New Jersey August Sports Betting Handle Shatters US Record
New Jersey sports betting in August reached a new U.S. record for total handle in a single month — $668 million. Nevada previously set the standard with $614.1 million in November 2019.
With all major sports playing regular schedules in August, New Jersey easily surpassed Nevada’s record and its own, which had been $562.7 million in November 2019.
The August total for New Jersey of $667,979,150 was a 112% increase over July’s $315,118,805 and 127.5% over the $293,594,862 in August 2019, according to figures released Monday by the state Division of Gaming Enforcement.
The online handle for the top New Jersey sportsbooks in August was $601,942,486, an increase of 103.5% over July’s $295,804,327 and up 141.5% from August 2019. That mark is a record for monthly mobile sports betting handle. Mobile was 90% of the total sports handle in August, according to the state figures.
Like New Jersey, two states that reported gaming numbers last week also more than doubled their handles for the month. Indiana saw a 138% increase in total sports handle in August, when they combined for $169,018,238 compared to $70,876,622 in July.
Iowa had $50,313,674 in total sports handle, a 120.1% increase over July’s $22,859,622.
The numbers in states with legal sports betting were fueled by the return of the major professional sports leagues. MLB started its season July 23 and the NBA and NHL restarted their seasons on July 31 and Aug. 1, respectively.
New Jersey Sports Betting, August vs. July vs. June
|August ‘20||July ‘20||Change|
|Total Handle||$667.979M||$315.119M||Up 112%|
|Online Handle||$601.942M||$295.804M||Up 103.5%|
|Net Revenue||$39.507M||$29.552M||Up 33.7%|
August Numbers Skyrocket
In addition to the handle and mobile numbers, the August report showed:
New Jersey sports betting revenue in August was $39,507,181, up 33.7% from July’s $29,551,987 and up 56.7% from August 2019’s $25,210,342.
August total gaming revenue was $326,332,958, up 23.4% from July’s $264,485,561, but a decrease of 7.5% from August 2019’s $352,792,270.
The iGaming win in August was $87,772,968, up 0.3% from July’s $87,492,952 and up 113.6% from August 2019’s $41,101,587.
New Jersey Sports Betting, August 2020 vs August 2019
|August ‘20||August ‘19||Change|
|Total Handle||$667.979M||$293.595M||Up 127.5%|
|Online Handle||$601.942M||$249.238M||Up 141.5%|
More iGaming Coming to NJ
On Aug. 27, Score Media and Gaming Inc. announced it reached a partnership agreement with Twin River Worldwide Holdings to operate an online casino in New Jersey. The anticipated start of theScore Bet’s online casino is set for the second half of 2021, pending licensing and regulatory approvals from the New Jersey Division of Gaming Enforcement.
On Aug. 6, PointsBet announced it would enter the market. It reached a “primary skin” agreement with Twin River Worldwide Holdings in New Jersey. Twin River is in the process of completing its deal to acquire Bally’s Atlantic City.
On Aug. 3, Everi reached a partnership agreement with Roar Digital to enter the state. Three of the most popular online slot games from Everi Digital became available at New Jersey online slot sites after the deal.
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