Online Accounts For More Than 82 Percent Of NJ’s Sports Betting Handle In May

On Wednesday, the Garden State released figures showing that its sports betting industry took nearly $320 mm in bets last month.
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On Wednesday afternoon, the New Jersey Division of Gaming Enforcement released casino industry figures from May, including totals for sports betting. According to the figures, the Garden State’s retail and online/mobile sportsbooks collected $318.9 mm in wagers, winning $15.5 mm off of gamblers.

The amount of the handle that came over the internet was $263.5 mm, or 82.6% of the total. That’s the highest it has ever been in the state’s roughly one-year-old sports betting market. Online/mobile accounted for 81% in April. There’s been incremental growth in the online share of the handle.

In 2018, online sports handle accounted for 62.6% of industry handle. It’s possible that online/mobile will eventually account for 90% of the total handle.

Leaders of the pack

Two of New Jersey’s legal and regulated sportsbooks captured most of the revenue. The Meadowlands (main partner: FanDuel) had $8.6 mm in May, while Resorts Digital (DraftKings) had $4.1 mm in May win. Monmouth Park (William Hill) was third with $1.35 mm.

So far in 2019, the books have won a combined $99.93 mm from sports bettors. The books won $94.02 mm from bettors in the second half of 2018.

The books have taken $1.7 billion in bets so far this year. Here’s a look at the monthly handles since the state kicked off sports betting in June 2018. It’s been a great first year for the market.

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