New Jersey Sportsbooks $748 million in Bets in April

New Jersey’s sportsbooks accepted $748 million in wagers in April, according to official data released Friday. That is down 13% from $859.6 million in March, but up 1,270.1% over $54.6 million in bets taken in pandemic-marred April 2020.

Operator revenue dropped 9.9% to $54.8 million in April from $60.8 million in March. April’s action yielded $8.1 million in state taxes.

Since launching, New Jersey sportsbooks have generated:

  • $15.2 billion in handle.
  • $1.04 billion in revenue.
  • $151.4 million in state taxes.

While New Jersey’s volume declined from March, the month-over-month drop in wagering was less pronounced than other U.S. betting markets.

Online betting accounted for 91.1%, or $681.2 million, of April’s handle. FanDuel Sportsbook/PointsBet topped the online market with $25.5 million in gross revenue.

Retailers generated $66.8 million in wagering, down from $79.5 million in March but a stark difference from the shutdown in 2020. Meadowlands/FanDuel led retailers with $3.6 million in revenue in April.