Online Betting Dominates as New Jersey Sportsbook Revenues Rise

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Online Betting Dominates as New Jersey Sportsbook Revenues Rise

New Jersey Sportsbooks are Expected to Surpass Nevada Revenues Once Again

Online sports betting is one of the driven forces in the garden state with each month generating historical figures compared to Nevada, who’s been offering sports betting services for quite some time. For the month of July sportsbooks in the state generated $251.3 million. This figure was an 8% decrease compared to June, but still surpassed Nevada revenues.

Since the launch of sports activities, New Jersey has generated $3.5 billion in bets and $269.3 million in revenues. The state has gained more than $25 million in tax revenues as well.

FanDuel/PointsBet lead the online market with earning $7.3 million in gross revenues for the month. Compared to June, they earned more a little more than $2.6 million. Lead Sports Betting Analyst for PlayNJ.com, Dustin Gouker said online sports betting is the number one key difference when competing with Nevada. Gouker added the only threat to the garden state would be for the expansion and launch of online sports betting activities in Pennsylvania. He said New Jersey has so far proven to be a frontrunner with its competition and neighboring states.

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