September sports betting doubles in New Jersey
News on 13 Oct 2018
News on 13 Oct 2018
The September revenue numbers for sports betting released Friday by the New Jersey Division of Gaming Enforcement were, at $183.9 million, almost double those of the preceding month, thanks largey to an increase in mobile betting and the beginning of the new football season.
The Reuters news agency reports that on-site sports wagers placed at casinos and racetracks rose by $5.1 million to $79 million in the month of September, a 7 percent increase, but that was eclipsed by the total of wagers placed over the internet, which was $104.9 million versus $21.7 million the previous month.
Four new sites launched internet sportsbooks in September, compared with only three that had come online in August.
The “explosive growth” in sports wagering contributed to a 19.5 percent overall increase in New Jersey’s total gaming revenue to $281.7 million in September versus the same month the previous year, division director David Rebuck said in a statement.
Since sports betting went live in New Jersey on June 14, $328 million of sports wagers have been placed, according to the data. Of that handle – or the total amount of bets placed – New Jersey’s casinos and racetracks reaped $40.5 million of gross revenue.
The state received $4.2 million of taxes from the 8.5 percent tax on sports betting revenues and the 13 percent tax on internet sports betting revenue.
News on 13 Oct 2018
The September revenue numbers for sports betting released Friday by the New Jersey Division of Gaming Enforcement were, at $183.9 million, almost double those of the preceding month, thanks largey to an increase in mobile betting and the beginning of the new football season.
The Reuters news agency reports that on-site sports wagers placed at casinos and racetracks rose by $5.1 million to $79 million in the month of September, a 7 percent increase, but that was eclipsed by the total of wagers placed over the internet, which was $104.9 million versus $21.7 million the previous month.
Four new sites launched internet sportsbooks in September, compared with only three that had come online in August.
The “explosive growth” in sports wagering contributed to a 19.5 percent overall increase in New Jersey’s total gaming revenue to $281.7 million in September versus the same month the previous year, division director David Rebuck said in a statement.
Since sports betting went live in New Jersey on June 14, $328 million of sports wagers have been placed, according to the data. Of that handle – or the total amount of bets placed – New Jersey’s casinos and racetracks reaped $40.5 million of gross revenue.
The state received $4.2 million of taxes from the 8.5 percent tax on sports betting revenues and the 13 percent tax on internet sports betting revenue.
