New Jersey Division of Gaming Enforcement, sportsbooks in New Jersey made a total of 95.9m in revenue last month, marking a monthly uptick of 19.2. New Jersey’s casinos, horse tracks that offer sports betting and the online partners of both types of gambling outlets won nearly 485 million from gamblers in September, up nearly 7 from a year earlier. has made a dent into the sports betting market in its first few weeks of operations, taking a share of nearly 5m in revenue. The casinos internet gambling operations won $136 million in May, up nearly 26%, although casino executives say that figure is misleading because about 70% of online winnings are kept by third-party partners.On this page you will find the Sports Wagering Law, the Emergency Rules for Sports Wagering Promulgated by the Division of Gaming Enforcement, the Registration Form to file prior to wagering if you are a sports insider, and the answers to Frequently Asked Questions. New Jersey sports betting market grows 19 in November as ESPN BET. The fee to apply for a sports betting license is 100,000. Total sports betting revenue, after winning bets and other expenses were paid, was $61.5 million, up 16.4% from a year ago. Taxes and Fees: The tax rate on retail sports betting revenue is 9.75 percent., while revenue from mobile and online wagering is taxed at 14.25 percent. (b) Economic Development Tax reflects 1.25 of racetrack licensees sports wagering gross revenue and Internet sports wagering gross revenue. Gamblers wagered $766.4 million on sports in May. A relevant Sports Wagering Win Percentage in New Jersey cannot be calculated by dividing the total Sports Wagering Gross Revenue as reported on the DGE-107 by total Handle. Harrah's won $21.2 million, down 1.6% Caesars won $20.2 million, down 9.5% Resorts won $14.1 million, down 8% Golden Nugget won $12.7 million, down 3% and Bally's won $12.6 million, up 2.6%. Sports Wagering Gross Revenue is not revenue under the accrual basis of accounting and is not comparable to the win reported for Nevada casinos. Hard Rock was next at $41.5 million, up nearly 19% Ocean was third at $25.3 million, up nearly 3%, and Tropicana was fourth at $21.6 million, up 8.5%.

In terms of money won from in-person gamblers, Borgata led the market in May at $63.3 million, up over 30% from a year earlier. “The volume of activity in Atlantic City’s casino hotels has been robust and, coupled with a maturing online gaming business, can be a powerful combination,” he said. For land-based casino revenue, visit the Atlantic City casino revenue page. Cherelle Parker names new Philly commerce director and city solicitor For sports betting revenue and handle, visit the NJ sports betting revenue page.

Nj sports betting revenue