Analysis: Latest NJ Sports Betting Report Shows Signs Of NY Effect

The impact of mobile sports betting in New York might be showing in monthly NJ sports betting reports. New Jersey sportsbooks reported $546.8 million in handle for August, down 17.7% from last year. Revenue hit $65.3 million, for $8.3 million paid in taxes, according to the monthly report released Friday. August marked the fourth consecutive […] Read More

Posted on: September 20, 2022 | | Matthew Waters

Are Covid Changes To Blame For NJ Sports Betting Handle Declines?

An NJ sports betting trend not seen since the sports world shut down for COVID-19 crept its way back into story. Sportsbooks reported $531.9 million in handle and $45 million in revenue last month, according to the July revenue report released Tuesday afternoon. That marked the third straight month that handle fell year-over-year. Outside of […] Read More

Posted on: August 17, 2022 | | Matthew Waters

NJ Sportsbooks Continue To Struggle Versus The 2021 Version Of Themselves

The Borgata license, including BetMGM, jumped into second place in the NJ sports betting market, ahead of the Resorts license and DraftKings. Read More

Posted on: July 19, 2022 | | Brad Allen

Are NJ Sportsbooks Really Shielded From New York Cannibalization?

NJ sportsbooks have held just 5.2% of handle through May, but are customers getting lucky or have operators ramped up promo spend? Read More

Posted on: June 16, 2022 | | Brad Allen

NFL Funding Helps Take 1-800-GAMBLER Helpline Nationwide

The 1-800-GAMBLER helpline will be available to bettors across the US thanks to a new licensing deal backed by the NCPG. Read More

Posted on: June 13, 2022 | | Brad Allen

Are NJ Sportsbooks Ready For Incoming ID Verification Rules?

NJ sportsbooks must implement two-factor authentication by the end of June in a bid to protect customers accounts from hackers. Read More

Posted on: June 7, 2022 | | Brad Allen

PointsBet To Be Down This Weekend In NJ Sports Betting Market

New Jersey sports betting will be down a sportsbook during Memorial Day weekend as PointsBet deals with an outage. PointsBet will be unavailable to the New Jersey sports betting market until Monday. A company spokesperson confirmed the weekend-long outage Friday afternoon. The spokesperson also confirmed the issue is confined to New Jersey only and does […] Read More

Posted on: May 27, 2022 | | Pat Evans

NJ Sports Betting Handle Still Growing Strong Despite NY Launch

The NJ sports betting market has not stopped growing while facing the launch of mobile NY sportsbooks earlier this year. Handle at New Jersey sportsbooks was $926.9 million in April, which is 23.9% higher than last year. That figure was down 17.3% month-over-month, though that reflects the slower US sports betting calendar. Sports betting revenue […] Read More

Posted on: May 16, 2022 | | Matthew Waters

Handle At NJ Sportsbooks Still Growing Despite NY Launch

NJ sportsbooks saw handle grow again in March, marking the third straight month of growth despite New York‘s launch. New Jersey sports betting handle hit $1.121 billion in March, according to the state report released Monday afternoon. That is up 12.8% over February and 24.6% over March 2021. Sports betting revenue hit $66.4 million for […] Read More

Posted on: April 19, 2022 | | Matthew Waters

Mobile NY Sports Betting Tax Bill Tracking Well For Projections

The mobile NY sports betting market has already contributed $163.6 million in taxes for education in under three months. The eight online New York sportsbooks combined for $58.3 million in taxes in March, which is 51% of the $114.3 million won by the books last month, according to the state’s report released Monday. The $1.638 […] Read More

Posted on: April 12, 2022 | | Matthew Waters