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 eight active sportsbooks in New Jersey plus six online sports betting apps (888 Sport is still in soft launch). DraftKings Sportsbook app launched statewide on Aug. 6 becoming the first online sportsbook in the state. Golden Nugget and Resorts opened their retail sportsbooks Aug. 15. Nearly every other casino operator in the state has expressed some level of interest in offering sports gambling.
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.
Below is a rundown of NJ sports betting revenue to date:
Last updated: September 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.
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.