New Jersey bounces back with August sportsbook handful

New Jersey bounces back with August sportsbook handful

© United States Today

After a declining July, sports betting in New Jersey rebounded in August.

New Jersey sports betting was up $ 664.7 million, up 14.9% from $ 578.7 million in July.

Compared to a year ago, the August 2021 total was down 0.5% from 2020’s $ 668 million.

New Jersey’s record this year came in January when the state took $ 958.7 million in bets.

March was the second largest month with $ 859.6 million. The state’s all-time sports betting record arrived in December 2020 when New Jersey totaled $ 996.3 million.

For the month of August, New Jersey recorded $ 52 million in sports betting revenue, down 5.4% from July’s $ 55 million, according to figures released by the Division of Gaming Enforcement. New Jersey.

Mobile made up the majority of bets with $ 612.9 million online, up 15.8% from July’s $ 529.4 million. The online market accounted for 92.2% of the state’s sports betting market in August.

New Jersey sports betting, August vs July

Total handle Movable handle Returned
August $ 664,676 million $ 612.867 million

$ 52.023 M

July $ 578.729 M $ 529.434 M

$ 54.966 million

Switch Up 14.9% Up 15.8% Down 5.4%

New Jersey sports betting, August 2021 vs August 2020

Total handle Movable handle Returned
August 2021 $ 664,676 million $ 612.867 million

$ 52.023 M

August 2020 $ 667.979M $ 601.942 M

$ 39.507 M

Switch Down 0.5% Up 1.8% Up 31.7%

Total New Jersey gaming revenue was $ 427.7 million for August, down 5.1% from $ 450.6 million in July, but up 31% from the total of 326 , $ 3 million in August 2020.

The state’s online casino win was $ 113.2 million, down 4.6% from July’s $ 118.7 million and up 29% from the win of $ 87.8 million as of August 2020.

Busiest state of New Jersey in week 1 of the NFL season

According to data from GeoComply Solutions Inc., New Jersey is ready for a big handful of sports betting for September. New Jersey led all states in total trading volume during the NFL’s opening weekend. From the opening of the NFL season Thursday between the Tampa Bay Buccaneers and the Dallas Cowboys until Sunday night, New Jersey recorded 12.5 million geolocation transactions. Pennsylvania was second at 11.5 million.

GeoComply has recorded data on geolocation transactions in 18 states and the District of Columbia. In total, GeoComply recorded 58.2 million geolocation transactions, an increase of 126% over the same period of the 2020 NFL season.

“Preparing for this NFL season has been a process that started before the end of last season, and we expected high volumes, but what we saw surprised us nonetheless,” said Lindsay Slader, general manager of games for GeoComply. “The data tells a remarkable story about the growth of the industry over a short period of time. This success is a credit to all of our customers and state regulators, who have worked tirelessly to prepare for the start of the new NFL season. “

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