New Jersey Sportsbooks, Bettors placed $814.3 million in wagers in May

Bettors placed $814.3 million in wagers at New Jersey’s online and retail sportsbooks in May, according to official data released Wednesday. That is up 591.1% from $117.8 million in bets taken in May 2020 and more surprisingly, up 8.9% from $748 million in April.

May’s bets produced $52.9 million in revenue, up 433.6% from $9.9 million in May 2020. The month’s win yielded $7.9 million in taxes.

Online betting accounted for 90.2%, or $736.7 million, of the state’s total handle in May. Retail sportsbooks took in $79.6 million wagers in May, up 43.7% from $55.4 million in May 2019.

FanDuel Sportsbook/PointsBet topped online operators with $29.8 million in gross revenue. Meadowlands/FanDuel led all retail books with $4.8 million in revenue in May.