State tax revenue displays taxes collected by the state and local jurisdictions.Hold percentage shows how much revenue sportsbooks kept as a function of the betting handle.Revenue reflects the gross gaming revenue kept by sportsbooks after paying out winning bets.Handle refers to the total amount wagered on sports.We’re keeping track of monthly New Jersey sports betting revenue reports from the first legal bets in June 2018 to date.įor clarity, here’s what each number represents: New Jersey Sports Betting Revenue: Month-by-Month Data Read on for an in-depth look at the business of sports betting in New Jersey. Will NJ stay ahead in 2021, or will Vegas come roaring back as the pandemic recedes?īelow you can scroll back in time to see the growth of sports betting in the Garden State. New Jersey finished 2020 with the highest annual sports betting handle of any state, surpassing Nevada by more than $1.5 billion in wagers placed. The industry is thriving thanks to New Jersey’s successful court case that resulted in the Professional and Amateur Sports Betting Act (PASPA) overturn and effectively made it possible for states other than Nevada to legalize sports wagering. New Jersey was destined to be a leader in the US sports betting market.