New Jersey’s path to legalized sports betting was paved nearly a decade ago by then-Governor Chris Christie. It became the first state to legalize online sports betting in the United States after SCOTUS overturned PASPA.
The ruling ended a nearly decade-long legal battle between the state and the five largest U.S. sports leagues, ushering in a new era of online sports betting.
Gov. Phil Murphy sanctioned Assembly Bill 4111 on June 11, 2018, allowing both online and retail sports wagering within the Garden State.
The inaugural legal online sportsbook in the state, DraftKings NJ, commenced operations on Aug. 1, 2018. Currently, New Jersey residents have access to 15 legal sports betting apps.
New Jersey sports betting revenue
NJ sports betting began on June 11, 2018, with retail betting, and online betting began shortly after on Aug. 1. The Garden State generated $12.7 billion in total sports betting handle in 2024.
New Jersey sportsbooks posted their second-most profitable month ever.
Below is an outline of New Jersey's sports betting figures over the years:
New Jersey annual data
| Year 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| 2025 | $11,006,384,835 | $1,051,673,084 | 9.6% |
| 2024 | $12,774,039,220 | $1,094,630,340 | 8.6% |
| 2023 | $11,972,240,548 | $1,006,587,566 | 8.4% |
| 2022 | $10,944,165,739 | $762,954,905 | 7.00% |
New Jersey 2025 monthly data
| Month 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| Jan | $1,152,144,676 | $122,194,865 | 10.6% |
| Feb | $988,882,908 | $73,558,519 | 7.4% |
| Mar | $1,107,191,055 | $71,344,935 | 6.4% |
| Apr | $994,434,816 | $90,510,496 | 9.1% |
| May | $1,010,645,865 | $102,543,773 | 10.1% |
| June | $790,415,313 | $91,858,292 | 11.6% |
| July | $663,997,770 | $74,769,434 | 11.3% |
| Aug | $814,312,217 | $81,901,788 | 10.1% |
| Sept | $1,069,913,122 | $89,830,908 | 8.4% |
| Oct | $1,193,464,864 | $110,691,248 | 9.2% |
| Nov | $1,220,982,229 | $142,468,826 | 11.6% |
New Jersey 2024 monthly data
| Month 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| Jan | $1,719,170,088 | $170,758,334 | 9.9% |
| Feb | $1,081,171,835 | $67,564,386 | 6.2% |
| Mar | $1,329,010,828 | $89,687,971 | 6.7% |
| Apr | $1,044,283,588 | $106,227,937 | 10.2% |
| May | $838,946,057 | $78,750,983 | 9.4% |
| June | $748,417,965 | $60,066,927 | 8.0% |
| July | $652,275,524 | $80,027,220 | 12.3% |
| Aug | $698,839,707 | $62,726,443 | 9.0% |
| Sept | $1,092,603,875 | $119,556,334 | 10.9% |
| Oct | $1,131,684,366 | $77,463,400 | 6.8% |
| Nov | $1,224,883,112 | $118,962,664 | 9.7% |
| Dec | $1,215,654,736 | $62,837,741 | 5.2% |
New Jersey 2023 monthly data
| Month 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| Jan | $1,082,233,033 | $72,330,439 | 6.70% |
| Feb | $847,405,611 | $54,621,220 | 6.40% |
| Mar | $1,025,779,225 | $93,039,999 | 9.10% |
| Apr | $833,900,000 | $72,300,000 | 8.7% |
| May | $778,854,263 | $82,165,404 | 10.5% |
| June | $591,081,897 | $66,356,838 | 11.2% |
| July | $587,019,749 | $61,013,433 | 10.4% |
| Aug | $725,849,450 | $96,041,019 | 13.2% |
| Sept | $1,299,016,274 | $111,145,385 | 8.6% |
| Oct | $1,293,468,722 | $92,258,295 | 7.1% |
| Nov | $1,623,072,184 | $95,889,050 | 5.9% |
| Dec | $1,284,560,140 | $109,426,484 | 8.5% |
New Jersey 2022 monthly data
| Month 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| Jan | $1,348,860,083 | $60,195,902 | 4.50% |
| Feb | $985,568,313 | $30,873,369 | 3.10% |
| Mar | $1,120,904,954 | $66,404,370 | 5.90% |
| Apr | $926,946,780 | $50,345,808 | 5.40% |
| May | $765,984,114 | $61,594,016 | 8.00% |
| Jun | $633,184,861 | $39,245,213 | 6.20% |
| Jul | $531,888,333 | $45,007,343 | 8.50% |
| Aug | $546,774,394 | $65,272,385 | 11.90% |
| Sep | $866,719,412 | $97,981,122 | 11.30% |
| Oct | $1,060,154,535 | $77,907,041 | 7.30% |
| Nov | $1,101,622,966 | $80,426,931 | 7.30% |
| Dec | $1,055,556,994 | $87,701,405 | 8.30% |
New Jersey sports betting at a glance
- Launch date: August 2018
- Regulator: New Jersey Division of Gaming Enforcement (NJDGE)
- Latest reported month: September 2025
- Lifetime handle: $67,113,310,024
- Lifetime revenue: $5,269,400,421
- Last updated: December 24, 2025
Note: New Jersey reports sports betting revenue on a monthly basis. Figures below reflect combined online and retail wagering unless otherwise specified by the regulator.
About sports betting revenue in New Jersey
New Jersey legalized sports betting in 2018, with wagering launching soon after the repeal of the federal Professional and Amateur Sports Protection Act (PASPA). Oversight of the market is handled by the New Jersey Division of Gaming Enforcement, which has played a central role in shaping modern U.S. sports betting regulation.
The state operates under a mature, casino- and racetrack-anchored licensing model that supports both retail sportsbooks and a highly developed online and mobile betting ecosystem. Mobile wagering has consistently accounted for the vast majority of betting activity, establishing New Jersey as one of the earliest and most stable mobile-first sports betting markets in the country.
Each month, the New Jersey Division of Gaming Enforcement publishes comprehensive sports wagering reports detailing statewide handle, gross gaming revenue, and tax collections. These long-running, standardized reports combine online and retail activity and have made New Jersey a national reference point for market scale, growth patterns, and operator performance.
Because of its early market entry, consistent reporting history, and sustained mobile dominance, New Jersey is widely used as a benchmark for evaluating sports betting performance nationwide. Even so, its figures are best interpreted within the context of its mature regulatory framework and market saturation, particularly when compared to newer or structurally distinct jurisdictions.
How to read revenue numbers
- Handle represents the total amount wagered by bettors during the month.
- Revenue reflects sportsbook winnings after payouts, before expenses.
- Hold is calculated as revenue divided by handle, expressed as a percentage.
Monthly revenue can fluctuate significantly due to seasonality, betting mix, and the outcomes of major sporting events.
New Jersey sports teams to bet on
While NJ team allegiances and passions run deep, we recommend betting with your head and not your heart. Be sure to do your research before blindly backing any of these hometown favorites. Keep in mind, there is no betting allowed on college teams like Seton Hall, Rutgers, and Princeton within the state of New Jersey.
Although no scheduled fights or Formula One races are coming to the Garden State anytime soon, the best UFC betting sites, boxing betting sites, and top F1 betting sites easily allow you to back fighters and drivers that you can cheer for as passionately as your hometown teams.
NJ sports betting law
New Jersey lawmakers' efforts to legalize sports betting pre-date the 2018 fall of PASPA. In 2012, then-Governor Chris Christie signed legislation permitting sports betting after voters approved a referendum in 2011. After years of rebuking, legal NJ sports betting finally arrived in 2018.
Here are some highlights of the current state of sports betting in New Jersey:
- The NJ Division of Gaming Enforcement regulates all online and land-based sports wagering in New Jersey.
- You must be 21 or older to bet on sports in NJ.
- There is no cap on the number of casinos permitted to offer sports betting, but casinos are limited to three online skins each.
- Land-based sportsbooks are taxed 9.75% of gross gaming revenue, while online operators must pay a 14.25% tax.
- Betting on NJ college teams or college games in New Jersey is prohibited.
- esports wagering is legal, provided the majority of participants are 18 or older.
Covers and credibility
We have had our finger on the pulse of the sports betting industry for more than 25 years. The sports betting revenue figures and statistics found here have been personally reviewed, verified, and fact-checked to ensure their validity.
News outlets turn to Covers for our earned reputation as a trusted and authoritative source of sports betting information. These are among the notable publications and media outlets that have referenced Covers.com and our industry experts.
More industry resources
As states continue to authorize legal sports betting — now 38 states plus DC, consult these informational websites for additional information on the sports betting industry:
- American Gaming Association (AGA): Organization dedicated to advancing the gambling industry's interests by promoting, educating, and advocating for responsible gambling.
- Professional and Amateur Sports Protection Act (PASPA): Supreme Court of the United States ruling.
- National Council on Problem Gambling: Those seeking help for a gambling problem can call 1-800-GAMBLER toll-free, 24/7.
Related sports betting revenue coverage
U.S. Sports Betting Revenue Tracker
Monthly Sports Betting Revenue by State: Arizona | Arkansas | Colorado | Connecticut | DC | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maine | Maryland | Massachusetts | Michigan | Missouri | Nevada | New Hampshire | New Jersey | New York | North Carolina | Ohio | Oregon | Pennsylvania | Rhode Island | Tennessee | Vermont | Virginia | West Virginia | Wyoming
Sports betting revenue tracker FAQ
The sports that generate the most sports betting revenue can vary depending on factors such as the sport's popularity, the betting market's size, and the timing and frequency of significant events. Football stands as the most popular sport for betting in the United States, with the NFL generating the highest revenue. The Super Bowl alone is one of the world's most-watched and bet-on sporting events. Basketball is also a popular sport for betting, particularly in the United States where the NBA lays claim to the top basketball league in the world.
Sports betting revenue varies greatly depending on the region, market, and size of the industry. However, in many jurisdictions, sports betting can generate significant revenue and contribute to the overall economy. Compared to other industries, sports betting revenue may not be as significant. For example, in 2020, the global video game industry was estimated to generate over $159 billion in revenue. Meanwhile, the global film industry was estimated to generate over $100 billion in revenue in 2020.
The popularity of select sports events cannot be overlooked, with the Super Bowl and World Cup among the largest betting events in the globe. Betting odds and lines also greatly impact the amount of revenue generated by sports betting. Other factors include technological advancements, including the live streaming of events.
The future of sports betting revenue hinges on additional markets legalizing sports betting, via mobile betting, land-based, or a combination of both. An uptick in legal U.S. markets will trigger increased revenues, while new bet trends including same game parlays and in-game wagering, unlocks more opportunities for customers.
Online sports betting has significantly impacted sports betting revenue, notably in states where it is legal and regulated. The rise of online sports betting has facilitated the customer experience, allowing people to place bets remotely or in-person from the event itself, leading to increased revenue for sportsbooks. Betting site operators can also reach a much larger audience and customer-base. Overall customer convenience plays a large part in driving up sports betting revenue.
Gross revenue represents the total amount of money a sportsbook takes in from all customer bets, and it includes the total value of all bets placed, regardless of whether the bets won or lost. In other words, gross revenue is the total amount of money a sportsbook earns from its customers. Net revenue, conversely, is the amount of money a sportsbook earns after deducting all its operating expenses. This includes things like salaries, rent, marketing expenses, and other costs associated with running the sportsbook. Net revenue is the profit a sportsbook makes from its operations.
Major sports events including the Super Bowl and World Cup have a significant impact on sports betting revenue. These events garner a lot of attention from fans, which leads to increased betting activity and higher revenue for sportsbooks. The Super Bowl alone is the largest single-day betting event on the sporting calendar, which generates millions of dollars in revenue for sportsbooks.
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