The New York Knicks betting effect wasn’t just felt in the Empire State. New Jersey felt it, too, in June.
Key Takeaways
- New Jersey operators record the lowest hold since December 2024.
- Retail sportsbooks lose in June.
- iGaming experiences 17.5% yearly growth.
The New Jersey Division of Gaming Enforcement (NJDGE) reported on Thursday that online and retail operators combined for a $57.3-million revenue haul. Year-over-year profits dipped 37.7%, and
“The decline primarily reflects patron winnings associated with the NBA Finals and FIFA World Cup games,” the NJDGE said. “Sports wagering total handle increased 16.0% for June 2026 compared to June 2025.”
New Jersey sports betting streak of 39 consecutive months of at least $60 million in profits came to an end during the same period that the U.S. men’s national team had success in the World Cup. The 6.2% operators’ hold on a $917.2-million handle is the lowest win rate produced in the Garden State since December 2024. It’s just the third hold below 7% over the last two years.
Neighboring New York’s handle increased by 36.7% year over year, but the gross revenue dropped by 43.2%.
Enjoying Covers content? Add us as a preferred source on your Google account
Retail in the red
June’s shortcomings contributed to the year-to-date New Jersey revenue total of $513 million being down 7.1% compared to the first six months of 2025.
Retail sportsbooks finished over $640,000 in the red from a $25.3-million handle during June, leaving online sportsbooks to carry the entire revenue stream on nearly $892 million in wagers.
New Jersey sports betting operators paid out $12.5 million from the 19.75% tax rate on online sportsbooks and 8.5% on retail to the state, just $600,000 more than the previous June, when the mobile tax rate was still 13%.
Online operator dips
| Online Operator | June Revenue | YTD Revenue |
|---|---|---|
| FanDuel | $25 million | $206.6 million |
| DraftKings | $13.7 million | $131.3 million |
| bet365 | $6.7 million | $39.9 million |
| BetMGM | $4.5 million | $40.4 million |
| Fanatics Sportsbook | $2.8 million | $40.8 million |
| Hard Rock Bet | $1.8 million | $9.5 million |
FanDuel’s profits were down 30% from the previous June, but the online operator was still able to lead the state with $25 million in gross revenue, eclipsing $200 million year-to-date.
DraftKings had a 43.7% year-over-year revenue decline, the second largest of any online sportsbook in June. The operator cleared $13.7 million to run its yearly profit total over $130 million, down nearly 13% from the first six months of 2025.
It was a rare third-place revenue finish for bet365, which made $6.7 million and nearly reached $40 million in 2026. BetMGM generated $4.5 million in revenue for the month, while Fanatics suffered the largest year-over-year profit decline (76.2%) to finish with just $2.8 million in revenue.
Hard Rock Bet finished sixth at $1.8 million, ahead of theScore Bet and Caesars, which both won back less than $1 million in June.
Total gaming revenue
Despite the rough month for sportsbooks, year-over-year total gaming revenue in New Jersey increased 0.7% to $585.6 million. This led to $81 million in tax revenue for the state, which has hauled in over $500 million in 2026.
Online casinos won $271 million during the month, a 17.5% year-over-year increase. iGaming is closing in on $1.6 billion in revenue for the year, up 15% from the first six months of 2025. In-person casinos generated $257.3 million in June, down less than 1% year over year, from table games and slots.
