NJ Sports Betting Revenue Climbs Again In May As Handle Streak Ends – Legal Sports Report

New Jersey sports betting revenue reached $82.2 million in May, a 33% increase ($61.5 million) over the same month last year.

Total revenue through the first five months of the year is up more than $105 million compared to 2022, a 39% increase.

According to figures recently released by the New Jersey Division of Gaming Enforcement, sportsbooks generated $374.4 million in revenue through May. NJ sports betting revenue was $269.4 million from January through May last year.

Monthly betting handle topped out at $778.8 million last month, a slight increase over the same month the previous year ($766.4 million.)

Streak of NJ sports betting declines ends

The roughly 2% bump in year-over-year monthly handle ends New Jersey’s longest sports betting decline. The Garden State had 12 consecutive months of declining year-over-year handle in the state.

The longest streak previously for the state was four consecutive months of declines between March 2020 and June 2020.

In May, 95% of New Jersey sports betting handle was spent online.

Increased revenue for some, declines for others

Meadowlands Racetrack, which includes FanDuel, PointsBet, and SuperBook, produced $43.8 million in May revenue, up from $38 million in April.

Monmouth Park, which includes William Hill and BetRivers, generated $2 million in revenue last month, up from $1.1 million the month before.

Hard Rock Sportsbook, bet365, and Unibet, under the Hard Rock Hotel and Casino Atlantic City umbrella, also posted increased revenue in May. The trio brought in $3.6 million last month, up from $2 million in April.

Resorts Digital Gaming, which includes DraftKings and Fox Bet, generated $18.9 million in revenue, down from $20.2 million in April.

New Jersey does not break down revenue figures by individual sportsbooks. Instead, the state combines up to three online operators under a single operating license tied to an Atlantic City casino or an authorized racetrack.