Innovation Group (GiG) with plans to join the NJ sports betting market by the end of the year. Tropicana opened its temporary book on Oct. 25.
Every month the Division of Gaming Enforcement releases the previous month’s legal sports betting handle and revenue. “Handle” refers to the total amount wagered, while “revenue” is what’s left over after the winning tickets are paid out.
YTD total NJ sports betting handle: $597,368,230
YTD total NJ sports betting revenue: $51,964,303
Below is a rundown of NJ sports betting revenue to date:
Last updated: November 2018.
October 2018
NJ online sports betting revenue, October 2018
| Operator | Handle | Revenue | Taxes Paid | YTD Total Revenue |
|---|---|---|---|---|
| Resorts/ DraftKings Sportsbook/ BetStars | NA | $5,090,253 | $661,733 | $16,566,524 |
| Golden Nugget Sportsbook / SugarHouse Sportsbook | NA | $151,446 | $19,688 | $873,800 |
| Borgata / playMGM | NA | $66,924 | $18,924 | $237,488 |
| Bally's / 888 Sport/ Caesars Sportsbook | NA | $108,359 | $14,087 | $214,821 |
| Meadowlands / FanDuel Sportsbook | NA | $2,427,928 | $315,631 | $5,280,476 |
| Monmouth / William Hill NJ | NA | $608,611 | $79,119 | $679,396 |
| Ocean Resort / William Hill NJ | NA | $385,641 | $49,671 | $677,722 |
| Totals | $174,369,684 | $8,839,162 | $1,158,853 | $24,530,227 |
NJ sports betting revenue, October 2018
| Operator | Handle | Revenue | Taxes Paid | YTD Total Revenue |
|---|---|---|---|---|
| Bally's | NA | $303,240 | $25,775 | $982,870 |
| Borgata | NA | $120,288 | $10,224 | $4,869,581 |
| Ocean Resort Casino | NA | $438,552 | $36,760 | $3,187,409 |
| Monmouth Park | NA | $606,981 | $51,069 | $6,778,541 |
| Meadowlands | NA | $1,114,712 | $95,470 | $9,925,916 |
| Harrah's | NA | $104,448 | $8,878 | $713,735 |
| Golden Nugget | NA | $46,109 | $3,919 | $657,308 |
| Resorts AC | NA | $97,313 | $23,757 | -$6,305 |
| Tropicana | NA | $- | $- | $- |
| Hard Rock AC | NA | $- | $- | $- |
| Caesars | NA | $- | $- | $- |
| Totals | $86,341,617 | $2,831,643 | $255,852 | $27,109,055 |
Read more about the NJ sports betting revenue for September here.
September 2018
NJ online sports betting revenue, September 2018
| Operator | Handle | Revenue | Taxes Paid | YTD Total Revenue |
|---|---|---|---|---|
| Resorts/ DraftKings Sportsbook/ BetStars | NA | $8,505,940 | $1,105,772 | $11,476,271 |
| Golden Nugget Sportsbook / SugarHouse Sportsbook | NA | $619,030 | $80,474 | $722,354 |
| Borgata / playMGM | NA | $120,938 | $15,722 | $170,564 |
| Bally's / 888 Sport/ Caesars Sportsbook | NA | $106,463 | $13,840 | $106,463 |
| Meadowlands / FanDuel Sportsbook | NA | $2,852,548 | $370,831 | $2,852,548 |
| Monmouth / William Hill NJ | NA | $70,785 | $9,202 | $70,785 |
| Ocean Resort / William Hill NJ | NA | $292,081 | $37,470 | $292,081 |
| Totals | $104,885,673 | $12,567,785 | $1,633,311 | $15,691,066 |
NJ sports betting revenue, September 2018
| Operator | Handle | Revenue | Taxes Paid | YTD Total Revenue |
|---|---|---|---|---|
| Bally's | NA | $394,046 | $33,494 | $679,631 |
| Borgata | NA | $2,394,106 | $203,499 | $4,749,293 |
| Ocean Resort Casino | NA | $999,858 | $85,097 | $2,748,857 |
| Monmouth Park | NA | $2,138,097 | $181,506 | $6,168,473 |
| Meadowlands | NA | $4,377,474 | $373,530 | $8,827,059 |
| Harrah's | NA | $310,766 | $26,415 | $609,287 |
| Golden Nugget | NA | $499,414 | $42,450 | $611,199 |
| Resorts AC | NA | $279,492 | $23,757 | $377,579 |
| Tropicana | NA | $- | $- | $- |
| Hard Rock AC | NA | $- | $- | $- |
| Caesars | NA | $- | $- | $- |
| Totals | $79,062,731 | $11,393,253 | $969,748 | $24,758,610 |
Read more about the NJ sports betting revenue for September here.
August 2018
NJ online sports betting revenue, August 2018
| Operator | Handle | Revenue | Taxes Paid | YTD Total Revenue |
|---|---|---|---|---|
| Resorts/ DraftKings Sportsbook | NA | $2,970,331 | $386,143 | $2,970,331 |
| Golden Nugget Sportsbook / SugarHouse Sportsbook | NA | $103,324 | $13,432 | $103,324 |
| Borgata / playMGM | NA | $49,626 | $6,451 | $49,626 |
| Caesars / 888 Sport | NA | $- | $- | $- |
| Meadowlands / FanDuel Sportsbook | NA | $- | $- | $- |
| Monmouth / William Hill Sportsbook | NA | $- | $- | $- |
| Ocean Resort | NA | $- | $- | $- |
| Harrah's | NA | $- | $- | $- |
| Totals | $21,714,157 | $3,123,281 | $406,026 | $3,123,281 |
NJ sports betting revenue, August 2018
| Operator | Handle | Revenue | Taxes Paid | YTD Total Revenue |
|---|---|---|---|---|
| Bally's | NA | $267,796 | $22,763 | $285,585 |
| Borgata | NA | $805,526 | $68,470 | $2,355,187 |
| Ocean Resort Casino | NA | $519,563 | $44,156 | $1,748,999 |
| Monmouth Park | NA | $898,017 | $76,264 | $4,033,463 |
| Meadowlands | NA | $3,060,367 | $260,810 | $4,432,583 |
| Harrah's | NA | $298,521 | $25,374 | $298,521 |
| Golden Nugget | NA | $111,785 | $9,502 | $111,785 |
| Resorts AC | NA | $98,087 | $8,337 | $98,087 |
| Tropicana | NA | $- | $- | $- |
| Hard Rock AC | NA | $- | $- | $- |
| Caesars | NA | $- | $- | $- |
| Totals | $73,919,891 | $6,059,662 | $515,676 | $13,364,210 |
Read more about the NJ sports betting revenue for August here.
June and July 2018
NJ sports betting revenue, July 2018
| Operator | Handle | Revenue | Taxes Paid | YTD Total Revenue |
|---|---|---|---|---|
| Bally's | NA | $17,788 | $1,512 | $17,788 |
| Borgata | NA | $562,830 | $49,225 | $1,549,661 |
| Ocean Resort Casino | NA | $1,036,766 | $88,177 | $1,229,436 |
| Monmouth Park | NA | $856,280 | $72,945 | $3,135,446 |
| Meadowlands | NA | $1,372,216 | $116,821 | $1,372,216 |
| Harrah's | NA | $- | $- | $- |
| FanDuel Sportsbook | NA | $- | $- | $- |
| Hard Rock AC | NA | $- | $- | $- |
| Caesars | NA | $- | $- | $- |
| Golden Nugget | NA | $- | $- | $- |
| Resorts AC | NA | $- | $- | $- |
| Tropicana | NA | $- | $- | $- |
| Totals | $40,682,237 | $3,845,880 | $328,680 | $7,304,548 |
Read more about the NJ sports betting revenue for July here.
NJ sports betting revenue, June 2018
| Operator | Handle | Revenue | Taxes Paid | YTD Total Revenue |
|---|---|---|---|---|
| Borgata | NA | $986,831 | $83,881 | $986,831 |
| Ocean Resort Casino | NA | $192,671 | $16,377 | $192,671 |
| Monmouth Park/William Hill | NA | $2,279,166 | $193,605 | $2,279,166 |
| Meadowlands/FanDuel Sportsbook | NA | $- | $- | |
| Hard Rock AC | NA | $- | $- | |
| Caesars | NA | $- | $- | |
| Golden Nugget | NA | $- | $- | |
| Resorts AC | NA | $- | $- | |
| Tropicana | NA | $- | $- | |
| Totals | $16,409,619 | $3,458,668 | $293,863 | $3,458,668 |
Read more about the NJ sports betting revenue for June here.
New Jersey uses the “cash method” of accounting, which means that transactions are reported as they occur. Futures bets, for example, are counted as revenue in the month they’re placed and written off as losses as the winning tickets are paid. Note: Handle for individual sportsbooks is not reported by the DGE.
This is different than the “accrual method” used to calculate Nevada sports betting tax liability.