New Jersey Sports Betting Revenue for June Hit a Monthly Low

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New Jersey Sports Betting Revenue for June Hit a Monthly Low

New Jersey sports betting revenue for the month of June has hit a monthly low State generated $273 million in total wagers and $9.7 million in betting revenue.

The New Jersey Division of Gaming Enforcement released the official figures for the month of June, reflecting the end of hockey and basketball playoffs. Details of the official report released show that licensed betting operators generated $9.7 million for the month of June. This amount is down, almost half of what was generated in May. Total revenue for the first 6 months was $113.1 million.

The report broke down the total sports betting figures by wagering handles. It shows the total wagering handle was $273.2 million for June, and $319 million for May. Digital channels accounted for the biggest part for overall wagers, 83% earning $226.7 million. Meadowlands Racetrack (FanDuel and Pointsbet) led the market for the month earning $4.38 million in total earnings. Of the total earnings, $2.72 million were earned from digital channels.

Resorts Digital came in second with generating $2.68 million. Their partners, The Stars Group and DraftKings earned a combined digital revenue of $29.44 million. When comparing to year-on-year figures, some of the operators were way below.

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